President Trump’s Tweet Set Stage for Expanding OPEC and non-OPEC Crude Oil Production

President Trump’s Tweet Set Stage for Expanding OPEC and non-OPEC Crude Oil Production $OIL, $USO Saudi Arabia’s signal to ease limits on Crude Oil production led to prices falling Friday after a 3-week rally, and OPEC cited an angry Tweet by President Donald Trump as the trigger. Saudi Arabia’s Minister of Energy Khalid al-Falih Tweeted: “I reiterated…

Indonesia and the Rupiah

Indonesia’s economy expanded by 5.06 percent year-on-year (yoy) during the first quarter this year thanks to growth in investments and consumer spending. Data from the Central Statistics Agency (BPS) show that the first quarter figure at 5.06 percent was a slight increase on the 5.01 percent that was recorded over the same period last year.…

Forex Morning Briefing

Forex Morning Briefing $DXY, $EUR, $GBP, $JPY Commentary: Nothing new. PE The US Dollar (.DXY) Index at 92.76 saw a high at 92.97 Monday, and it could test 92.4-92.5 Tuesday before rising again. The next 1-2 weeks might well see .DXY come close to its medium term target at 94-95. EUR (Euro) at 1.1925 did not rise towards…