Tag Archives: #russia

Dec 5, 2017 – Weekly Commodity: OPEC delivered extension now focus turning to US production & inventories

Mr Price Action/ December 5, 2017/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

Commodities had a bad week caused primarily by correction in metals which couldn’t be compensated by slight bounce in Energy and Agriculture. The OPEC delivered extension of the production cut as the market expected, however as this was already priced in there wasn’t enough buying power to take prices to new highs. As the huge rally from the end of

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Nov 21, 2017 – Weekly Commodity: Crude trader’s focus back on fundamentals, oversupply

Mr Price Action/ November 21, 2017/ Charts, Charts Posts, Weekly Charts, Weekly Commodity, Weekly Notes, Weekly Notes Posts/ 0 comments

After a week of increased uncertainty following the anticorruption crackdown in Saudi Arabia, the focus is re-shifting toward fundamentals again. A Tuesday sell-off was triggered by the IEA monthly report where the agency reduced its’ global demand forecast by around 100k bpd in contrary to the last OPEC Monthly report from a day earlier. The bears got some additional support

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July 28, 2017 – Market Update (Bad day for Trump – no Russia sanctions, no VAT, no BAT, no Obamacare repeal, EURUSD hitting strong multiyear resistance zone, USDJPY played by expiring options today, US GDP to surprise, NASDAQ down on rotation out of Techs, Apollo rising USD 25 bln)

Mr Price Action/ July 28, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia lower on risk off Europe opening Mnuchin to support steps not tough talk against FX manipulators As it hasn’t been working for years Senate rejected new sanctions against Russia Not even watered down Obamacare repeal bill can pass through Senate Another huge blow to Trump after no VAT and BAT implementation Those two got rejected due to the need to overhaul the whole tax

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July 12, 2017 – Market Update (All about Yellen today, Merkel flying EUR high, Siemens chasing their turbines, Chinese banks another opportunity, Trump and Russia again (but Junior this time), 10-yr Bund yields jumping above 0.60% mark)

Mr Price Action/ July 12, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Europe opening higher Trump Jr – Russia blow here but markets focus on Yellen Trump administration constantly distracted, not focussing on proper work Gary Cohn Trump’s candidate to replace Yellen Fed’s Mester likes taper sooner rather than later Merkel putting pressure on ECB to raise rates JPM’s Dimon – taper can caught people by surprise Chinese media speculations – PBOC should widen the 2% CNY daily trading band Funds kept

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June 27, 2017 – Market Update (US 30-yr Trys yield flatening further, EURUSD stuck within 1.11-1.1300, Gold flash crashed, long specs reduced while keeping the bullish bias on political uncertainity, Mkango to lauch rare-earth production in Malawi, Alibaba’s Best to do delivery services, Alphabet + Avis, Apple + Herzt)

Mr Price Action/ June 27, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia up on expectations of Yellen confirming later today one more hike this year Europe opening lower Trump’s small victory (finally something) as Supreme Court made some parts of travel ban applicable Trump-Modi (India) meeting was full of socializing China-Canada agreed not to perform cyber attacks on private businesses to steal trade/confidential info Fed’s Duddley sees

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June 8, 2017 – Market Update

Mr Price Action/ June 8, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia mixed Europe opening higher Oil was heavily hit by strong rise in US inventories and products amid OPEC efforts to cut production/supply According to Comey’s prepared statement Trump asked him to drop an investigation of Flynn But nothing new what would surprise markets Markets getting ready for ECB, Comey, UK elections and Qatar/N. Korea mess

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May 26, 2017 – Market Update

Mr Price Action/ May 26, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia down as OPEC disappointed the market by not delivering what traders hoped for Cut extended for 9 and not 12 months, expected deeper cuts Oil was down 5% and still heavy today Europe opening lower   Risk off continues on OPEC, lower yields and dovish Bullard (inflation worrisome, Fed aggressive) Looking forward to balance sheet

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May 25, 2017 – Story of the week: OPEC meeting – few thoughts and what to focus on today

Mr Price Action/ May 25, 2017/ Story Of The Week/ 0 comments

  There is a lot in stake for OPEC during today’s meeting in Vienna – Austria, for all participants. Some of the OPEC members have more to lose than others but at the end everybody needs to keep oil prices higher, the main reason is that their government’s budgets are highly relying on oil income. The equation is very simple:

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May 11, 2017 – Market Update

Mr Price Action/ May 11, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia up on stock markets gains led by rising energy sector Trump falling deeper into the election scandal orchestrated by Russians An impeachment coming at certain point…? Or at the best the tax and biz reforms being delayed…   Six Canadian banks downgraded on ongoing concerns about expanding levels of private-sector debt across the country And

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Apr 12, 2017 – Market Update

Mr Price Action/ April 12, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia on a safe side on geopolitical risks, JPY, gold and VIX up Europe opening higher Kuroda – BoJ easing for price stability and not to target FX levels Will keep going with easing to reach 2% inflation BoJ reduced 3-5 yr bond purchases Xi sent a message to Trump to solve the situation in North

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