In Joint Statement, Merkel, May, Macron Rebuke Trump On Iran Decision

“We stand committed to the JCPoA and its full implementation by all sides. Preserving the JCPoA is in our shared national security interest.”


The Austin Powers World.

“There’s real danger but at the same time, the central figures are so laughable that it’s difficult to accept it as reality”…

It’s The Politics Stupid! BIS Flags A “Scary” Change In The Market’s Mindset

“Underlying a number of these changes was a shift of market participants’ attention away from monetary policy and towards political events.”

Stocks Super Happy, Oil “Flirts With Collapse,” UK Brexits, France Wonders Why No One Voted

Generally speaking, it was a quiet overnight session as traders look forward to a light calendar in the days ahead – or at least compared to the last two weeks. There was of course another “van attack” in the UK (“van attack” has become “a thing” now). Additionally, Monday marks the start of Brexit negotiations.…

“Nazi-Be-Gone” Rally Fizzles As Female Hitler Loss Seen Largely Priced In

Ok, so it’s Monday and France didn’t elect a fascist. So we’ve got that going for us. That said it looks like the Street got this one right – it feels like a “sell the news” event pretty much across the board. As documented earlier the euro gave back its knee-jerk to $1.1023 to trade all…

Macron Elected President Of France In Landslide

Like father, like daughter. Crushed.

DB Explains Why Le Pen’s Performance Was “Less Impressive Than The Numbers Suggest”

“The National Front rise is less impressive than these figures suggest.”

Wall Street Weighs In On Macron Win

“And since we believe a Macron presidency has been embedded in market pricing since then, we do not expect his victory in today’s run-off to have a significant impact on markets from tomorrow.”

Barclays Tells You What To Expect If Macron Wins

Assuming Macron does indeed carry the day, here are the two possible scenarios and what to expect, according to Barclays…

#MACRONLEAKS Tied To RT-, Sputnik-Linked Twitter Accounts, Alt-Right “Jack”Ass

“DFRLab tracked the onset of the campaign to the Twitter account of Jack Posobiec. They also include @Languillem, which in March was the most active amplifier of Kremlin outlets RT and Sputnik in French, as the DFRLab has reported.”

2 Charts Show How Confident The Market Is In Sunday’s “Sure Thing”

There are a number of different visuals you can look at to see how confident this market truly is, but one of the most straightforward ways to assess the situation is simply to look at…

The World Is Going Batshit Crazy – Thoughts Ahead Of A Big Weekend

“While it’s impossible to say which manifestation of populism anno 2017 will be the catalyst for events that will ultimately mark a dubious chapter in the history books, you can be certain that if the world keeps going down this road, something will eventually go terribly, terribly wrong.”

Macron Victim Of “Massive Hacking Attack”: Reports

“Some nine gigabytes of data were posted by a user called EMLEAKS to Pastebin”…

Guest Post: Another FU?

“The market is way too cavalier about this weekend’s election. In modern history, there has never been a French election without one of the two main parties being in the second round. This is unprecedented. If someone tells you they know how the French electorate will behave, they are deluding themselves.”

Bloodbath: “Nightmarish Picture” For Iron Ore Triggers Metals Mayhem

“Iron ore demand is waning, which, against backdrop of near-record/record inventories and aggressive Chinese and seaborne supply, paints a nightmarish picture”…