By Chris Becker
Wall Street edged to a nominal new record high overnight but only just as the USD rose against most of the majors, Pound Sterling in particular falling as the hard Brexit firms. Economic data from the US was positive, although US Treasury yields lifted slightly, while Bitcoin cratered to a new monthly low just above $6600.
Looking at the action on Asian markets yesterday where the Shanghai Composite was floating along and then shot higher after the lunch break to close up 1.5% to 3027 points, finally breaking through the long held 3000 point resistance level. Meanwhile the Hang Seng Index matched its previous October highs, lifting 1.2% to be at 27843 points. The daily chart shows this breakout has more upside potential as price now matches the former October highs with momentum not yet overcooked:
