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.

JP Morgan says last week was reinforcement of bullish stance

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