Trump Considers Tapping U.S. Oil Reserve as Prices at the Pump Rise

The Trump administration is actively considering tapping into the nation’s emergency supply of crude oil as political pressure grows to rein in rising gasoline prices before congressional elections in November, two people familiar with the situation said. No decision has been made to release crude from the 660-million-barrel stockpile, known as the Strategic Petroleum Reserve, but options under review range from a 5-million-barrel test sale to a larger release of 30 million barrels, said the people who requested anonymity to discuss non-public deliberations. An even larger release is possible it it were to be coordinated with other nations. Read More @ https://www.bloombergquint.com/markets/2018/07/13/trump-said-to-mull-tapping-u-s-oil-reserve-as-pump-prices-rise

G10 FX Week Ahead: I need a dollar, a dollar is what I need

The Federal Reserve Chair’s semi-annual testimony to Congress is the headline event in an otherwise quiet week. As investors get ready for a summer of Trumpian trade and geopolitical risks, a resolute hawkish Fed remains a forcible headwind for risky assets. A status quo Powell may just see the markets love for the US dollar endure for a bit longer – Read More @ https://think.ing.com/articles/g10-fx-week-ahead-i-need-a-dollar-a-dollar-is-what-i-need/

WHAT IS THE TECHNICAL CHARTS SAYING?

High Risk Investment Warning:

Please note that Forex and other leveraged trading involves significant risk of loss, It is not suitable for all traders and you should make sure you understand the risks involved, it is recommended that you seek an independent advice, if necessary.

 

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