An ugly way to start off what is going to be an immensely busy trading week. We have the June FOMC as the key event risk this week, and a slew of macro data releases. Not to mention the increasingly volatile events of the UK referendum will certainly inject much more craziness in the markets.
Monday morning saw bad data from Japan and China with all indicators pointing to continued weakness in the world's second and third largest economies respectively. Japan's large manufacturing companies business conditions plunged once again for the second quarter in a row and is at 2014 lows. China's IP, retail sales and FAI all came in weak, with the latter 2 missing expectations.
Stay safe!
#Forex #Stocks #Trading #Investing #Money #Economy #Brexit #EUref #China #Japan #FOMC
Monday morning saw bad data from Japan and China with all indicators pointing to continued weakness in the world's second and third largest economies respectively. Japan's large manufacturing companies business conditions plunged once again for the second quarter in a row and is at 2014 lows. China's IP, retail sales and FAI all came in weak, with the latter 2 missing expectations.
Stay safe!
#Forex #Stocks #Trading #Investing #Money #Economy #Brexit #EUref #China #Japan #FOMC