Last week, the Federal Reserve announced a hawkish 50bp cut, with Jerome Powell stating the US economy is strong after data beat expectations. Meanwhile, the unemployment rate surpassed the 36-month average - reaching levels previously seen during economic recession - and US home sales fell to their second-lowest level in 14 years.

In Europe, the German economic data is looking woeful and continues to fall, with chances of a technical recession increasing. Poland, however, is seeing strength as GDP per capita soars. In Asia, China's Tier-1 City Property Index is 28% off its highs, and Singapore and Taiwan's electronic exports are surging.

S&P and gold are at all-time highs. Brodie and Todd also discuss bearish diesel, AUDNZD yields, USDJPY, and more.

Key data releases this week:
Monday- U.S. flash PMIs
Tuesday - U.S. consumer confidence, RBA rate decision
Thursday - Core PCE inflation


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