Natural Gas
US Officials Outline "Secret" Summer Operation To Stop Flow Of Dollars To ISIS
Submitted by Tyler Durden on 11/03/2015 07:53 -0500In the latest example of Washington playing catch up in the global "war" on terror PR battle, “officials familiar with the matter” have told WSJ about a concerted effort to cut off the flow of dollars to ISIS. Allegedly, the US became concerned about the amount of hard currency being shipped to Iraq over the summer. The problem: the requested amounts didn’t seem to be consistent with the country’s economic fundamentals and so, the US cut off Iraq’s access to dollar funding, nearly plunging the country into crisis.
Futures Flat Despite More Weakness Among European Banks, Volkswagen; Another Apple Supplier Warning
Submitted by Tyler Durden on 11/03/2015 06:56 -0500- AIG
- Apple
- Aussie
- Bank of New York
- Bitcoin
- BOE
- Bond
- China
- Citigroup
- Consumer lending
- Copper
- Credit Suisse
- Crude
- Crude Oil
- Equity Markets
- headlines
- HFT
- India
- Italy
- Japan
- Jim Cramer
- Jim Reid
- Loan Officer Survey
- Market Crash
- Monetary Policy
- Morgan Stanley
- NASDAQ
- Nasdaq 100
- Natural Gas
- OPEC
- Porsche
- ratings
- Real estate
- Reality
- recovery
- Reuters
- Standard Chartered
- State Street
- Testimony
- Volkswagen
- Wells Fargo
So far today's trading session has been a repeat of what happened overnight on Monday, when following a weak start on even more weak Chinese data, US equities soared on the first trading day of the month continuing their blistering surge since that dreadful September payrolls report, which as we showed was mostly catalyzed by a near record bout of short's being squeezed and covering, which accelerated just as the S&P broke the 2100 level.
"Somebody Will Do Something Stupid"
Submitted by Tyler Durden on 11/02/2015 17:45 -0500There are a multitude of fuses affixed to dozens of powderkegs and little kids with matches are on the loose.
Mark-to-Fantasy Becomes an Ugly Reality with the Impact of (S&P) 500 Enrons
Submitted by Reggie Middleton on 11/02/2015 06:35 -0500How many banks (and other companies) are doing the Enron thing? Many more than you would be led to believe, for now it's legal. Simple proof that this will end even prettier than Enron.
The Shale Massacre: Chevron Fires Another 7,000 After Laying Off 1,500 Three Months Ago
Submitted by Tyler Durden on 10/30/2015 09:25 -0500Even though Chevron said in July that its cost-cutting initiatives would be "completed by mid-November of 2015" it decided to surprise everyone moments ago when on its earnings call it announced it would not only slash its capex by another 25%, but will shortly distribute another 7,000 pink slips. The reason: another terrible quarter in which the $2 billion in earnings were a 73% plunge from a year earlier.
Markets On Hold Awaiting The Fed's Non-Announcement As Central Banks Ramp Up Currency Wars
Submitted by Tyler Durden on 10/28/2015 06:00 -0500- Apple
- Aussie
- Australia
- Bank Lending Survey
- Bond
- Case-Shiller
- Central Banks
- China
- Chrysler
- Consumer Confidence
- Consumer Sentiment
- Copper
- CPI
- Crude
- Crude Oil
- Debt Ceiling
- fixed
- Ford
- France
- Germany
- Italy
- Japan
- Jim Reid
- M3
- Monetary Policy
- Natural Gas
- Nikkei
- Price Action
- Reuters
- Richmond Fed
- Starwood
- Starwood Hotels
- Trade Balance
- Unemployment
- Volkswagen
We would say today's main event is the culmination of the Fed's two-day meeting and the announcement slated for 2 pm this afternoon, however with the 90 economists polled by Bloomberg all expecting no rate hike, today's Fed decision also happens to be the least anticipated in years (which may be just the time for the Fed to prove it is not driven by market considerations and shock everybody, alas that will not happen). And considering how bad the economic data has gone in recent months, not to mention the recent easing, hints of easing, and outright return to currency war by other banks, the Fed is once again trapped and may not be able to hike in December or perhaps ever, now that the USD is again surging not due to its actions but due to what other central banks are doing.
Oct 28 - White House, Congress reach tentative U.S. budget deal
Submitted by Pivotfarm on 10/27/2015 17:32 -0500News That Matters
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Why A Russian Default Is A Very Real Scenario In 2016
Submitted by Tyler Durden on 10/27/2015 12:17 -0500Who holds the majority of the debt that would be at risk in a Russian default? Not China. Not Iran. Not Syria. No, it’s the exact same nations, and banks and funds within those nations, that are applying the sanctions against Russia. So, if Russia does default, what does it mean in terms of its political relationship with the West? Nothing. But what does it mean to its creditors? Everything... Simply put, if Putin believes that the benefits of a default outweigh the consequences to his country, he won’t hesitate to do it, no matter the international ruckus it might raise.
Futures Flat After Yen Carry Tremors As Fed Starts 2-Day Policy Meeting
Submitted by Tyler Durden on 10/27/2015 05:56 -0500- Apple
- Australia
- Bank of Japan
- Bond
- Case-Shiller
- China
- Consumer Confidence
- Copper
- Crude
- Crude Oil
- Dallas Fed
- default
- El Nino
- Equity Markets
- Exxon
- fixed
- Ford
- Germany
- headlines
- High Yield
- Janet Yellen
- Japan
- Jim Reid
- Markit
- NASDAQ
- Natural Gas
- New Home Sales
- Nikkei
- OPEC
- Precious Metals
- Price Action
- RANSquawk
- Richmond Fed
- Shenzhen
- Unemployment
- Wall Street Journal
- White House
- Yen
Two biggest move overnight came from everyone's favorite carry pair, the USDJPY, which may have finally read what we said yesterday, namely that with the Fed and ECB both doing its job, there is little need for the Bank of Japan to repeat its Halloween massacre for the second year in a row, and as a result will keep its QQE program unchanged. It promptly tumbled from its 121 tractor level, to just above 120.25, where BOJ bids were said to be found. With the FOMC October meeting starting today, the other overnight catalyst was not surprisingly the latest Hilsenrath scribe in which he removed any uncertainty about a Wednesday hike, "leaving mid-December as the central bank’s last chance to raise rates this year."
Schadenfreude - How The US Is Helping China Create A New Financial Order
Submitted by Tyler Durden on 10/26/2015 19:10 -0500There are two general schools of thought amongst noted contrarians and libertarians regarding China’s overriding objectives. One school has it that China is very much a part of the One World Government philosophy and their primary goal is to acquire a more powerful seat at the IMF. Having done so, they will settle in and be content to be one of the leading jurisdictions that run the world collectively. The other school suggests that China means to become the most powerful nation in the world - to replace the US in every way as the world’s dominant nation. And that’s the case here. The world’s most powerful (and most oppressive) political/economic power structure has begun to go under the bulldozer. Its replacement will hopefully be a better one.
Oct 27th - ECB to ease in December but deposit rate cut unlikely
Submitted by Pivotfarm on 10/26/2015 16:38 -0500News That Matters
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NatGas Crashes To April 2012 Lows On Weather, Inventories
Submitted by Tyler Durden on 10/26/2015 10:55 -0500For once, blaming the weather is not a 'joke'. Natural gas futures fell to the lowest since April 2012 as traders reacted to near-record inventories and mild weather that’s pushing back the start of winter demand for the heating fuel.
Look Out Saudi Arabia: Russia, Iran Forge Energy Partnerships, May Form New Bank To Fund Projects
Submitted by Tyler Durden on 10/23/2015 12:45 -0500With Russia now in the driver's seat in terms of supplying crude to China, and with Iranian supply set to come back online with the lifting of economic sanctions, Saudi Arabia faces a serious threat to its dominance of the global oil market. Given the increased cooperation between Moscow and Tehran in Syria, it comes as no surprise that Ruusia and Iran are now in talks on some $40 billion in energy projects which the two countries say could lead to the formation of a new development bank.
"Proxy" War No More: Qatar Threatens Military Intervention In Syria Alongside "Saudi, Turkish Brothers"
Submitted by Tyler Durden on 10/22/2015 13:37 -0500"Anything that protects the Syrian people and Syria from partition, we will not spare any effort to carry it out with our Saudi and Turkish brothers, no matter what this is. If a military intervention will protect the Syrian people from the brutality of the regime, we will do it."
Saudi Arabia Warns Iran: "Stop Meddling In Our Neighborhood!"
Submitted by Tyler Durden on 10/20/2015 12:55 -0500"We wish that Iran would change its policies and stop meddling in the affairs of other countries in the region, in Lebanon, Syria, Iraq and Yemen. We will make sure that we confront Iran's actions and shall use all our political, economic and military powers to defend our territory and people."




