Macro Morning

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By Chris Becker 

Increased trade tensions between China and the US added caution to the mix in a flat session overnight on risk markets with most bourses making a hesitant start to the trading week. The USD reasserted itself against the majors while gold slipped back below $1700USD per ounce. Bitcoin continues to see some epic volatility after gapping down over the weekend.

Looking at share markets from yesterday where in mainland China, the Shanghai Composite was the odd one out, putting in a scratch session to finish 0.1% lower at 2884 points, while the Hang Seng Index was up 1.5% to 24602 points, continuing to bounce off the recent daily lows at 23400 points and setting up for another breakout. However, there is considerable resistance at 24800 points to clear:

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