Eurozone, Japan And China Are Slowing Down

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#JAPAN JUN PRELIMINARY PMI MANUFACTURING: 53.1 V 52.8 PRIOR
*Export orders index declines for first time since Aug 2016 in a warning sign about overseas demand❗
*Link: bit.ly/2K6u9K0

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COPPER: down -17.5% in 2018, the Chinese have not been able to centrally plan this market price higher = Bearish TREND @Hedgeye #reiterated

Emerging currencies weakness persists.

The fall is directly proportional to the aggressiveness of their nations’ fiscal and monetary policies.

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When countries deny their imbalances, currency is the first symptom

 

h/t @dlacalle_IA

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