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Russia, Qatar Vow To Boost Energy, Trade Ties

August 30, 2017 Tsvetana Paraskova 0

Russia and Qatar are reiterating their mutual interest to continue coordination in energy, in oil production, and in the gas-exporting countries forum, as well as to boost trade and economic ties, Russia’s Foreign Minister Sergey Lavrov said after meeting with his Qatari counterpart in Doha on Wednesday. “There is a growing interest in mutual increase of investments between the Russian Direct Investment Fund and Qatar Investment Agency,” Lavrov noted. Early this year, commodity giant Glencore and Qatar’s sovereign wealth…

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Dirok field starts flow in Assam, India

August 30, 2017 Latest News 0

Hindustan Oil Exploration Co. (HOEC) has started production of natural gas and condensate from Dirok field near Digboi in Assam, India. The post Dirok field starts flow in Assam, India appeared first on aroundworld24.com.

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The Slow Death Of Nuclear Power In Europe

August 30, 2017 Viktor Katona 0

Nuclear energy has been moving away from power-rich countries to nations bereft of diverse power generation opportunities, all the more so after the 2011 Fukushima disaster. Europe has been particularly susceptible to give heed to the nuclear panic. Germany, for instance, announced its plans to phase-out nuclear power a day after Fukushima, France went along in a matter of several months, Switzerland and Belgium have also since voted to pull the plug on nuclear. Against the background of nuclear safety technologies having reached unparalleled heights…

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Saudi crude arrives at CNOOC refinery

August 30, 2017 Latest News 0

Saudi Aramco said a cargo of Arabian crude has arrived at the Huizhou refinery operated by China National Offshore Oil Corp.The post Saudi crude arrives at CNOOC refinery appeared first on aroundworld24.com.

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EIA: US crude oil inventory drops 5.4 million bbl

August 30, 2017 Latest News 0

US commercial crude oil inventories, excluding the Strategic
Petroleum Reserve, decreased 5.4 million bbl for the week ended Aug. 25
compared with previous week, the US Energy Information Administration
said.The post EIA: US crude oil inventory drop…

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US, Israel ‘masterminding’ weapons supplies to ‘terrorists’ in Syria

August 30, 2017 Middle East Monitor 0

An investigative reporter who claimed to have discovered a covert scheme “masterminded” by the US, Israel, Saudi Arabia and UAE to supply weapons to Daesh and Al-Qaeda terrorist groups under the watch of the CIA and NATO, has been sacked by her employers for what she describes as “telling the truth about weapons supplies to terrorists”. Bulgarian journalist Dilyana Gaytandzhiev claims she was dismissed after being interrogated by security forces following her report that “at least 350 diplomatic …flights transported weapons for war conflicts across the world over the last three years”. Her bombshell report in July for the Trud newspaper alleged that “the state aircraft of Azerbaijan carried on board tens of tonnes of heavy weapons and ammunition headed […]

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One Trader’s “Ultimate Guide To Navigating The Equity Markets”

August 30, 2017 Tyler Durden 0

This remains a market in which traders are, for lack of a better word, “confused” (another good word is “paralyzed” as we observed one month ago).

For the latest confirmation of this, look no further than Bloomberg’s macro commentator (and former hedge fund manager) Richard Breslow, who in his latest macro note admits that “truth be told, there are very few of us who know what’s going on with the equities markets.” The other problem is that despite all the “fundamental analysis, valuations, metrics and the like” by financial professionals, the market appears to move in jagged discontinuities, with little logic or rationale, immune to the best financial “hot takes.” 

Inevitably, Breslow writes, “the market doesn’t carry through as promised and it’s inevitably made clear that it has nothing to do with that day’s investing thesis but some nefarious and exogenous influence.”

Almost, as if, it’s all in the hands of central bankers… Or maybe not that nefarious, and risk prices simply act as they (illogically) would in a robot-eat-robot, or perhaps algo-eat-algo, world (a perverse cannibalization that has been puzzling the FT recently).

The good news, is that Breslow believes he may have stumbled on the solution to everyone’s problem: how to trade this painfully rangebound, seemingly irrational market:

So put all this aside and concern yourself with how each equity market is behaving around its 21- and 55-day moving averages. Almost every index respects these indicators and traders should love the opportunities presented when the two lines cross. All the words you hear mean little if you’ve not been given the sign.

The P&L punchline: “Risk off is when the 21-dma crosses lower versus the 55-dma. That’s when you know you should be scared. When the opposite occurs, feel free to go back to ignoring the front page news.

While Breslow highlights just how predictably responsive to this 21/55 narrative both the EURUSD and USDJPY have been the big test will be ES, which while stuck in a tight range, may be about to break out:

Two weeks of a lot of noise seemingly signifying nothing has caused the 21 to inch stealthily lower and it hovers, as we speak, 5 points above the 55. If, not when, they cross it’s likely that you’ll have a clearer sense of what to do. Nota bene, close but no cigar, doesn’t score points in this particular game.

Will investing, and trading, indeed be as simple as Breslow makes it appear? The answer should emerge in just a few days when the S&P’s 21- and 55-DMA cross. The result could be violent.

* * *

Richard Breslow’s full note below:

Truth be told, there are very few of us who know what’s going on with the equities markets. On any given day, they’re going to collapse, never go down again or must be sold or bought on any strength or weakness, as the case may be. And, like congress, many, if not most, people hate the group as a class (index) but love their personal representative (sure winner). The simple truth is that this asset class’s fate is being clouded by the fact that the question is being framed all wrong. And as scientists of the market we should know better than to forecast (kind choice of words) market direction while ignoring the maxim, “garbage in, garbage out.” 

 

Day in and day out we’re inundated with analyses of valuations, metrics and the like. We get our regular instant armchair take on the latest geo-political outrage. After all, who understands this stuff better than foreign exchange salesmen? And a lot of time we’re just simply exhorted to love or hate a given bourse based on the perceived charisma or odiousness of the head of state.

 

Macron’s dreamy, so of course after he rewrites the utterly entrenched labor laws of France, overhauls the economy into a hotbed of innovation, he will turn his full attention to European-wide structural problems. Rumor has it, he can also make an incredible vegetarian foie gras. How can you not be optimistic about everything Europe? Other leaders must be given no quarter on any issue as a matter of principle. I mention this only because if you look at a chart of the euro versus the dollar, yesterday’s spike and subsequent failure above 1.20 looks distinctly like a middle-finger pattern.

 

Inevitably, the market doesn’t carry through as promised and it’s inevitably made clear that it has nothing to do with that day’s investing thesis but some nefarious and exogenous influence.

 

So put all this aside and concern yourself with how each equity market is behaving around its 21- and 55-day moving averages. Almost every index respects these indicators and traders should love the opportunities presented when the two lines cross. All the words you hear mean little if you’ve not been given the sign.

 

Risk off is when the 21-dma crosses lower versus the 55-dma. That’s when you know you should be scared. When the opposite occurs, feel free to go back to ignoring the front page news.

 

The euro has been on a tear since April. How do you know when it starts to be a relative performance issue for European stocks? The end of June, just as soon as the technical signal flashed.

 

Is USD/JPY weakness becoming a problem for Japan? Let’s see, but be aware the lines crossed yesterday.

 

Which sets up a really interesting question. The one you all actually care about. The S&P 500 looks like it’s stuck in a tight range. Where it goes nobody knows. Follow the lines. Two weeks of a lot of noise seemingly signifying nothing has caused the 21 to inch stealthily lower and it hovers, as we speak, 5 points above the 55.

 

If, not when, they cross it’s likely that you’ll have a clearer sense of what to do. Nota bene, close but no cigar, doesn’t score points in this particular game.

 

Don’t you wish all of life was this easy?

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Army Commander: Lebanon is Daesh free

August 30, 2017 Middle East Monitor 0

Lebanon today announced the end of its military operation to oust Daesh from along its border with Syria. Lebanese Armed Forces Commander General Joseph Aoun officially declared the end of the “Dawn of the Outskirts” operation which began ten days ago. “After you completed the Dawn of the Outskirts operation, in which you have achieved a decisive victory on terrorism by expelling it from the towns of Ras Baalbek and Qaa, this dear region belongs to the nation, which has been washed with the blood of your comrades, the martyrs who were killed, and those wounded, and with the sweat which fell from your foreheads.” “In your name, I extend my deepest condolences to the members of their families and […]

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