Following the latest month abysmal trade and PMI data out of Japan overnight (April exports crashed -10.1 %, worse than the exp. -9.8 and worse than last month's -6.8% while imports plunged -23.3% also far worse than exp. -18.8 and March -14.9%; PMI 47.6, Exp. 48.3, last 48.2), it was supposed to be a straight up for the USDJPY, and its carry linked E-mini.
NATO has deployed military personnel and weapons on the Russian border in readiness to declare war on Russia, according to Mike Billington, Asia editor for the Executive Intelligence Review. According to Billington Russia is making the necessary plans to fight World War 3, possibly as early as this summer. Presstv.com reports: Press TV has interviewed Mike Billington, from the Asia Desk of the Executive Intelligence Review in Leesburg, about Russia condemning NATO for granting membership to Montenegro. The following is a rough transcription of the interview.
Jeffrey Stacey is looking forward to how Clinton will conduct foreign policy, which he assumes would have magically remedied almost all current problems overseas:
Submitted by Rakesh Upadhyay via OilPrice.com,
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran.
The 2 June 2016 OPEC meeting will be held amid a backdrop of oil prices near $50 per barrel, a sharp drop in Nigerian production due to sabotage, turmoil in Venezuela, Saudi Arabia operating with a new oil minister, and Iran aggressively pumping close to pre-sanction levels.