By Chris Becker
Depsite the signing of the Phase 1 trade deal between China and the US, sentiment soured overnight with Wall Street just scraping in with scratch session with focus actually on the impending impeachment trial in the Senate. The USD unwound its earlier gains while Bitcoin continued its big meltup, almost approaching $9000 overnight.
Looking at Asian share markets yesterday, where Chinese stocks are struggling to absorb the Yuan rise with the Shanghai Composite slipping below the 3100 points level, closing 0.4% lower at 3095 points, while the Hang Seng Index has fallen 0.6% to close at 28709 points. The daily chart shows some support as price remains elevated with solid momentum, but watch for a reversion below the high moving average and short term support at 28400 points to hold:
