EURO is at an important historic moment, peace in Ukraine rally, or de-industrialisation demise? We are short, but will be quick to go long break of 1.0960. US AUS Stocks are due a relief rally, likely modest, but in particular the Australian outlook is not good. Fed does not know itself, will likely hike rates this year, no cuts. Gold has come a long way, we enjoyed the ride, but is looking tired near term.

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