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I’m No Chart Whiz, But About That Whole Reflation Thing…
Ok, so this comes with the usual caveat about me not being the chart wizard that some other folks are, but this is starting to look like a sh*t show from where I'm sitting in terms of the reflation narrative....
Since the Fed:
Long bond (30Y yield dropped below 3% on initial report of London terror attack):
USDJPY (dollar fell for a sixth day; USD/JPY dropped to 110.73):
Brent (-32c to end session at $50.64, below 200-day MA; price touched $49.71; first trades below $50 since November
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