In spite of a fourth bearish report in a row, oil continued to be met with a wall of buying. Meanwhile, gold appears to be taking a breather from its meteoric rise over recent days.

• Despite the fourth bearish report in a row oil continued to find buyers
• Goldman Sachs anticipate oil inventory buildup will slow come March
• Gold is taking a breather having hit highs of $1,243 yesterday
• Significant rally in bonds on both sides of the Atlantic
• French sovereign spreads contracted as Le Pen remains significantly behind
• Investors still flocking to bunds amid Greek uncertainty and Dutch election nerves
• Royal Bank of New Zealand dovish last night leaving rates unchanged
• Nikkei down overnight ahead of Abe's meeting with Trump on Friday