Macro Morning

By Chris BeckerĀ 

Some calm returned to risk markets overnight, but its all relative, with oil shooting 20% higher on shutdown rumors from an already overly depressed level. Stocks did well in Europe and stumbled a little higher on Wall Street while in currency world, its still all about the King, as gold slumped to a new monthly low alongside Euro, Pound Sterling and the commodity proxies although Aussie had a little (sic) blip higher on the RBA move yesterday.

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