There were two important announcements after the 2-day OPEC meeting at the end of last week.
Global Events News & Articles
On Saturday evening, December 1 in Buenos Aries, Argentina, the Presidents of the United States and China dined together and discussed trade.
The Chair of the U.S. Federal Reserve said two words on Wednesday that comforted markets when describing how far we are from a neutral Fed Funds rate.
Since its decline of 23% that began at the end of May and bottomed in the middle of August, copper has recovered about 11%, and now sits about 8.5% above those August lows.
A potential "technical" agreement has been reached over the Brexit. However, Prime Minister Mays has scheduled a meeting for today to convince her cabinet to accept the deal. Will there be resign
The United States reported real GDP growth of 3.5% on Friday morning, a number slightly ahead of expectations and seemingly in line with the Federal Reserves current thinking.
As mentioned last week in the analysis of the USDCAD, price found resistance at the 1.3200 level and has moved back down. Currently there is a line of white dots at 1.3038 and an ATR on the daily
Although British Finance Minister Philip Hammond claims that a no deal Brexit will seriously hurt the UK economy and has forecast that 10% of the GDP would be wiped out, Prime Minister Theresa May
The Kansas City Fed and its President Esther George are hosting their 42nd annual economic symposium in Jackson Hole, Wyoming this week.
On Jan 2nd of this year, the USD/TRY (Turkish Lira) stood at 3.79082. As of this writing, it stands at 5.81056, having gone as high as 7.08310.
The summer markets are always less than ideal trading conditions.
These days, the issue facing most markets on the international stage is the ongoing saga of trade. On the campaign trail in 2016, U.S.
We may finally be getting a little rebound in the Eurozone. Apart from Germany, much of the data coming out of the EU has been soft and getting softer.
The impact of this week's market reports kicked off with the British Pound early Monday morning when their Manufacturing Production (m/m) was released at 4:30 am EDT. Although the forecast was exp
In the last 8 days traders have seen major market moves in the GBPJPY moving over 145 pips six out of either days. This includes a 240
After touching muti-month lows earlier in the week, the euro has seen a mild rebound in global forex markets over the last 24 hours.
The Brent/WTI spread is a critical part of the supply and demand chain for crude oil.
Gold has had a pretty good couple of days. It is up 4 of the last 5 sessions and has made back more than 50% of the big down move on May 15th after the announcement of a U.S./North Korea summit.
Crude oil prices have risen +18.9% in 2018 and +174% since the February 11th, 2016 swing low.
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President Trump announced in a televised address yesterday afternoon that the U.S. would be pulling out of the Joint Comprehensive Plan of Action, better known as the Iranian nuclear deal.