Macro Mondays Live | Japanese Stock Crash & Bitcoin Sell-Off

World of Oil Derivatives

Macro Specialist James Brodie and Direct Trader James Todd weigh in on the macro markets’ moves over the past week on the back of the data released last week including central bank rate hikes and cuts, U.S. ISM manufacturing and serviced data and U.S. employment data.
U.S. employment data was weak, with only 114000 jobs created in July and unemployment sitting at 4.3%.
Japan also had its biggest crash in stocks since Black Monday of 1987 with the repercussions of this affecting the Korean market as well.
Looking to commodities; Copper is trading at its lowest level since March, with Hedge Funds having their biggest net-short position on commodities in 13 years and Gold support at 2,380 and resistance at 2,468.
James and James discuss the recent sharp sell-off of Bitcoin and China heading into deflation.
The key data to look out for this week is;
Tuesday; US PPI, Japan CPI & PPI, UK wage growth
Wednesday; US CPI
Thursday; US jobless claims, Philly Fed, retail sales, Japan GDP, UK GDP
Friday; US consumer sentiment, UK retail sales
#Bitcoin #Japan #Japanesestock #stockcrash #Korea #unemployment #employment #macro #macronews #finance #SP500 #inflation #deflation