The Traderszone Network

Authorities lifted an evacuation order for

read more

Its another packed event calendar ahead for Asia
2245GMT – New Zealand – Building Work done for Q2
– expected +1.6% q/q, prior -3.5%
2300GMT – Australia – CBA / Markit August services and composite PMIs

In what’s likely to be remembered as one of the most spectacular policy failures in recent Indian history, Prime Minister Narendra Modi’s decision to abruptly cancel high-denomination banknotes – a move meant to punish corrupt officials and criminals – instead destroyed the savings of middle- and low-income Indians and caused widespread chaos in the country’s financial system.

read more

Unable to make de-escalation progress using conventional diplomatic means at the United Nations, on Monday South Korean President Moon Jae-in proposed that the U.N. Security Council hold serious discussions about imposing an energy and capital blockade on North Korea, by cutting off oil supplies to Kim’s regime coupled with a block of North Korean sources of foreign currency, the South Korean president’s office said. Moon discussed the idea with his Russian counterpart, Vladimir Putin, during a phone call, according to South Korea’s Blue House.

read more

Authored by Nick Cuningham via OilPrice.com,

The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.

read more

Elon Musk is either privy to some really disturbing technology that the rest of us can’t even begin to fathom or he is desperately crying out for help by advertising his recurring nervous meltdowns over social media.

read more

Forex headlines for North American trading on Sept 4, 2017
Markets:
– Gold up $10 to $1334
– CHF leads, AUD lags
It was Labor Day in Canada and the United States and that kept markets in check, with a few exceptions.