Martin reaffirmed his views of political instability affecting nation state's status quo. He described equity action as a sideways grind with the big show to the upside to commence next April. He said that this Euro bounce should be temporary and his year end number for Crude Oil is $35. His war cycles are heating up and said the Turkish downing of a Russian jet is an example and added it was a "Stupid" act.

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AUD/USD advances towards 0.7150 post-upbeat Aussie CPI

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Gold attempts bids amid coronavirus woes-led risk-aversion, as the bulls fight back control amid a sell-off in the US Treasury yields, triggered by the coronavirus concerns-induced risk-aversion. The benchmark US 10-year Treasury yields drop further below the key 0.80% level.

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Both the US stock futures and the government bond yields are flashing red on renewed coronavirus concerns and fading prospects of additional fiscal stimulus deal. Coronavirus concerns weigh over risk sentiment and boost demand for safe havens.

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