Macro Morning

By Chris Becker 

Friday night saw the return of US traders to their desks and waited for any news about the ongoing US/China trade negotiations, with a mild risk-off session the result. Wall Street didn’t make a new record high – shock and horror – while bond yields fell as markets price in a near zero chance of another rate cut from the Fed in December. The USD lost some ground, with gold firming slightly, while oil prices took a big reversal on concerns OPEC won’t extend production cuts.

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