Futures & FX

Oil Market: EIA Out Saying Good and Bad

EIA out this AM saying crude oil output is to soar into 2020 so why are we trading higher on oil? 

The US government agency EIA is saying that the USA will produce 10.6mbpd in 2020 which s1m more barrels/day than forecast a year earlier.  Core production will then moderate to 9.4mbpd by 2040...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call April 14 – On the call today we talk about key moves today in the Dollar and the Euro and what they mean for EM assets.
Watch China macro tonight and see where weaker numbers might lead to rate cuts sooner than later.
US earnings season: What do US multinationals...

Today’s Emerging Money Audio Call has Been Released

Emerging Money Daily Audio Call April 15 – On the call today we find global markets trudge higher but some major macro in our midst as we also look at the world form the ground up via US earnings season.
On today’s call we look at China macro which continues to disappoint yet not impacting...

Emerging Money Daily Audio Call April 15

Emerging Money Daily Audio Call April 15 – On the call today we find global markets trudge higher but some major macro in our midst as we also look at the world form the ground up via US earnings season.
On today’s call we look at China macro which continues to disappoint yet not impacting...

Turkey Is Your Low Hanging EM Fruit

Despite weaker oil overall and recovery in Europe (sort of) Turkey has been one of the worst performing EM markets this year and has totally missed the recent EM rally, especially on the currency side. …And THAT is what makes Turkey an interesting “catch up “trade in the EM world:
There is a...

Emerging Money Audio Call April 16

Emerging Money Audio Call April 16 – Global markets are under a bit of pressure as US earnings season dives deeper but EM remains firm. On today’s call we again talk about breakdown in Dollar correlations and the impact on not just EM but global resource and mining place.
Did OPEC...

Dawn of the Dead?

Global Miners and Resource plays are on the move over the last month.  Some are breaking out.  Very few are noticing or paying attention:
 

3m charts on some “goto” names show recovery off the Dollar surge lows and recovery to key levels that were forming before the Dollar tore through...

Tracking Europe

I care less about the EU stock markets reaction to Greece than I do the credit markets.
If today is all about Greece – look at how the bond mkts are behaving on the periphery.  These should be on your screens everyday. 
Spain – has gapped 25bps wider this week as Greek rhetoric worsens and...

Emerging Money Daily Audio April 17

Emerging Money Daily Audio April 17 – Today global markets are unnerved by continued pressure on Greece and growing talk of a Greek exit entering the market calculus.
On the call we give our view of “Grexit” and it’s consistent with our view for the last three months....