Macro Morning

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Australian dollar falls, ASX bids into the depression

By Chris Becker 

The dead cat is now in hover mode as Wall Street was unable to translate epic gains in Asia then Europe into anything substantial, with the NASDAQ actually retreating slightly despite the substantial stimulus packaged passed by Congress.  While the USD retreated slightly against the majors, gold suffered a small pullback after its two day surge, with 10 year Treasury yields pulling back below the 0.8% level again.

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