Macro Morning

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Macro Afternoon

By Chris BeckerĀ 

Wall Street moderated its falls from Friday night as the latest ISM manufacturing print surprised to the upside, with bond yields lifting. Commodities however remain depressed with oil prices heading lower once more, alongside industrial metals and even gold, which had seem some benefit recently from the safe haven trade. Currency markets are still volatile with USD surging on the ISM print, but the Aussie dollar remains poised going into this afternoon’s RBA print.

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