Macro Afternoon – Macrobence

Macro Afternoon – Macrobence

Asian share markets pivoted around inflation prints and other macro news as the chaos from Davos dies down although the TACO trade remains in play. The USD remains under pressure against almost all major undollars particularly antipodean with the Australian dollar pushing through resistance to head above the 68 cent level while bond market stress in Japan is keeping a focus on Yen valuations.

Brent crude is easing to just above the $64USD per barrel level while gold is on track to hit another new historic high as the $5000USD per ounce level comes into sight:

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