Macro Morning

By Chris Becker 

Risk markets are still in a holding pattern awaiting the Federal REserve latest interest rate meeting, with the focus on German unemployment – spiking unexpectedly – and US GDP growth which disappointed looking through the headlines. A big reversal and increase in oil inventories sent both WTI and Brent down to weekly lows, while on currency markets the USD fell back on the GDP print but gold and Bitcoin remain depressed.

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