Kazakhstan

'Boomerangski' Returns To Bite The Clintons

"...more interestingly, the meme that has led people to believe that any contact between Russians and Americans is ipso facto nefarious, vectors into the very beating heart of the “Resistance” itself: the Clintons."

Key Events In The Coming Week: The Summer Doldrums Arrive

With little on the US economic docket in the coming days, this week's focus is on the ECB and BoJ meeting along with minutes from the RBA and the Riksbank. In the US The key economic release this week is housing starts on Thursday. There are no scheduled Fed speaking engagements this week.

US, Russia Agree On Ceasefire In Southwest Syria

The U.S. and Russia have agreed on a cease-fire in southwest Syria, a U.S. official said Friday. The deal comes as Russia’s President Vladimir Putin and President Donald Trump meet for the first time in Germany.

Brent Tumbles To $46 Handle After US Crude Production Surge

Yesterday's "bullish" slump in inventories (and record demand) was offset by a resurgence in US crude production and along with Russia's lack of enthusiasm for more production cuts, is weighing heavily on oil prices this morning

The Global Commodity Cycle: Where Are We Now

"In commodity cycles, demand leads and supply reacts, with a lag. And the factor which facilitates this process is price. 2017 looks to be providing another classic example of this simple commodity rule."

Key Events In The Coming Week: Thursday Turmoil Trifecta

This week will be all about rhe "Thursday Turmoil Trifecta" when the UK general election will be highlight of a busy week together with the ECB monetary policy meeting, while rounding off events in the US will be James Comey's first public testimony since he was fired by Donald Trump in which he is expected to testify that Trump pressured him to end the Russian probe into Mike Flynn.

Goldman Lists Two Conditions For The OPEC Production Cut Extension To Work

"We believe that today’s announcement is consistent with OPEC’s desire to achieve both price stability and backwardation, which will help to slow the recovery in shale oil production by curtailing the market's ability to grow future production through forward sales. For the strategy to work, however, we believe two things have to take place."

Market Mocks OPEC Crude Jawboning; Morgan Stanley Warns Of Risks To 2018 Oil Price

In the clearest indication yet that OPEC jawboning no longer has an effect on markets, and especially headline scanning algos, following numerous headlines from Saudi energy minister Khlaid Al-Falih overnight warning that the oil rebalancing is imminent, and in case it isn't, it will come in 2018 when OPEC and Non-OPEC producers may extend their production cuts, this morning oil is firmly hugging the flatline after a failed attempt to push higher earlier in the session.

Russia, Iran, Turkey Ban US Planes Above Syrian "Safe Zones"

Russia said it’s ready to send peacekeepers to Syria after Turkey and Iran agreed on Thursday to Russia's proposal for "de-escalation zones" in Syria. The move, welcomed by the United Nations, has been met with scepticism from the United States as the so-called safe-zones will closed for warplanes of the United States and those of the U.S.-led coalition.