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Visualisation in Excel of current market situation: Built using https://www.excelpricefeed.com  

"...an inverting yield curve and weak June manufacturing data across the globe have divided analysts on whether or not a pullback is due. DWS forecasts a “moderate cooling of economic activity”, but J

Overnight remains risk off. Indices and Oil down. Gold and Bonds up with Bonds just pulling back. Today not much on the calendar so it's all about the virus. 

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Mostly blue except USD after FOMC, the biggest laugh came when Powell said he wasn't expecting a rate cut til 2020, the expectancy of a cut in July immediately jumped from 80% to 87% and was 100% within the hour. 

Chart of the day is China 300 up 3%.

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Gold stopped at prior high 1440, Oil caught at 56. Asian indices down, Bonds up Crypto up.

EU, UK and US PMIs and the ADP nfp this afternoon has had a good run recently at forewarning of Friday's NFP numbers, 140k expected.

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"...an inverting yield curve and weak June manufacturing data across the globe have divided analysts on whether or not a pullback is due. DWS forecasts a “moderate cooling of economic activity”, but JPMorgan sees an 8% upside to the S&P 500 if a trade deal is agreed with China."

 

knowing trump all this rhetoric is just hot air.

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