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Munich
Sunday, August 1, 2021

Mixed risk tone as we start the week

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Mixed picture

The USD holds its strength from last week and keeps the majors pressured

Mixed picture

Gold has a very small bounce along with copper, but heavy looking markets on all that USD strength. Oil finding its own drivers with inventories low and demand looking good for 2H

BondsBond Yields lower
Equities

Equity futures pressured and VIX moving higher – watch out for further equity selling

S&P500

In the currency space the NZD and CAD finding strength too at the moment, so mixed risk tone out there. 
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