Macro Afternoon – Macrobence

Macro Afternoon – Macrobence

Asian share markets are generally higher but all the activity has been localized here on a very hot CPI print that has all but guaranteed an interest rate rise at the RBA February meeting. This kept the Australian dollar elevated but that’s more about the “Sell America” ​​trend as all undollars are dumping the “King” of currencies, although Yen had some stability in today’s session.

Brent crude is breaking out above the $66USD per barrel level while gold is on fire as it bursts through the $5200USD per ounce level in a blowout!

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