Daily Morning Call

From the Floor: Chinese stocks rebound, but bears remain in control

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August 07, 2018 commodities, fixed income bonds, forex, fx, home.saxo, morning call, saxo bank, saxotrader, saxotradergo, technical analysis
A risk-on rally overnight saw Asian, and particularly Chinese, shares rise higher but the region remains vulnerable to trade war developments with bears in control of the overall trend.

   • USDTRY tops 5.40 overnight as Turkish officials head for Washington
   • AUD firm but not especially supported by overnight RBA meeting
   • Chinese stocks bounce overnight, but region remains vulnerable
   • Crude oil drifts higher as first round of US sanctions on Iran kick in
   • Copper strike threat at world's largest mine on hold
   • S&P 500 rally looks set to test all-time high