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Archive Monthly Archives: March 2018

'Global Synchronous Recovery' Narrative Crushed As EU, US Data Diverge

The chart below shows the Citi Economic Surprise Index for the US, compared against the broader G10 index, and the Europe index. The outperformance of US positive data surprises is stark… highlighting the dramatically non-synchornized nature of global growth. CitiFX senior trader Andrew Grosso warned that we need to pay attention to the short-term on […]

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Israeli Stealth Fighters Fly Over Iran Amid Speculation Of Imminent War

One week after Israel demonstratively released a video of  a 2007 airstrike on a suspected Syrian nuclear facility (after refusing to officially acknowledge the operation for more than a decade), the Kuwaiti newspaper Al-Jarida reported late on Thursday that 2 Israeli F-35 stealth fighters had entered Iranian airspace over the past month. Israeli F-35 Sources […]

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Location, Location, And Nerve Agents

Authored by Raul Ilargi Meijer via The Automatic Earth blog, I am gullible. Very. I betcha I am more gullible than you. And that tells you something, because you know how gullible you are. Or so you think. Still, as bad as I got it, something physically snapped in the back of my head this […]

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Theresa May Reportedly Considering Ban On Russian Sovereign Debt Sales

Echoing the Treasury Department’s decision to prohibit trading in Venezuelan “hunger bonds” in US markets, UK Prime Minister Theresa May is mulling whether to throw her support behind a measure that would ban the sale of Russian sovereign debt in City of London financial markets. And just like with Venezuela, such a short-sighted prohibition wouldn’t […]

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Turkey Breaks With NATO, Refuses To Expel Russians

Authored by Jim Carey via GeopoliticsAlert.com, Following the alleged March 4th alleged Russian poisoning of Sergei Skripal, an ex-double agent in the UK, several European countries and the US have begun ejecting Russian diplomats from their countries. With both the UK and US each ejecting dozens of diplomats, it stands to reason that every other NATO country […]

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Crypto Carnage Continues – Bitcoin Back Below $7,000, Ether Under $400

Despite a brief bounce overnight, cryptos are sliding once again with Bitcoin below $7,000; Ethereum below $400; and Ripple back below 50c. “It’s a sea of red,” said one seasoned crypto-trader, adding after a stoic pause, “again!” Amid the worst month for tech stocks in years, cryptos are in freefall…   Bitcoin is back below […]

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Satellite Images Reveal "Massive Show Of Force" By 40 Chinese Warships, Aircraft Carrier

In what Reuters has dubbed a massive “show of force“, dozens of Chinese warships have been observed on satellite imagery, exercising with an aircraft carrier and warplanes above the heavily-disputed South China Sea, as part of the previously noted  massive military drills, which the PLA ominously said were “in preparation for war.” The four images, […]

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Trader: Four Reasons Why "The Worst For Markets Is Yet To Come"

Following a recent barrage of negativity from former Lehman trader and current Bloomberg macro commentator, Mark Cudmore, who warned that stocks are likely to continue sliding as a short squeeze in bonds sends yields lower, overnight his Bloomberg Markets Live colleague and macro commentator, Garfield Reynolds, echoed Cudmore’s growing pessimism, urging readers to “Rest Up […]

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Whiplashed Global Stocks, US Futures Limp Higher Ahead Of Long Weekend

After three days of violent moves and sharp intraday reversals, in a week that feels far longer than just 4 days in, even equities appear exhausted today, and have entered the slow drift into the Easter break with volatility and volume far more subdued than earlier in the week courtesy of a slowdown in the […]

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North, South Korea Set April 27 As Date For Historic Summit

The date for the first meeting between a North Korean and South Korean leader in a decade has been set for April 27, South Korean officials told US media. For the first time since the Korean War broke out in 1948, a North Korean leader will cross the DMZ to attend the meetings, which are […]

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