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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

COMMODITIES

Both WTI and Brent oil rallied well Tuesday, posting gains of over 2% apiece as risk appetite returned to global equity markets. Supportive factors also included further bullish forecasts from a number of sell-side institutions, most notably UBS and Goldman Sachs. This narrows the gap well with the early 2020 highs in WTI crude futures at $65.65/bbl.

Volatility in precious metals markets continued Tuesday, with Silver's rally fully reversing to correct back below Friday's close. This came as a result of Silver's 9% pullback. Weakness in silver carried through to gold prices, which hit new weekly lows at $1829.62.