Macro Morning (Trading Week)

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By Chris Becker 

Only a week after an impressive NFP and stock markets continue to roar upward in response, with a mid-week shake out for the USD on the back of a weaker CPI print the only fly in the ointment. Oil prices continue to soar higher on the reaction to the Trump dump of the Iranian accord while corporate earnings in the US continue to provide more upside surprise.

It should be another bullish week here in Asia with the only local catalysts being Japanese GDP data on Tuesday with Australian jobs data on Thursday, while the other report to watch out for is European GDP data on Tuesday night.

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