Today's slide deck: bit.ly/372mCYwToday we discuss the safe-haven bets coming in again in gold and Japanese bonds after Trump's speech yesterday on the US-China trade war. Later in the session two important events will hit markets, 1) US Congress Impeachment Hearings and 2)US Fed Chair Powell to Adress Congressional Committee. We also discuss NZD given the unexpected no rate cut overnight from RBNZ, Italian equities, gold and natural gas. Today with John J. Hardy on FX, Ole Hansen on Commodities and hosting Peter Garnry on Equities.