Chart of the Day

“Every morning in Africa a gazelle wakes up and knows that it must run faster than the fastest lion or it will be killed. Every morning a lion wakes up and knows that it must run faster than the slowest gazelle or it will starve to death. It doesn’t matter whether you are the lion or the gazelle, when the sun comes up, you better start running.” – African Proverb
The main even risk for today and into the weekend remains on Trump and the apparent announcement of $50 billion in tariffs on China. Talk is of immediate retaliation too. If announced post market close, then we could be in for a sporty Sunday open. Don’t forget that we’ll also likely start to get bombarded with headline flow from the Central Bankers Sintra Meetting.
Today we will focus on what yesterday’s DXY move means in terms of the bigger picture: emerging markets, commodities, Asian focus and more…
Note for active 50Scouts members: *make sure you read out latest update* and keep an eye on your inbox for a free pass to Friday’s daily webinar session (make sure to check your spam folder too).
As always, there is no substitute for real-time/live action; if you are interested in attending a daily morning call into NY with a more detailed live discussion on all the charts and ideas we highlight/review in the outlook video and here on the blog, you should check out our Daily Webinar Group.
Wishing you a great day ahead.

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