Macro Morning

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By Chris Becker

The expected rebound in risk continued last night after the usual weekend gap, with US stocks surging around 1% as the US dollar weakened. With no major economic data releases last night, there weren’t any catalysts to upset the rebound following this months QE-ending correction on risk markets.

The S&P500 finished above 1900 points, first after following a weaker European lead, making a new three day high:

Chart SP500, H1, 2014.10.20 20:54 UTC, VantageFX Pty Ltd., MetaTrader 4, Real

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