#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❗
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.
When countries deny their imbalances, currency is the first symptom