JPM cuts their Q2 US GDP forecast to 2.0% from 2.5%…
Stocks are accelerating losses, now down 2.25%; Oil is toying with $100 and EUR/USD has fallen back to 1.4330 after what now looks like a miserable failure to break and hold the 50% retracement of the drop from 1.4940.
1.4295 is a pretty solid area of support on deeper pull backs. 1.4360/70 is now resistance.
