China making its first move towards QE. Will FED follow?

China pretty much surprised the world by cutting interest rates, in order to support its economy.

While they likely will not have a big impact on the markets, it's good to see the first move from the other side of the world.

More cuts from China are expected in the upcoming months, especially since the long awaited FED might start cutting rates as well in September.

There could even be a surprise cut from the FED in July, if Q2 GDP and Core PCE comes lower than expected.

From a dollar perspective, Global Liquidity decreased by $598B during last week.

Despite the slight decrease, our RoC remains bullish. This suggest a fundamental driven uptrend in the upcoming weeks/months.

Bitcoin surged last week from 59k to 67k, after we posted our Liquidity Oscillator going positive.