Summary: Just as we thought risk was headed lower things have reversed across equities with US technology stocks extending momentum and Chinese equities jumping higher again today reaching highest levels since 2015. Gold has staged a strong and convincing breakout of the 1,800 level with lower real yields and rising uncertainty over COVID-19 outlook driving the momentum. EURUSD is also higher with the 1.1400 potentially in sight and especially if we get strong initial jobless claims. Today with Peter Garnry on equities.
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