Yen Bulls Take Note

🇯🇵 🇯🇵 Yen Bulls Take Note: The BOJ has a long way to go before it raises short-term rates, according to Deputy Governor Shinichi Uchida
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Thailand: Get Ready For Thaksin Backed Party

🇹🇭 🇹🇭 BREAKING: Pheu Thai, a party linked to former Premier Thaksin Shinawatra, said it’s cobbling together a new coalition to form government and will nominate property tycoon Srettha Thavisin for the prime minister post
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US Rating Downgrade: How To Profit

🇺🇸 🇺🇸 Fitch Ratings cut the United States’ long-term foreign currency issuer default rating to AA+ from AAA. This action in reality presents an opportunity insteasd of panic
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Watch Gold Closely

🚨 🚨 The last time the US rating was cut exactly 12 years ago, after Standard & Poors cut the US to AA+, the big winner was gold, which rallied and continued to rally afterwards, hitting eventually what would be a long-term high
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Oppenheimer Joins The Bullish Camp

🚨 🚨 Oppenheimer Asset Management raised its year-end S&P 500 (SP500) target to 4900 on Tuesday, arguing that opportunities in the equities space currently outweigh the risks at this time
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China’s Manufacturing Drops To Six-Month Low

🇨🇳 🇨🇳 China’s Caixin manufacturing PMI fell to a six-month low of 49.2 in July, worse than estimates and entering contractionary territory for the first time since April
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BP’s 2Q Profit Plunges

🇬🇧 🇬🇧 BREAKING: Oil major BP reports steep drop in second-quarter profit on lower energy prices
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