Oil futures are being hammered lower again, under $29 US …. wow, under 28 now
The whole energy complex is being sold (substitution effects will ensure this) - US natural gas hitting lowest in 21 years
Oil is down 30%+ now for the day.
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Oil news catalysed this Black Monday, and now its dropping further
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
- US futures keep steadier for now even as oil prices hold at the highs
- USD/JPY wipes out a chunk of the likely intervention play earlier, so what's next?
- ECB policymaker Nagel says more appropriate to respond in June if outlook does not improve
- USD/JPY tumbles again after early bounce, Japan MOF back in the market?
- UK April Nationwide house prices +0.4% vs -0.3% m/m expected
- FX option expiries for 1 May 10am New York cut
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