Updated: Jul 7, 2019
Non-farm payrolls data taking the big stage on Friday at 1330BST/0830EST.
This data will be trend defining, as markets further decide and price in if and how much the FOMC are going to cut rates by.
Every piece of weak data from the United States, sees the market further pricing in cuts to the interest rates, anticipating action from the central bank.
Second tier data has even been influencing market decisions, that is just how sensitive things are right now.
Stocks rallied in rate cut hopes growing further, fed funds futures now show around 30% chance of a 50BPS cut from the FOMC, with a 100% chance of a 25BPS cut this month.
Everything is so very choppy in the market right now, it is critical to stay on top of fundamentals themes, which we do at Freak Network daily.
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