Macro Morning (oil blows, gold shines)

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floor collapse
by Chris Becker

Another collapse in oil prices overnight (I’ll have a closer look later) saw US stocks tumble following a sanguine session for Europe with no significant data releases overnight.

Speculation continued regarding the ECBs QE program, with an interesting note out of RBS telling its clients to “buy everything” before the 22nd January meeting outcome. The barometer of European sentiment, the DAX30 finished up 1.4% but fell alongside US stocks in futures trade:
Chart DAX30, H4, 2015.01.12 21:28 UTC, VantageFX Pty Ltd., MetaTrader 4, Real

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