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By Irina Slav A dramatic change in oil demand coupled with an unexpected increase in production has upended the industry, Vitol’s chief executive Russell Hardy told Bloomberg in an interview. At its … Read more
This morning it fell through 12000 meaning minus 2000 points (-14.58%) in 6 days. Never seen that one before and I have been doing this for over 10 years. This … Read more
by Graham Summers of Gains, Pains, & Capital The market got hit yesterday in a big way, but the selling was well contained. Traders have become way too conditioned to the market doing nothing but going … Read more
A volatility trader buys 100,000 $VIX calls in March for 49 cents, the S&P 500 Index continues to hit new all-time highs and discount coronavirus fears, & $VIX options and … Read more
by Przemyslaw Radomski via Sunshine Profits We started yesterday’s analysis with the investigation of the Euro Index and gold price in this European currency. Today, we’ll take a moment to analyze the gold … Read more
A former oil futures broker who went on a weekend drinking binge before blacking out and trading more than 7m barrels of oil has been banned from working in the … Read more
By Zerohedge For virtually all of his career, legendary oil trader Andy Hall was a permabull when it comes to the price of oil. While that served him well for … Read more
Authored by Sven Henrich via NorthmanTrader.com, We’re in the middle of an existential crisis. We must be. That’s what central bank policies are telling us. After all the ECB cut rates … Read more
via MarketWatch: Financial markets are at a crucial inflection point and Wall Street investors should look no further than the U.S. dollar for the clearest sign of the increasing stress … Read more
via Zerohedge: Even the Wall Street traders who survived this year’s cull of front-office personnel won’t escape the great bulge-bracket bank retrenchment of 2019 unscathed. According to Bloomberg, which cited a … Read more
via CNBC: A former Scotia Capital and Bear Stearns trader pleaded guilty and admitted manipulating precious metals futures markets for nine years, the latest in a series of crackdowns on … Read more
by independenttrader Europe is rebelling against the United States More than a year ago, we reported that the United States had unilaterally withdrawn from a nuclear agreement with Iran. Shortly after … Read more
By The Phoenix Stocks are breaking down from their rising bearish wedge (red lines in the chart below) as I write this. The key now is whether or not the … Read more
Authored by Richard Breslow via Bloomberg, It’s hard to tell whose bluff was called last week, but the end result is that almost every systemically important central bank did more than … Read more
by independenttrader Will China and Russia create SWIFT equivalent? SWIFT is an international settlement system, controlled by the United States. It is a kind of economic weapon that allows Americans to … Read more
Wall St. For Main St., Released on 6/12/19 Jason talks about an interview that billionaire investor, trader and hedge fund manager Paul Tudor Jones gave on Bloomberg today about how … Read more