US producers and Canadian producers will be "glad" to agree to cut production and cooperated with OPEC countries, you know, the those wonderful Mid Eastern rulers who successfully bankrupted so many NoAmer companies. LOL
dc CB 20:30:12 GMT - 09/28/2016
IMHO this will all fall apart next week...the OPEC Headlines.
This a move to boost the bottom line for the end of the quarter.
A whole bunch bought in the on the "it's goin' to $50" run during the last time this BS made the rounds in August.
GVI Trading Room john bland 20:04:04 GMT - 09/28/2016
OPEC formal meeting underway to agree to November output cut.
GVI Trading Room john bland 19:32:48 GMT - 09/28/2016
New update to OPEC production estimate 32.5 to 33.0 bbd range.
dc CB 19:10:58 GMT - 09/28/2016
WSJ: OPEC Reaches Understanding on Output Cut
PAR18:43:50 GMT - 09/28/2016
Rising crude prices and negative interest rates .A lethal combination making Draghi look like a fool.
GVI Trading Room john bland 18:39:12 GMT - 09/28/2016
Headline below has been corrected. Item on CNBC said the base was 40 mln, instead of 33.2mln on Reuters. Cut would be about 700K bbd.
Many are always skeptical. Some say if it holds prices would head to maybe $50 per barrel.
As with the Fed, pay attention to what they do, not what they say!
GVI Trading Room john bland 18:35:32 GMT - 09/28/2016
OPEC reportedly agrees to a cut in production to 32.5 mln barrels from current 33.2 mln BBD in August. Thus would take place in November. -- Reuters
LONDON SFH 14:43:45 GMT - 09/28/2016
YELLEN: WOULD GRADUALLY REMOVE ACCOMMODATION ON CURRENT COURSE
Good old Janet
Mtl JP 14:35:43 GMT - 09/28/2016
SFH 14:20 - It is all in The Plan !
Mtl JP 14:34:50 GMT - 09/28/2016
according to janet:
- Big U.S. bank conditions have improved 'considerably' since crisis
GVI Trading Room john bland 14:33:59 GMT - 09/28/2016
Crude Oil draw unexpected, although API fell yesterday.
GVI Trading Room john bland 14:31:30 GMT - 09/28/2016
Selling assets will not help Deutsche in the long run . When they sell all profitable assets , what will be left ? A big US fine ?
Livingston nh 14:25:07 GMT - 09/28/2016
SFH - the ostmark was a bit unexpected -- all politicians are the same
LONDON SFH 14:20:17 GMT - 09/28/2016
Germany says no since it doesn't belive in state subsidies..regardless of Italy....DB would be a bigger event than Lehman imo...The way the stock price is going DVB won't be so big for long...Snapchat is worth more than DB
GVI Trading Room john bland 14:18:14 GMT - 09/28/2016
Yellen did not comment on policy in her prepared remarks, as expected. She could see policy questions in her Q&A.
GVI Trading Room john bland 14:15:27 GMT - 09/28/2016
Atlanta Fed 3Q16 GDP forecast cut to 2.8% vs. 2.9% on Sep 20.
GVI Trading Room john bland 13:43:06 GMT - 09/28/2016
Testimony--Chair Janet L. Yellen
Supervision and Regulation
Before the Committee on Financial Services, U.S. House of Representatives
10:00 a.m. ET (14:00 GMT)
Not likely to be market moving unless some policy questions pop-up in the Q&A.
GVI Trading Room john bland 13:40:18 GMT - 09/28/2016
Draghi testimony is before the German Parliament.
GVI Trading Room john bland 13:39:12 GMT - 09/28/2016
-- ECB not operating in a vacuum, other economic policies are needed.
-- ECB not main reason for low bank profitability
-- Inflation to rise by 1/2% over 2016 and 2017
GVI Trading Room john bland 12:35:05 GMT - 09/28/2016
Headline Durable Gods orders better than expected, but previous data revised down. On balance not strong data.
GVI Trading Room john bland 12:33:12 GMT - 09/28/2016
GVI Trading Room john bland 11:42:09 GMT - 09/27/2016
Markets are not taking this offer seriously.
GVI Trading Room john bland 11:41:00 GMT - 09/27/2016
Report Saudis offer to cut output by 500K per day if Iran caps its output.
GVI Trading Room john bland 07:47:42 GMT - 09/27/2016
Saudi comment implies no decision will be forthcoming.
GVI Trading Room john bland 07:46:17 GMT - 09/27/2016
Saudi Oil Minister Oil Minister, Algiers meeting "consultative".
Mtl JP 14:43:42 GMT - 09/26/2016
Its in the hands of the politicians to do something. I am not holding my breath.
Which is Worse (Better?) : An Impotent Central Banker Or A Politician With A Case Of The Do-Something?
HK [email protected]14:39:38 GMT - 09/26/2016
I expect NASA, to at least announce something like... the discovery of aliens sacrificing their own race on high pyramids in abandoned temples in the jungles.
LONDON SFH 14:38:55 GMT - 09/26/2016
One thing the ECB has been doing in recent mos is bleating about how the Govts should do more....and the Germans have most room....elections next year so if you hold your breath you will go blue v soon
HK[email protected]14:33:36 GMT - 09/26/2016
It is not that they have nothing to say, but they know traders are expecting something sensational.
So creating disappointment is their trade.
I hope NASA will not get us the same trash about Europa Moon today, so I shall not become angry.
GVI Trading Room john bland 14:29:18 GMT - 09/26/2016
SFH- true. For all their bluster, there is not not much that any of the central banks can do. Its in the hands of the politicians to do something. I am not holding my breath.
Mtl JP 14:27:14 GMT - 09/26/2016
spew meaningless words is an art
or an indication of ... _________
LONDON SFH 14:25:02 GMT - 09/26/2016
He really saying nothing new... Wasting everyones time
GVI Trading Room john bland 14:21:56 GMT - 09/26/2016
Draghi prepared text to EU Parliament:
-- EZ economy expected to continue to grow at a moderate and steady pace, but slightly less momentum than thought in June.
-- low rates symptom of underlying situation.
GVI Trading Room john bland 14:02:01 GMT - 09/26/2016
Slight beat in NHS vs. expectations, but data were down mo/mo. Prev data revised up a touch.
GVI Trading Room john bland 14:00:56 GMT - 09/26/2016
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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