The below report consists of a market overview and insight into the equities, futures and derivatives markets, and FX speculative and deliverable markets.
* Hope versus Reality, seems pretty obvious but painful fighting the trend, bears smiling today
* US / EU trade tensions, rising COVID-19 cases and International Monetary Fund downgrades sees Equities whacked
– €3.1bn of tariffs to be imposed by US on EU…looks like a tit-for-tat exchange but growing!!
– Thirty-three US States show increasing COVID-19 numbers, whilst Latin America rising 25-50% in past week
– International Monetary Fund cut 2020 GDP to…