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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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Indices up on news of FED company bond buying. Oil down a touch this morning after an up day. Gold up a touch this morning after a down day. Bonds down.

US retail data at 1:30pm plus indy prod at 2:15pm expected up 3%. Powell testifies starting at 3pm.

USD and JPY down.

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17 minutes ago, dmedin said:

What does all them wiggly lines mean?

Each currency is colour coded as per the time frame tables.

On the H4 chart JPY (yellow) is the strongest but is starting to turn down, and GBP (dark blue) is the weakest. Matching a strong v weak currency should show trending on the price chart, crossing and diverging currencies could mean the start of a new trend. 

I've not yet decided which time frame to base the chart on. The daily gives more detail but lags compared to the H4.

What do you think?

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Not much movement over the weekend. Indices and Bonds mixed. Oil down and Gold up.

Today Ger consumer prices at 1pm. Watch out US NFP this week on Thursday and US July Bank Holiday Friday.

EUR up, USD down.

 

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