Fading political risk, constructive on crude – MM #145

We start from the political storms that were only a storm in teacup for stocks. We then continue with oil and see some room for rises before previewing the events of the week.

You are welcome to listen, subscribe, provide feedback and pledge support on Patreon[1].

  1. Knee-jerk reaction to politics: A potential obstruction of justice by Trump resulted in one down-day in Wall Street. And that’s it. The effect was widespread but short-lived. Looking deeper, we can sometimes distinguish between the effects on stocks and the effects on commodities. We touch on trade, the Fed’s reaction and more.
  2. Oil on a roll: Talk about an extension of the OPEC / non-OPEC deal meets a surprising slowdown in oil production in the US. Can we expect new highs?
  3. Preview: The upcoming week features the FOMC meeting minutes, updates on GDP from the US and the UK and also more political mess.

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Trade safely!

Get the 5 most predictable currency pairs[4][2]

from Forex Crunch http://feedproxy.google.com/~r/ForexCrunch/~3/kErpIGpGpA0/

from Online Forex Trading Resource
View thesource article here


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