Macro Morning: Waiting for Mario

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By Chris Becker

A boost in the ZEW German/EZ economic confidence print and continued support for an ECB printing press fervour tomorrow kept European stocks well bid. Oil fell over again and US stocks were mixed as USD continued to gain strength as gold looks like uncoupling as it approaches $1300USD per ounce.

It was green across the board in Europe even as the IMF slashed world GDP growth (especially Europe) with peripheral indicies getting the bid as the DAX consolidated at record highs:

Chart DAX30, H4, 2015.01.20 21:51 UTC, VantageFX Pty Ltd., MetaTrader 4, Real

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