cancel
Showing results for 
Search instead for 
Did you mean: 

The euro game

http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/9224551/Nightmare-week-for-Angela-...

 

Good piece from Ambrose on the european finance/political situation. With the exception of weather, probably the largest determinant of commodity prices this season.

 

Thinking it all through I'll vote bearish- probablities seem to favor a lower euro and therefore stronger dollar which tends to take risk off.

 

But probably more posturing before anything becomes clear.

0 Kudos
1 Reply

Bad data vs the oil vigilantes

Counterintuitive reaction seems to be taking hold as US data continues weak and the EU moves toward the cliff. 

 

As always, the market believes that means that a gusher of liquidity is imminent and money moves to frontrun it.

 

The same old conundrum persists, though. So when oil goes to $150 on the back of the money wave, what happens then?

0 Kudos