Yesterday's weak dollar headfake has ended and overnight the USD rallied, while Asian stocks dropped to the lowest level in 7 weeks and crude oil fell as speculation returned that the Federal Reserve will raise interest rates as early as next month. The pound jumped and European stocks gained thanks to a weaker EUR.
With the market still strongly disagreeing with the polls over how BREMAIN is a done deal...
TrueSinews' Sean Corrigan explains why in his contrite "case for Brexit"...
‘Dear True Sinews, what are your thoughts on Brexit? Roger Bootle wrote a piece in the Telegraph yesterday suggesting that just because everyone is saying one thing, it doesn’t necessarily follow they are right Currently, I sit firmly on the fence getting splinters! Neither side is convincing me either way.’
From Francesco Filia of Fasanara Capital
So far in May, base metals and Oil decoupled markedly (chart attached below). While the Oil price kept rising and moved closer to 50$, base metals fell off a cliff and descended below March lows.
Submitted by Jeff Thomas via InternationalMan.com,
Top Israeli General Speaks Out Against Israel’s Crimes Against Palestinians
General Golan, Deputy Chief of Staff of the Israeli Army, on Holocaust Memorial Day, said:
“If there is something that frightens me about the memories of the Holocaust, it is the knowledge of the awful processes which happened in Europe in general, and in Germany in particular, 70, 80, 90 years ago, and finding traces of them here in our midst, today, in 2016.”