Dean Popplewell | Oct 21, 2013 07:51AM ET
This week the market is playing catch up. A plethora of missed US fundamental releases now get to see light of day beginning with tomorrow's non-farm payroll report. Investors are eager to get their feet wet now that the US fiscal crisis has been temporary been put on hold for a few months at least. Currently, asset classes are straddling some significant key levels helped by the last minute deal in the US to avoid a debt default, lifting the tension brought by the 16-day stalemate. By clearing the worst of the fiscal hurdles there is little on the immediate horizon to derail the global equity rally – however, maintaining the dollars collapse may not be so easy a question to answer.
Currently, the removal of the twin risks of a Chinese hard landing and Fed tapering is providing a significant positive backdrop for risk markets. A strong employment report tomorrow, with positive revisions, will again have investors questioning the possibility of a December taper.
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