Thursday, January 30, 2014

A Better Night For Risk As Stocks And The Aussie Rise But Gold Got Smacked

Turning quickly to the data the preliminary US Q4 GDP printed 1.3% for Q4 which is pretty good all things considered and personal consumption during the quarter rose 0.7%. Both data suggest the economy has entered 2014 with genuine momentum but the big 8.7% fall in pending home sales last



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