Early Market Update and a Preview of the GDP Data.

in #market8 years ago


In this report I cover the early market action from London on Friday, July 27th, 2018. I look briefly at the precious metals, the stock market, the dollar, the oil price and the bond market.

I also preview the release of the U.S. Q2 GDP data later on today at 08:30 am EDT. I note that a higher than expected number could drive the 10-year treasury yield back above 3% and this could be a significant move for the overall markets.

I note that the price action in bitcoin looks like a pullback to retest the breakout a few days ago above the $7700/7800 are and that we should find good support around that area. Pullbacks are normal in breakouts and my conclusion is that bitcoin and the other cryptos should resume their move higher soon.

To conclude my report I look at an article written by Brandon Smith about the Fed and the the globalist agenda. I summarise Mr Smith's views and give my own opinion on what could occur as far as the Fed and the Globalists are concerned.

"Trump Vs. The Fed: America Sacrificed At The NWO Altar" by Brandon Smith: https://www.zerohedge.com/news/2018-07-26/trump-vs-fed-america-sacrificed-nwo-altar


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Good morning maneco64, great report as usual and yes the zerohedge article could be right? a big gauge to a lot of this is
(and i am sure you know) is what deal comes out of this brexit? a no deal? which is what i think will happen? would leave maybe all the cards still on the table as regards the city of magna carta and that is the way they always like to play it, as regards the us? i will leave that to the much more learned views and experienced excellence like your good self, have great weekend my friend and a sub par round if your venturing out :)

Hi Andrew, Have a great weekend as well and try to stay in the shade!

Hi Andrew, Have a
Great weekend as well and try
To stay in the shade!

                 - maneco64


I'm a bot. I detect haiku.

I tried both channels to watch the video unfortunately neither work at this time, but I do like to watch your daily reports.
Maybe it will work later, I’ll go read zerohedge to see what article you were referring to, only could listen to the first, maybe 15seconds and it keeps freezing.
Have a great and blessed day!

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@timuann self votes are being countered by @sadkitten for 1 week starting Thursday, July 26th 2018 because they are one of the highest self voters of the previous week. For more details see this post.

fabulous one

something new from your post
i am waiting for the next

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