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Oil barely budged on Friday as OPEC agreed to extend oil supply restraint until the year-end.
OPEC’s in a quagmire however, foreshadowing disappointment for oil bulls counting on the group and its allies extending output curbs by nine months, according to Goldman Sachs Group Inc.
Saudi Arabia’s proposal to prolong cuts from their current expiration on March 31 through to …
The fact of the matter, when you sort
WHAT A WEEK !
In the same very week, US Congress passed the biggest Overhaul to US taxation in 30 years, lowering corporate taxes from 35 % to 20 %, OPEC agreed on extending their output restraint until the end of the year, special counsellor Mueller indicted Lieutenant General Flynn in the Russiangate affair and Korea fired another intercontinental ballistic …
Within a span of minutes Friday, bond traders had to put on the back burner just about everything they were focused on heading into the home stretch of 2017.
Deliberations over how many times the Federal Reserve will tighten next year, and how many Republican senators were on board with the GOP tax plan suddenly seemed irrelevant for Treasuries.
The …
U.S. President Donald Trump has asked Congress for an initial $7.85 billion for Hurricane Harvey recovery efforts, the White House budget director said on Friday, adding that failure to raise the budget ceiling may hinder disaster relief spending.
In a letter to U.S. House of Representatives Speaker Paul Ryan, White House budget director Mick Mulvaney said the request included $7.4 …
Despite the strong desire of hedge funds to maintain the EUR at elevated levels for their august close, the US Dollar has definitely bottomed out and is ripe for a major reversal as can be seen from the three top charts above.
Worries about a US economic slowdown have been quashed last week by the strong revision of the US
US individual investors have become raging bulls.
“Friend,This is big!
Knowing when to buy a market is very important. Based on my research this market is on the verge of a huge rally and I believe this would be a perfect buying opportunity.
The last time I saw such a strong buy signal the market rallied over 1000% and …
US Sentiment report shows the bears sank a little bit more, setting a a two-year low.
The summer rally is well advanced and the current reading of 16.2 % bears could indicate that at a correction is at hand in the US, knowing that August and September are usually the worst months of the year.
The chart above ( sentiment …
Us bond yields have been falling over the first half as investors were encouraged by weak economic momentum and subdued wage inflation despite strong employment figures.
However, last week’s price action also indicated that we may be reversing the trend of the first half.
US 30 year bonds are very close to breaking the long term downtrend in bond yields …
The first half fo 2017 was an eventful period for commodity traders.
OIL fell 14 % over the half year, losing back almost all the ground gained since the OPEC agreement in December. The 7 % rise of last week akin to window dressing as oil companies and traders alike are long the commodity and do not want to …
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