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The Texas whipsaw massacre
Markets remain turbulent Volatility continues to be the winner overnight, particularly in the commodity space as the street engaged in its latest grasping at straws attempt to price in “peak-Ukraine.” European equity markets got the ball rolling, hoovering up equities on Ukraine-Russia reproachment hopes ahead of a meeting between the two sides in Turkey today. Ukraine’s President also said yesterday morning that he was open to neutrality and not joining NATO.
Mar 10, 2022 by Jeffrey Halley
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Oil down 10% from Sunday's high, gold pivots at USD 2000
Oil  Crude prices are declining after Ukraine President Zelensky signaled he has 'cooled down' regarding the question of Ukraine joining NATO and as optimism grows that the economic impact of sanctions is weighing on the Russian economy and that President Putin might try to avoid a long war. Adding to the earlier selling pressure was the IEA breakdown of 62.7 million barrels emergency oil stocks.  The world is working together to tackle surging oil prices and that has put a short-term top for c
Mar 09, 2022 by Edward Moya
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