Macro Afternoon

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Risk markets in Asia are fighting back late in the session after a mixed start this morning after a solid selloff on Wall Street overnight. Oil prices have gone the opposite way, gaining earlier before selling off going into the London open, with Brent now at 1999 levels! 

The Shanghai Composite is up nearly 0.4% going into the close, currently at 2837 points while the Hang Seng Index is just hanging on with a scratch session, currently up 0.2% to 23824 points, as daily price action clings on to the rollover lows from yesterday:

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Japanese share markets are still selling off however with the Nikkei 225 closing nearly 1% lower to be remain well below the 20,000 point level, now at 19137 points, while the USDJPY pair is drooping back towards the 107 handle as Yen buying firms up:

The ASX200 has finished dead flat after being down over 1% at the open, closing at 5221 points, with the Aussie dollar has tried to really off support not far away at 62.50, getting back above the 63 handle but only just:

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Eurostoxx and S&P futures are up by nearly 0.7% going into the European open with the four hourly S&P futures chart still in breakdown mode as its nears complete confirmation of the bearish rising wedge that has been building during this relief rally:

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