Russian oil ministry comments The FT that Russia is looking to “continue developing” its trading of Iranian oil, which it sells to third countries under a 2014 oil-for-goods deal, regardless of the sanctions, energy minister Alexander Novak.
Pompeo and Mnuchin comments on Iran sanctions ForexLive
The follow up on the rejection of 1.1300 isn’t encouraged The big picture is that 1.1300 is a key area of support, even moreso after what looked like a huge rejection yesterday. But today’s dip back down to 1.1379 ready cuts through the 50% retracement. The 61.8% level is 1.1361 and if that gives way,…
US official cited by Reuters Official says excess supply will create a much better atmosphere for countries to cut Iran imports to zero. The official also says the Saudi government has ‘successfully insulated oil’ from the broader political issues linked to Khashoggi’s death.
The Commitments of Traders CFTC futures forex positioning data for the week ending Tuesday, Oct 30, 2018: Not much action in this report. ForexLive
This one is going down to the wire US 10-year yields have made a fresh high at 3.22%, up 8.4 basis points on the day. That’s a worrisome rise for equity bulls but it’s good news for USD/JPY (so long as it doesn’t wreck stocks).
Upbeat talk DUP Leader Arlene Foster says the UK and the EU are “close” to a deal that will “work for Northern Ireland” following a meeting with Brexit Secretary Dominic Raab, according to Sky News.
Erdogan in his own words Turkish President Erdogan has published an op-ed in the Washington Post that’s somewhat contradictory and confusing. The op-ed doesn’t name the Crown Prince as the culprit but it features a picture of him, which might be the newspaper’s way of pointing the finger rather than Erdogan’s.
Ultimatum time There was some interesting speculation from the BBC today in its Brexit podcast. Host Laura Kuenssberg, said: “There’s a lot of suspicions, a cabinet source was saying to me yesterday, ‘I think maybe next Tuesday Theresa May will try and bounce everyone into a deal.’”
The tracker from the New York Fed “Positive surprises from labor and international trade data were only partially offset by negative surprises from the ISM manufacturing survey,” the New York Fed said.