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  • Article / 7 minutes ago

    Opec: Cartel of collusion or an ouroboros?

    Managing Partner / Spotlight Group
    United Kingdom
    Opec: Cartel of collusion or an ouroboros?
    Opec is dominated by the will of its leading member and oil producer, that is, the Kingdom of Saudi Arabia. Its nations have to fall in line with KSA and to the direction it wants to take – which sounds like a cartel. But in the end the market will triumph as the cartel might raise prices but it cannot create effective barriers to entry.
    Read the article
  • Squawk / 2 hours ago
    Trader, Analyst / Individual Trader
    Poland
    Quiet market before Jackson Hole. Expect to see increased volatility during release.

    EURUSD limited from the downside by 1.1130-50

    USDJPY also well positioned for bullish move.

    There is space for limited correction of recent USD weakness. However do not see chance for medium/long term reversal or deeper move.

    Only need hawkish speech tomorrow.
    Read the Squawk
  • Calendar event / 2 hours ago

    US Advance Report on Durable Goods

    forecast
    actual
    High Durable Goods-SA, M/M%
    +3.2%
    +4.4%
    High Dur Goods, Ex-Defense, M/M%
    +3.8%
    High Dur Goods, Ex-Transport, M/M%
    +1.5%
    Med Orders: Cap Gds, Non-Def, Ex-Air, M/M%
    +1.6%
    Med Shipmnts: Cap Gds, Non-Def, Ex-Air, M/M%
    -0.4%
  • Squawk / 2 hours ago
    intraday and holding research analysis in commodities and currencies..... / WWW.MCXMASTER.IN
    India
    Before us open and us data, buy precious metal at current rate and make long position before tomorrows jackson holes news.mm

    for technical and fundamental news in precious metals. buy xau and xag at current rate $1321-1318.50 range and $18.50-420 range and keep sl????
    and tgt1 $1338+$18.920
    and tgt2 $1351+$19.250.mm
    Read the Squawk
  • Article / 2 hours ago

    Warning lights flashing for copper

    Head of Commodity Strategy / Saxo Bank
    Denmark
    Warning lights flashing for copper
    While investors have been chasing equities higher and bond yields lower in this negative-rate environment, developments in other sectors could indicate that all is not well. Copper,a traditional gauge for global growth and demand, is down on the year and now sits just above multi-year support.
    Read the article
  • Video / 5 hours ago

    US housing boom to continue: Garnry

    Peter Garnry
    Recent data on new US home sales showed a big surprise to the upside, according to Saxo Bank head of equity strategy Peter Garnry.

    New US home sales have reached their highest level in 9 years but this is still below the natural rate.

    Garnry believes that the robust employment trend could spell a continuation of the US housing boom. And this trend could prove positive for companies like Home Depot and Toll Brothers.

    Garnry is positive on Toll Brothers and his trade idea is to go long with a target of $40 and a stop at $30.
    watch video