By Tanya Rawat
As I stated start of the week, as expected Gold’s jumped a massive circa 1% to $1352/oz levels, while the Euro is markedly stronger as well at 1.2350 handle primarily due to US 10 Yr Tsy’s moving back up to 2.65 levels after taking a breather at 2.61 levels. FTSE continued to get smacked on a stronger pound, which is comfortably sitting above the 1.41 handle. On the back of a massive swing up on the Tsy yields, the Dollar weakened and seems headed to 88 as discussed in the last post and the Japanese Yen towards 108 handle. Watch the equity space take a cue from this.
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