108.68 was last Friday’s spike low
USD/JPY is the chart of the day today and the big question is whether it can hold the August low.
The low of 108.68 last week also corresponds closely with the June low of 108.69 so that makes it doubly important.
108.68 was last Friday’s spike low
CPI rose 1.2% year-over-year
USD/CAD fell more than 70 pips to 1.2572 in the aftermath of the July CPI number. The data wasn’t particularly strong so the drop underscores the bias to sell the pair and to sell the US dollar more broadly.
The post USD/CA…
The Danish Straits and Turkish Straits, together transited by a combined volume of more than 5 million barrels per day (b/d) in 2016, are important chokepoints for Europe’s crude oil and petroleum liquids supply. Nearly 59 million b/d of global petroleum and other liquids production moved on maritime routes in 2015.
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Bad news for sports teams, movie studios and hotels hoping for a big Chinese cash injection: Beijing is tightening the money spigot.The post China clamps down on buying spree in sports, movies and hotels appeared first on NASDAQ.
The post China clamps …
Egyptian media revealed yesterday that three letters were exchanged between the Egyptian foreign minister and Israel’s Prime Minister Benjamin Netanyahu over Riyadh’s commitment to the existing arrangements regarding the Tiran Strait and the Red Sea islands of Tiran and Sanafir which Egypt recently ceded to Saudi Arabia. In April 2016, during a visit by Saudi King Salman to Cairo, the Egyptian government signed an agreement with Saudi Arabia stipulating the handover of the two islands to Saudi sovereignty, which sparked public outrage and rare street protests. The agreement’s opponents accused Egyptian President Abdel Fattah Al-Sisi of selling the islands to Saudi Arabia in return for Saudi aid, but Al-Sisi defended the deal in a number of speeches and public statements. […]
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The United States called in air strikes against Al-Shabaab in Somalia, Garowe reported yesterday.
Three air strikes were called in according to the US Department of Defence, killing seven Al-Shabaab fighters. The precision attack was executed in Jilib,…
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The first time that Emel Mathlouthi made her voice heard was during the Arab Spring in January 2011, when she sang Dhalem (Tyrant). “You tyrant, kill me, I will write songs, hurt me, I will tell stories,” sang this daughter of a university professor. Mathlouthi covers Bob Dylan, Joan Baez and Leonard Cohen songs, and those of revolutionary Egyptian singer Sheikh Imam, who was imprisoned when Nasser and then Sadat were president. She also plays songs by the Lebanese oud player, Marcel Khalife, famous for setting the poetry of Mahmoud Darwish to music. In 2012, she released her first album. She played the title track of Kelmti Horra (Freedom of Speech) during the 2015 Nobel Peace Prize Ceremony, which was […]
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The international coalition’s planes yesterday committed a massacre against civilians, killing at least 30 in Raqqa, Syria, according to the Raqqa is Being Slaughtered Silently campaign. The group said international coalition planes killed 30 civilians in a new massacre committed after the homes of civilians near Muawiya Ibn Abu Sufyan School in the Al Mala’ab Al-Aswad area in Raqqa city were bombed. Raqqa is witnessing on-going battles between Daesh gunmen and the Syrian Democratic Forces militias, supported by raids by the US-led international coalition forces. The militias have taken control of over two-thirds of the city. Nine Daesh gunmen were killed in an airstrike that targeted a car transporting them between Maadan and Al-Tabani in Raqqa’s eastern suburb. This coincided […]
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The head of the Houthi’s Supreme Revolutionary Committee claimed the United States is obstructing dialogue on the war in Yemen, the local news agency Saba News reported. US aggression in Yemen is working to obstruct all means to obstruct dialogue and prevent the cessation of war, said Mohamed Ali al-Houthi. Read more: Trumps ‘temporary’ battlefields in Yemen and Somalia The group launched a campaign called “America is killing the Yemeni people” on Wednesday due to US’ involvement in the conflict in the country, Al-Houthi said, adding that it has received popular support among the organisation’s supporters. The Houthi armed group deem the United States as an enemy and aggressor in the Yemen civil war. US military and special operations teams […]
Hours after a deadly terror attack struck Barcelona, Spain, US President Donald Trump took to Twitter suggesting Islamic terrorists should be executed with bullets soaked in pig’s blood. The tweet, which referenced a disredited stort of a 20th century event, read: “Study what General Pershing of the United States did to terrorists when caught. There was no more Radical Islamic Terror for 35 years!” Study what General Pershing of the United States did to terrorists when caught. There was no more Radical Islamic Terror for 35 years! — Donald J. Trump (@realDonaldTrump) August 17, 2017 This is not the first time Trump has made reference to the false story from the Moro rebellion in the Philippines between 1901 and 1913. […]
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