The Traderszone Network

As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year – a speculative slide below $50 a barrel followed by a quick recovery. Some are now reconsidering that view, as long-term oil prices take the lead in the market’s latest dive, swaying sentiment toward a lengthier slump that would mean prolonged pain for big producers, from Exxon Mobil Corp (XOM.N) to Saudi Arabia.

Greetings one and all
It’s hump day as we head into the business end of the week tomorrow and Friday with BOE and NFPs very much on the agenda
Today though we have a series of PMI releases, not least of which the key UK services sector, and then the ADP non-farm employment change

As the developer of three New York City steakhouses, with a desire to open more Manhattan locations, I am compelled by harsh economics and a hostile reception by government leaders, real estate…

To view the full story, click the title link.

USDJPY  123.70 (USD 300m) 125.00 (300m)
– EURUSD 1.1000 (251m)
– GBPUSD none
– AUDUSD 0.7390-0.7400 (250m)
– AUDJPY 89.00 (AUD 1.18bln) 93.00 (1.23bln)
Another thin summer-season list and I will check back later for updates

Squawk Box Live in Europe will focus on central bank policy on Wednesday and the outlook for a rate rise.

Your grown-up children may never hit many of the milestones you’ve come to associate with adulthood — and you can blame their crushing student loan debt.
read more

Forex news for Asia trading Wednesday 5 August 2015   
China
NZ & Australia
Thursday is going to be just super!
More:
If you missed the comments from Atlanta Federal Reserve President Lockhart during the US session you may be wondering why the USD is higher this European/UK morning. Greg had the headline, here: