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  • Editor’s Picks / Yesterday at 22:39 GMT

    Oil price tanks on Greek vote, China worries

    The Australian Financial Review
    Oil prices suffered their biggest selloff in five months on Monday, falling as much as 8% as Greece's no vote and China's stockmarket woes sparked a spiral of losses. Brent fell below $60/barrel mark for the first time since April. Adding to the pressure on oil, Iran and global powers were trying to meet a July 7 deadline on a nuclear deal, which could bring more supply to the market if sanctions are eased. The deadline could be extended again, officials said. Commodities were sucked into the turmoil that has seen Chinese shares fall as much as 30% since June.
    Read article on The Australian Financial Review
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  • Squawk / Yesterday at 19:00 GMT
    -
    United Kingdom
    The Euro is looking really heavy.
    There is no solution to the Greek problem.
    It is better to short it here with a stop at 1.250 for the fainthearted.
    But it looks like it is going down
    Reinforcing this view is the oil price weakness and USD index.
    Read the Squawk
    6h
    goldfinger goldfinger
    Think you're right . Have sold euro$ and cable a bit earlier
    6h
    fxtime fxtime
    Agree we fall but as yet my short order set this afternoon hasn't triggered at 1.1010 as I can see a final bear squeeze to 1.1175>1.1200 region....lets...
  • Squawk / Yesterday at 13:45 GMT
    research analysis in intrady and short term strategy in xau/usd and xag/usd / WWW.MCXMASTER.IN
    India
    BUY XAU AND XAG TODAY AT CMP $1162+$15.50 AND KEEP NSL $1155+$15.30
    AND TGT1 $1175+$15.80
    AND TGT2 $1182+$16.MM
    Read the Squawk
  • Article / Yesterday at 12:20 GMT

    Commodities hurt by faltering growth prospects

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Commodities hurt by faltering growth prospects
    Commodities are weaker across the board after Greece rejected debt bailout terms and China rolled out emergency measures to prevent a full-blown stock market crash. This is adding to worries about poor demand growth at a time of global oversupply of several key commodities including oil, copper and iron ore.
    Read the article
  • 16h
    Clive Lambert - FuturesTechs Clive Lambert - FuturesTechs
    UPDATE: FTSE has just filled the gap TO THE TICK and straight away found some sellers back to 6500. It's been a very quiet morning, considering.

    DAX...
  • Editor’s Picks / Yesterday at 8:59 GMT

    Iran deal far from a lock: Kerry

    Bloomberg
    Speaking in Vienna on Sunday, US secretary of state John Kerry told reporters than the long-awaited nuclear deal with Iran is far from complete. "We are not yet where we need to be on several of the most difficult issues," said Kerry, adding that "we’re not going to shave anywhere at the margins in order just to get an agreement". The landmark nuclear deal would see Tehran disable its nuclear infrastructure in exchange for the lifting of sanctions – a move that could impact oil prices as Iranian oil floods the market. While Kerry remained hesitant, European officials appeared more optimistic with EU foreign policy chief Federica Mogherini telling journalists that "if a deal can be closed, it is now". Brent crude has declined precipitously in recent days and now trades at $59.25/barrel, well down from the high 60s in early May.
    Read article on Bloomberg
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