Yes too much supply. Specially with so many countries coming back online aka Libya, Iran etc. Oil price isnt going to rice for the foreseeable future which will cause problems in the middle east.

Saudi Energy Min: August Will See Deep Cuts In Saudi Oil Allocation To Customers

lol ok.

Saudi Energy Min: August Will See Deep Cuts In Saudi Oil Allocation To Customers

This is my feeling too. USD index has been falling like a rock. Puppets wont let it fall this way. They are going to talk down the euro which will lead to a buying opportunity.

Forex markets consolidating ahead of ECB monetary policy

Time for Draghi to turn tail and show concerns over inflation. They will do everything in their power to protect the USD Index from dropping the way it is. Besides Euro is overbought on many of its crosses a correction lower seems likely now.

Annual inflation down to 1.3% in the euro area

Rich get richer, poor get poorer. Cant escape the model.

Yellen backtracks: 'We can never be confident there won't be another financial crisis'

However does he plan on keeping yields in all of europe to the floor if he intends to wind down QE? Anyone seen the current yield on Greek, Portuguese, Spanish, italian Debt? Its all junk yet the yields are so low. Winding down QE would mean all of ...

ECB could announce plans to wind down QE at its Sep 7 policy meeting -ECB officials

Funny how all the Western central banks have all of a sudden changed tunes toward interest rate hikes, when there is so much debt in their markets. Name any debt: Consumer Debt, Government Debt, Corporate Debt, Student Debt List goes one. Banks are ...

ECB’s Weidmann: Expansive MonPol Is ‘Appropriate In Principle’, Can Disagree About ‘The Right...