Frontrunning: July 24

  • Kushner, Russian Ambassador Had Undisclosed Contact (WSJ)
  • Democrats take aim at big companies in economic blueprint (Reuters)
  • Trump open to signing Russia sanctions legislation (Reuters)
  • Senate GOP Unsure of What Health-Care Measure They Will Vote On (WSJ)
  • Japan PM Abe denies favors for friend amid falling support (Reuters)

The FX Week Ahead: The Dollar Crashes Again, Can The Fed Revive The USD At Wednesday's FOMC?

Looking at some of the price action, we have broken out of some key levels and areas, so in this respect, 'end of days' means an end to the uptrend which has seen the EUR rate pushing back through 1.1500, while the commodity currencies also look to have set a longer term low in place. What is doesn't mean - necessarily - is that the USD is going to implode, though the past week has seemed that way! 

Poland's President Unexpectedly Vetoes Bill On Judicial Reform, Zloty Surges

Polish President Andrzej Duda unexpectedly said on Monday that he would veto two of three bills reforming the country's judiciary system, easing Brussels' fears that the ruling Law and Justice party will undermine the division of powers. the Polish zloty, which had tumbled as the battle over the judicial reforms has unfolded, surged on the news, trading up 0.9 per cent at PLN4.24 against the euro

Protecting The Cheaters: EU Regulators In Bed With German Auto Industry Regarding Diesel

"We can debate at length what pollution standards should be. What’s not debatable is German auto corporations lied and cheated their way to good results and now they are caught with their pants down, at least twice. Either way, diesel is on the way out. And with that pending change, Germany’s vaunted lead in auto technology has turned into ashes. Meanwhile, EU regulators are prepared to look the other way in an attempt to give German manufacturers time to catch up."

A Month Of Multiculturalism In France: June 2017

"I am in fundamental disagreement with these left-wing people who do everything to dissociate fundamentalism from Islam. Islam has been radicalized for fifty years.."- Sir Salman Rushdie

A Coup In The House Of Saud?

The secret is out: the ascension of Mohammad bin Salman, displacing CIA favorite Mohammad bin Nayef as Crown Prince, was in fact a white coup...

Strip-Mining The World

"The richest vein in the history of predatory mining is just about played out... America's middle class!"

Russell Clark Speaks In Real Vision's "Most Requested Interview Ever"

According to Real Vision, he’s one of the greatest investors you’ve never heard of. According to us, he ran what was (formerly) the world's most bearish hedge fund. However one defines him, Horseman's Russell Clark sat down with Real Vision TV’s Raoul Pal in what is "one of RealVision's most requested interviews ever", to discuss investing and share his approach to markets.