JP Morgan says last week was reinforcement of bullish stance

August 20, 2024
-FCHFX

August 20, 2024 at 12:29AM
A bit of a rehash from a JP Morgna note on Monday, reiterating bullishness, citing recent economic data, earnings reports, the prospect of a more accommodating Federal Reserve.

upside appears to be more muted than when we adopted this stance earlier this year

but there remains material upside

JPM note risks:

Japan’s inflation data

geopolitical developments that can impact oil prices

US election

Federal Reserve commentary changes

weak seasonality

This article was written by Eamonn Sheridan at www.forexlive.com.

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