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Gold Loses $1300 As Stocks, Peso Soar After Comey Clears Clinton (Again)

Sunday, November 6, 2016 18:30
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The first reactions to Comey’s re-bombshell were in currencies with the Mexican peso soaring back below 19/$ and USDJPY spiking to 104.00. Equity futures spiked on the open with Dow soaring 200 points back above 18000…

It appears the rumors were correct on Friday…

Notably the initial spike down in USDMXN is being bought back a little for now…

USDJPY knee-jerked back above 104.00 (one week highs) as risk-on bets piled up…

Implicitly the yen carry move squeezed a relief rally into US equity futures… Dow +200

Nasdaq Futs broke above their 100DMA at 4711…

But while the peso has unwound all of the post-Comey crash, stocks are still down (for now)…

And Gold dropped back beow $1300…

But gold remains the biggest winner post-Comey…


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