Category: Commodities / FX

Something Happened on the Way to Monetary Heaven
26. 3. 2021 No Responses

Something Happened on the Way to Monetary Heaven

Something Happened on the Way to Monetary Heaven: Janet Yellen’s Plunge Protection Team Has $142 Billion to Play With. Most Americans are unaware of the existence of the Exchange Stabilization Fund (ESF). Together with the Federal Reserve Bank of New...
read more
World After Countless QEs: A Shortage Of Everything
20. 3. 2021 No Responses

World After Countless QEs: A Shortage Of Everything

In last press conference, Jay Powell confirmed that the Fed is setting off on a historic experiment: welcoming a conflagration of red-hot inflation for an indefinite period of time in an overheating economy, with the underlying assumption that it’s all.....
read more
Commodities Are Soaring 25%
7. 2. 2021 No Responses

Commodities Are Soaring 25%

As BMO’s Doug Porter shows, the year-over-year rise in a basket of commodity prices (and they mostly all show a similar pattern) is now a bit above 25%. This is a problem because in the past 20 years, that’s been consistent with headline inflation....
read more
Schedule of the delayed OPEC+ webinar
9. 4. 2020 No Responses

Schedule of the delayed OPEC+ webinar

The delayed OPEC+ webinar on Thursday will arguably be the most important gathering of ministers to date, with countries outside OPEC+ also poised to potentially tune into the discussions, thus presenting scope for coordinated action. The meeting is due to...
read more
Oil rallies 24 to 36% within minutes after Trump says he spoke to Putin, MBS and expects Saudis, Russia to announce 10 million barrel cut
2. 4. 2020 No Responses

Oil rallies 24 to 36% within minutes after Trump says he spoke to Putin, MBS and expects Saudis, Russia to announce 10 million barrel cut

Saudis and Russia deny every Trump’s word. Brent oil shoot up 36% (temporary) and West Texas up 24% This was the most expected market event amongst commodities traders. The President later said in a tweet that a production cut would be...
read more
Banks, Big Oil, Boeing Stocks Crashed Spectacularly, Biggest Crash Since Lehman Event
9. 3. 2020 No Responses

Banks, Big Oil, Boeing Stocks Crashed Spectacularly, Biggest Crash Since Lehman Event

When two black swans collide and third is en route. Folks, it is just warm-up lap. $2.5 Trillion wiped out as world stocks crash most since 2008. Bank of America, Citigroup, Deutsche Bank, Commerzbank down 14 percent, British Petroleum crashed...
read more
Markets Crash In Worst Week Since Lehman Event
28. 2. 2020 No Responses

Markets Crash In Worst Week Since Lehman Event

Friday’s market performance has traditionally been the weakest, even during the meltup phase ahead of the recent coronacrash, and as such it will probably not come as a surprise that today’s overnight rout which followed the biggest 6-day correctio...
read more
Gasmaggedon sweeps over global gas market
6. 2. 2020 No Responses

Gasmaggedon sweeps over global gas market

China’s state-owned gas importers are considering declaring force majeure on LNG imports, which would amplify the turmoil in global gas markets. Shipments of oil and gas are backing up at Chinese ports, which is creating ripple effects across the world....
read more
EU could waste €29bn on gas projects
23. 1. 2020 No Responses

EU could waste €29bn on gas projects

32 schemes eligible for funding despite being unnecessary under move from fossil fuels. The European Union risks wasting €29bn (£25bn) of taxpayers’ money by overinvesting in gas projects which will be unnecessary under Europe’s climate action plans, ac...
read more
Secretary of The Treasury Steven Mnuchin Why $1.5 Trillion Cash Have Disappeared
23. 12. 2019 No Responses

Secretary of The Treasury Steven Mnuchin Why $1.5 Trillion Cash Have Disappeared

Maybe as some kind of Christmas gifts $1.5 Trillion In $100 Bills Have Disappeared from circulation. Last week we reported that something strange was going on at the same time that central banks are injecting $100 billion each month in electronic money to.....
read more
African countries walk away from Paris-backed Franc
23. 12. 2019 No Responses

African countries walk away from Paris-backed Franc

Macron blasts colonialism: Grave mistake & fault of France. Emmanuel Macron delved into his country’s imperial past, saying France’s territorial conquests were a mistake that should be fixed – including by welcoming African countries reforming the c...
read more
Chevron’s $11 Billion Impairment
21. 12. 2019 No Responses

Chevron’s $11 Billion Impairment

From Chevron’s press release: “As a result of Chevron’s disciplined approach to capital allocation and a downward revision in its longer-term commodity price outlook, the company will reduce funding to various gas-related opportunities including Appa...
read more
Federal Reserve Proposes New Rule To Let Inflation Run Hot
2. 12. 2019 No Responses

Federal Reserve Proposes New Rule To Let Inflation Run Hot

Federal Reserve remains unable to stoke inflation (because it refuses to measure it correctly) and refuses to factor in asset price inflation. It has now considered launching a new rule that would let inflation run above its 2% target to...
read more
Oil Service Stocks – Uninvestable
27. 11. 2019 No Responses

Oil Service Stocks – Uninvestable

Interest In Oil Service Stocks At A “Career Low”, Piper Warns. Collectively, the consensus view is that the oil service sector remains un-investable. There have been few sectors dripping with apathy of late quite like the oil services sector. On ...
read more
Diamond Industry in Crisis: De Beers Slashed Prices by 5%
4. 11. 2019 No Responses

Diamond Industry in Crisis: De Beers Slashed Prices by 5%

De Beers Jewelers, the world’s largest diamond miner, has slashed rough diamond prices by 5% as global markets remained oversupplied into the start of the holiday season. The entire industry is on the brink of a downturn amid weaker consumer...
read more
1 2 3