By Chris Becker
The return of Wall Street sent risk sentiment higher overnight as stock markets continued their push to return back to normal overinflated bubble like status before the COVID-19 pandemic. The USD took a big hit against the majors with Pound Sterling back to a two week high and the Australian dollar pushing a three month high well above 66 cents. Late night comments by Trump about potential sanctions against Ghyna are potentially making for a wobbly start on Asian share markets however.
Looking at share markets from yesterday where in mainland China, the Shanghai Composite closed 1% higher to 2846 points, with the Hang Seng Index gapping over 2% higher to fill in a lot of the rout from Friday, closing at 23437 points. This takes it back above previous firm support at the 23300 point level, signalling everything is fine in the rogue island for now but price needs to quickly get back into that rectangle pattern or this could rollover again:
