Tag Archives: #Saudi

June 5, 2017 – Market Update

Mr Price Action/ June 5, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia mixed Europe opening higher Saudi Arabia, Egypt and Bahrain cutting diplomatic ties with Qatar over support of Iran (Islamic Brotherhood and Hamas) Pushing oil more than 1% higher All of that coming after Trump’s visit and security threats (banning travellers or notebooks on the planes) Russia sees oil down to USD 40 UK – attacks

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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 19, 2017 – Market Update

Mr Price Action/ May 19, 2017/ Market Update, Market Update Posts/ 0 comments

  Short recap   Asia mixed on strong US data but political turmoil Europe opening higher Risk off only one day China to normalize relations with South Korea Brazil – after last year’s impeachment the new president Temer in the same shoes ECB speakers defended the status quo, no clear path yet Trump mess may push markets to reprice the

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