Even Nasdaq and Shanghai Composite Ease Back, Gold Ready to Break

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S&P 500, USDCNH, EURUSD, Gold Talking Points:

• The Nasdaq 100 charged on the open Tuesday, but this rally would neither last nor would it find much support from its local and global risk counterparts
• Between the reports of a second US government stimulus and the downgrade in the European Commissions 2020 EU growth forecast, EURUSD would not commit to a clear trend
• Gold has worked its way into a ‘break of necessity’ situation, but the dubious risk outlook and the rise of stimulus to devalue currencies doesn’t seem to inspire this anti-fiat benchmark’s outlook

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