INTERNATIONAL. Something extraordinary, albeit not unexpected, is happening in the Persian Gulf region. The United States, lacking a coherent strategy to deal with Iran and too distracted to develop one, is struggling to navigate Iraq’s fractious political landscape in search of a deal that would allow Washington to keep a meaningful military presence in the country beyond the end-of-2011 deadline stipulated by the current Status of Forces Agreement.
At the same time, Saudi Arabia, dubious of U.S. capabilities and intentions toward Iran, appears to be inching reluctantly toward an accommod
INTERNATIONAL. Sterling volatility has hit unimaginable levels with major financial figures repeatedly voicing their concerns over the impact a Brexit could have not only on the UK, but for the global economy.
INTERNATIONAL. It seems likely that May's dismal NFP report has sabotaged all efforts of the Fed to take action in Q2 and this may be reflected on the Fed Fund futures which currently prices a hopeful 26% probably of a July interest rate rise.