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The reins are pulled on the risk recovery with equities on the brink of a breakout
We still see the development of a constructive outlook for risk appetite in the market. This has driven equities strongly higher early this week. This risk acceleration has just had the reins pulled slightly early today as Treasury yields have just pulling marginally lower and the dollar has reclaimed some of yesterday’s lost ground. However, it is interesting to see the Australian dollar holding up relatively well (which would reflect a broadly improved risk environment), whilst we are also seeing gold continuing to correct back. Wall Street sits on the brink of a breakout to multi week highs and with futures ... (full story)
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