Judging from the Bullish rush in the Euro the global reflation trade is back on. Investors are piling into risky asset to capture real returns, driving inflows into equities (relative growth over value) and EM. Tomorrow fed meeting is unlikely to shift the current markets psyche also a minor, short term correction in USD oversold positing is possible. Commodities prices have continued to move higher lead by Crude Prices. OPEC meeting today failed to indicate additional supply cuts yet crude prices remained bullish.