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China Oil Imports Rise as Teapot Refinery Demand Overwhelms Port Oil imports by China, the world’s biggest consumer after the U.S., rebounded amid strong buying by independent refiners that have helped push the country’s crude demand to a record and overwhelmed one of the country’s biggest ports with tanker traffic. Inbound shipments during April totaled 32.58 million metric tons, data from the Beijing-based General Administration ...
Dollar Index Technical Analysis - daily ranging bearish, weekly ranging near reversal "The USD is stuck at the bottom of the so-called ‘dollar smile’, which links its path to the performance of the US and global economy as well as the risk sentiment of investors.""We therefore expect USD to appreciate again against G10 commodity currencies as investors start questioning the Fed's ability to fall further behind the curve and the sustainability ...
Week Ahead: The question about the importance of the ‘Yellen put’ as a driver of the risk rally will become more relevant next week "The question about the importance of the ‘Yellen put’ as a driver of the risk rally will become more relevant next week when US data could highlight the temporary nature of the latest economic slowdown and the continuing tightening of US labour market conditions. Given how entrenched the latest USD-bearishness ...
Forex Weekly Outlook April 25-29 The US dollar ended the week on a positive note. GDP reports from the US and elsewhere, durable goods orders and the Fed meeting all stand out. Also note the BOJ’s decision which has become more important now. These are the highlights of this week. German Ifo Business Climate: Monday, 8:00. German business sentiment was lifted in March, after three consecutive declines, amid higher optimism ...
Bill Gurley: 2015 Was Peak Unicorn (Above the Crowd)Morningstar: The more you pay, the less you get from funds (InvestmentNews)Why the S.E.C. Didn’t Hit Goldman Sachs Harder (New Yorker), see also Why I Blew the Whistle on the SEC Investigation of Goldman Sachs (Watch the Circus)For Robo-Advisers, the Next Bear Market Is Make or Break (Bloomberg)Companies Wind Up in the ‘Penalty Box’ on Executive Pay (WSJ), see also Wall St. Regulators Propose ...