With just minutes until the European close, US equity and bond markets are puking back earlier gains with Nasdaq is in the red now on the day (after being up almost 3% in the pre-open)… […]
By Simon Watkins of OilPrice.com Saudi Arabia stopped being an ally of Washington the moment it began the 2014-2016 Oil Price War with the specific intention of destroying the then-nascent U.S. shale oil industry, as […]
Authored by Steve Watson via Summit News, In an insane segment on MSNBC Sunday, disgraced former FBI official and rabid anti-Trump lunatic Peter Strzok described the September 11 2001 terror attacks, which killed thousands of […]
Oil markets are drifting sideways this morning after the Biden administration plans to release 10-15 million barrels of crude from the Strategic Petroleum Reserve in a bid to suppress gasoline and diesel prices at the […]
By Ven Ram, Bloomberg markets live reporter and analyst Now that we have had yet another set of numbers that show inflation and inflationary expectations cocking a snook at policy makers, the Fed has duly […]
Concluding the big banks’ Q3 earnings reports, some of which were disappointing (MS), some were mediocre (JPM, Citi and Wells), and some were spectacular (BofA), moments ago Goldman Sachs reported a 43% Y/Y drop in […]
After falling for the 3 of the last 4 months, US Industrial Production was expected rise modestly in September. Instead it surged 0.4% MoM (considerably more than the +0.1% exp) and August -0.2% was revised […]
The Japanese Yen appears to be inexorably drawn to the Maginot Line of 150/USD as for the third time in less than a month, Japan’s ‘yentervention’ failed overnight. As we detailed before the Asian […]
By Scott Skyrm, Executive Vice President at Curvature Securities If you can answer two questions correctly, you might have a unique insight into the direction of monetary policy over the next few years. Does the […]
On Monday the European Union announced that it has approved a military training mission for thousands of troops that will take place in Europe, along with almost $500 million more for arms purchases. The purpose, […]
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