As noted earlier, among the catalysts for the overnight leg higher in oil was a statement by Venezuelan Oil Minister Eulogio Del Pino who triggered the headline-scanning algos yesterday when…
In our overnight wrap moments ago, when previewing today’s action, we said that “absent some dramatic reversal, such as Gartman covering his shorts and going unexpectedly long, expect the low-volume,…
With Wall Street consensus expecting the poor first Q4 GDP estimate of 0.7% to be revised even lower to 0.4%, and with Wall Street’s biggest former permabull Joe LaVorgna expecting…
Amid the biggest weekly drop in GBPUSD (cable) in 7 years, a surge in UK credit risk, and a spike in cable volatility, Brexit risk has never been higher, but,…
Today’s current inflation data dump from across the European nations appears to confirm forward inflation expectations trend (plumbing new record lows). With a considerably bigger than expected decline in prices…
Amid hype hope that China will suddenly change course and unleash all new fiscal stimulus – because just what the nation needs is more ghost cities, ghost bridges to nowhere,…
With the S&P retesting its stubborn support level of 1,812 as recently as a week ago, many have continued to predict that failures to breach said level would result in…
VIX mini ‘flash-crashed’ this morning to test its 200-day-moving-average to the lowest level since Dec 31st 2015. For now, it appears to have marked a low… VIX slammed… To its…
Punch FG confirms MTN’s N50bn payment, says negotiations continue:The Federal Government on Thursday confirmed that MTN Nigeria had made a payment of N50bn towards resolving its protracted dispute with the…
Nigeria has become the largest economy in the first wave of countries in Sub-Saharan Africa to implement the recommendations of the Enhanced General Data Dissemination System (e-GDDS). This follows the…