Macro Morning: Markets yellin’

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By Chris Becker

Another green day across markets in Asia has again translated to gains in Europe and the US as Fed Chairman Janet Yellen testified in Congress last night kept the party rolling followed by a poorer than expected consumer confidence report that took a little wind out of risk’s sails.

In Asia, the Nikkei is starting to get a bit frothy again, with daily ATR falling as momentum heads to seriously overbought territory. It finished up 0.75% again while the ASX200 scratched a 0.25% gain:

Chart Nikkei225, D1, 2015.02.24 21:51 UTC, VantageFX Pty Ltd., MetaTrader 4, Real

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