May 2018

WTI rolled over (but RBOB rallied) this morning ahead of the EIA data which showed the biggest (surprise) crude draw since March but the biggest (surprise) build in distilates since Feb. US crude production rose once again to a new record high. Bloomberg Intelligence’s Energy Analyst Fernando Valle noted that…

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Spain is the next country set to test the resilience of southern Europe, after recent political convulsions in Italy battered global financial markets. Unlike Rome’s power struggle, where markets were fearful a fresh election could be framed as a de facto referendum on Italy’s role in Europe, Spain’s political drama hinges on a no-confidence vote…

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Gold needs to confirm recovery GOLD (US$/OZ) TVC:GOLD HelenRush Gold             is trading mostly in a recovery mode this week, with the price is getting closer to challenging the 200-DMA             at $1,307 once again. The metal closed above the $1,300 threshold yesterday, which open the way to further rebound…

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my performance this week British Pound/U.S. Dollar FX:GBPUSD EdgarMassawe USDJPY             short GBPUSD             buy GBPJPY             sell GOLD             sell is all going well!!!!! follow my trades and make more than 100% in a week

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Italy’s political turmoil could hit the continent harder than the Greek financial crisis and the Brexit vote, according to the finance minister of Latvia. A week of political turbulence in Italy saw dramatic repricing of the country’s assets and has triggered fears of market contagion across the entirety of Europe….

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Bitcoin lacks momentum Bitcoin / Dollar BITFINEX:BTCUSD fedorenkoalexei Bitcoin             fails to stage a meaningful recovery this week, with the price struggles to overcome the key immediate resistance at $7,500. BTCUSD             needs a clear break above this threshold in order to show a more sustainable upside bias, but obviously…

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Markets Remain Buoyed By Potential Progress in Italy US futures are trading flat ahead of the open on Thursday, with Europe mostly a little higher as negotiations continue to avoid another election in Italy. Not too long ago, a coalition government in Italy consisting of two eurosceptic populist parties was…

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The Canadian dollar continues to gain ground in the Wednesday session, after posting sharp gains on Tuesday. In the North American session, USD/CAD is trading at 1.2845, down 0.24% on the day. On the release front, Canada will release GDP and the US publishes Personal Spending and unemployment claims. It’s…

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The DAX has reversed directions on Wednesday and headed lower. Currently, the DAX is at 12,717, down 0.52% on the day. In economic news, Eurozone CPI Flash Estimate jumped 1.9%, above the estimate of 1.6%. Core CPI Flash Estimate improved to 1.1%, above the estimate of 1.0%. On Friday, Germany and the…

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