Gold is now down over 10% from pre-Trump highs (to 9-month lows). USDJPY has jumped back above 107.00 (to 4-month highs), extending its move to a stunning 6 handles since Trump's victory lows. After being closed on Friday, Treasuries have opened notably lower (with 10Y yield up over 5bps, breaking above 2.20%) and US equity futures extend gains with Dow up over 80 points.
China weaknes Yuan again…
- *PBOC SETS YUAN FIXING AT WEAKEST SINCE SEPT. 2009
Gold is now down over $120 from pre-Trump highs, looking set to retest $1200…
Gold near 9-month lows…
USDJPY spiked above 107.00 stops…
Leaving Yen at its weakest in 4 months to the dollar..
Dow Futures are now up almost 1500 points from Trump lows…
Sparking more selling in Treasuries… pushing 10Y yields above 2.20% for the first time since Jan 8th…
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