A bit of a rehash from a JP Morgna note on Monday, reiterating bullishness, citing recent economic data, earnings reports, the prospect of a more accommodating Federal Reserve.
upside appears to be more muted than when we adopted this stance earlier this yearbut there remains material upside
JPM note risks:
Japan’s inflation datageopolitical developments that can impact oil pricesUS electionFederal Reserve commentary changes weak seasonality
This article was written by Eamonn Sheridan at www.forexlive.com.
