Monday's equity rally was another confirmation that the year's dominant market worry is the trading relationship between China and the US. Improved relations and detente over the past 2 days have led to a rally in risk assets with the Australian dollar being the top performer and the pound trailing. Earlier today, BoE's Carney reiterated that interest rates will rise at a timid pace, while USD broadens selloff. Silver and the ppund are the highest gainers since Tuesday's Asia open. The DOW30 Premium was stopped out at 25050 (High was 25085). Yesterday's trade is +70 pips in the green.

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