Europe

After a kneejerk move lower on headlines regarding a statement, Cable is surging now that UK PM May has surprised the nation with a snap election on June 8th, since Conservatives could enhance their parliamentary majority given the vast lead they currently hold in polls; meanwhile cable is surging as uncertainty over Brexit negotiations wanes.

GBPUSD is at its highest since early Feb on the news - breaking aboive its 200-day moving average for the first time since Brexit.

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Authored by Sukru Hanioglu via The Strategic Culture Foundation,

The historic breakdown in Anglo-Ottoman relations is a useful model for evaluating today’s troubled alliance between the United States and Turkey

Authored by Mark St.Cyr,

For the average person the daily headlines containing the words “missile” and “nuclear” bring about thoughts of fear and anguish, especially when they pertain to the realization in which this time – it may be different. In other words, the sudden misstep resulting in an actual nuclear incident is far more probable than possible. e.g., N.Korea as the latest example.

Following Sunday night's resumption of trade after a three-day weekend, which saw sharp moves lower in US yields, the dollar and the USDJPY after Friday's disappointing CPI and retail sales data and the weekend's North Korea jitters, the mood has stabilized in light trading with Asian stocks advancing, Europe mostly closed for Easter Monday and S&P futures fractionally lower at 2,325 in early New York trading.

Authored by former UBS Chairman Peter Kurer, originally posted at finews.com,

The traveller around Europe steps out of his hotel on Via Veneto, into the bright, warm light. A morning breeze from the north blows gently down from the Borghese gardens and along the street. The light combined with the fresh air gives the day a feeling of ease, such as is rarely encountered, and therefore the traveller, known to the kind reader from previous appearances in columns on this website, is in a cheerful and enterprising mood. He sets out to explore Rome in the springtime.