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Emerging Markets Week Ahead Preview - July 23
Article By:
Marc Chandler
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Sunday, July 23, 2017 7:23 PM EDT
EM FX was mixed on Friday, but largely firmer over the entire week. The FOMC meeting this week poses some potential risks to the global liquidity story that’s supporting EM.
In this article: EEM
Turkey Is Buying Gold Like There’s No Tomorrow
Article By:
Secular Investor
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Sunday, July 23, 2017 6:56 PM EDT
Not only are the Turks buying more gold at a substantially more aggressive pace than the Russians adding 950,000 ounces of the yellow metal in just three months, the purchases are also much more meaningful when you look at the bigger picture.
In this article: GLD
Emerging Markets: What Has Changed - Friday, July 21
Article By:
Marc Chandler
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Friday, July 21, 2017 5:44 PM EDT
In the EM equity space as measured by MSCI, South Africa, Chile, and China have outperformed this week, while Indonesia, Russia, and Colombia have underperformed. To put this in better context, MSCI EM rose 1.2% this week while MSCI DM rose 0.5%.
Rig Count Rises To April 2015 Highs As Analysts Warn "Oil Market Rebalancing Hasn't Even Started Yet"
Article By:
Tyler Durden
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Friday, July 14, 2017 1:43 PM EDT
After falling for the first time this year two weeks ago, Baker Hughes reports US oil rig count rose once again (up 2 to 765) for the 24th week in the last 25, to the highest since April 2015.
In this article: OIL
Commodities: Oil Update
Article By:
Marc Chandler
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Friday, July 14, 2017 10:46 AM EDT
Libya's output is up 460k barrels a day since the start of the year, while Nigeria's output has risen 175k barrels a day. Civil wars in both countries had reduced output, and therefore were not included. Libyan output is its highest in couple years.
OPEC Output Increases, Saudi Arabia Seeks Solution
Article By:
Daily Forex
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Wednesday, July 12, 2017 1:52 PM EDT
Increased oil production by Libya and Nigeria combined with increased production by Saudi Arabia lead the group’s total production to increase by 32.6 million barrels per day in June.
In this article: OIL
Only Four People Can Move The Global Oil Market
Article By:
Keith Schaefer
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Monday, July 10, 2017 11:48 AM EDT
The first half 2017 U.S. oil storage levels are much more bullish than normal despite no help from the OPEC production cuts.
Oil Heads Back Below $30/bbl As Hedge Funds Give Up On OPEC
Article By:
Paul Hodges
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Monday, July 10, 2017 4:59 AM EDT
Hedge funds powered the oil price rally over the past 9 months. Now the fundamentals of an over-supplied market are starting to dominate once more.
Emerging Markets: What Has Changed - Friday, July 7
Article By:
Marc Chandler
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Friday, July 7, 2017 2:28 PM EDT
In the EM equity space as measured by MSCI, Chile (+1.9%), Hungary (+1.8%), and India (+1.7%) have outperformed this week, while Qatar (-1.4%), Hong Kong (-1.3%), and Russia (-1.1%) have underperformed.
One CEO Is 'Worried About Qatar’s Bonds' Despite How Deliciously 'Juicy' They Are
Article By:
The Heisenberg Report
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Wednesday, July 5, 2017 11:14 AM EDT
There’s been a lot of attention paid to Qatari stocks (which plunged nearly 9% in June) and to the riyal, which has come under tremendous pressure at various times over the past month. Of course, Doha’s debt is taking a hit as well.