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In what is the latest outbreak in Dubai’s recent incendiary “epidemic”, shortly before 3pm local time a fire broke out at a 75-floor residential tower in Dubai, the fifth blaze in a skyscraper in the oil-rich United Arab Emirates in recent years. Flames lept out of windows toward the top of the Sulafa tower in […]

Following yesterday’s market ‘warning’ that Erdogan may have taken things too far, Turkey’s currency and credit risk markets are in further disarray today as Turkey’s National Security Council will consider calling for a state of emergency according to ruling AK Party deputy head Cevdet Yilmaz. The Lira is crashing back near record lows… Some context […]Read More

A historic event took place moments ago when Mark Johnson, the global head of cash FX at HSBC was arrested at JFK airport for his role in a “conspiracy to rig currency benchmarks”, and specifically for frontrunning customer orders. He is the first person charged by the US in the ongoing FX rigging probe. As […]

Submitted by Michael Shedlock via MishTalk.com, When you want to get your message across, you sponsor a study that is 100% guaranteed to come to the conclusion you demanded from the outset. In this case, a White House study allegedly proves Student Debt Helps, Not Harms, the U.S. Economy. Hooray! The White House just released […]

Having tagged last Thursday’s intraday highs, S&P futures are fading this morning (for now)… but, as Bloomberg notes, U.S. stock-market internals are exhibiting conflicting signs as the rally in the S&P 500 Index approaches 10% from the low reached after Brexit. Just 5 percent of companies in the benchmark have rallied far and fast enough […]Read More

Following last week’s surprise Distillates build (and bounce in production) and API’s overnight surprise Gasoline build, DOE data this morning was mixed confirming the 2.3mm draw in overall crude inventories (9th weekin a row) but surpringly large builds in both Cushing and Gasoline inventories (expectations were for draws). Oil prices were chaotic – running stops […]Read More

While the just announced DOE report hardly had any groundbreaking, bullish information in it, instead confirming that US production has continued to grow for a second week and the gasoline glut is getting worse by the week, oil surged as if stung following the report. One possible catalyst for this sharp move higher has nothing […]

Governor Abubakar of Bauchi By Abubakar al-Sadique, Press Secretary to Bauchi state  Governor The ugly pictures of school pupils sitting on the floor while receiving lessons in a public primary school in Bauchi metropolis published today in the major Nigerian newspapers have only further confirmed the sorry state of schools, and generally education the administration […]

Veronica Onuchi, TVC Nigeria Finalists in the prestigious CNN MultiChoice African Journalist 2016 Competition were announced today by Ferial Haffajee, Chair of the independent judging panel. This year, the competition received over 1,600 entries – a record number – from 38 countries across the continent, including French and Portuguese-speaking Africa. Congratulations go to: Adedayo Eriye […]

Godwin Obaseki The governorship ambition of the All Progressives Congress (APC) flagbearer in Edo State, Godwin Obaseki, has received a major boost, as friends and business associates hosted a fundraiser in his honour at the Landmark Event Centre in Lagos. Themed ‘An Evening With GO’, the event, which was well attended by top business leaders, […]

Sterling Bank Plc is reported to have turned down its planned talks to buy Keystone Bank Limited from the Asset Management Corporation of Nigeria (AMCON). According to reports from Thisday, the Chief Financial Officer (CFO) of the bank Abubakar Suleiman explained that Keystone Bank was “an unsuitable fit”. “We reviewed Keystone Bank and concluded the strategic […]Read More

What does a triple bottom look like? | Why is this pattern important? | Is volume important in a triple bottom? | What are the details that I should pay attention to in the triple bottom? | How can I trade this pattern? | A triple bottom pattern displays three distinct minor lows at approximately the […]