Global PMI is dipping, Rate adjustment needed

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IN addition to what we reported yesterday regarding rates

 

A few key pointers to the developing situation in global macro section.

globalpmi
The Global PMI is a sea of red in July. This is a remarkable change from the green last year.

globalrate vs pmi

The GLOBAL PMI  marked as a live vs the rate in different economies show that central banks need to quickly adjust to the changing reality on the ground

german auto

The eu auto and parts index has now broken below the 2012 lows when QE was launched. This is a desperate situation as auto cos are unwinding at faster clip than before.

btc

Bitcoin charts show it is setting up for a good period of rise if last years trend is any cue.

 

 

TRADE COPIER

QUANTO fx system is running currently USDCAD and USDJPY trades. Overall returns for August has risen to +17%

Returns rise over +17% in august.

Overall returns now stands at 103% and rising.

 

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