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- Momofrmnyc commented Apr 5, 2020
If you didn't need to rely on others than we wouldn't be complaining about oil prices being this low would we.
Trump says if he has to put tariffs on oil imports to protect energy workers he will
- Momofrmnyc commented Apr 4, 2020
Realistically you'd have to first believe that 10-15 bpd cut would first happen. I believe in my opinion it'll go lower again before rising up. Whether this deal happens or not doesn't change that demand is low and as long as countries remain shut ...
OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapse
- Momofrmnyc commented Apr 4, 2020
Oil has no demand for $40 it has nothing to do even with price wars at this moment. Just simple supply/demand oil will not be hitting that target for some time. USD/CAD definitely going up before going down in my opinion. We will see how it plays ...
OPEC+ meeting delayed as Saudi Arabia and Russia row over price collapse
- Momofrmnyc commented Apr 3, 2020
This cut should've happened way before now. Oil will go up and retreat after we see the low demand. The longer places are shut down the longer oil prices will stay at a lower end.
Putin: We are comfortable with $42 per barrel
- Momofrmnyc commented Apr 3, 2020
Them cutting means nothing. The demand is low to begin with.
Under the OPEC+ scenario, Saudis would cut at least 3 mln bpd
- Momofrmnyc commented Apr 3, 2020
You mean the idiots buying the world reserve currency during times of uncertainty. Don't try to fight the markets you'll only lose to it. Just follow the momentum.
The employment situation -- March 2020
- Momofrmnyc commented Apr 2, 2020
It still came back to my point that countries DEPENDENT on OIL REVENUE require higher prices. Forget about supply/demand here as there is no demand to begin with which is why lower prices make sense to begin with. As far as controlling the oil ...
Saudis want US producers, Canada, Mexico and others in G-20 to join any cuts
- Momofrmnyc commented Apr 2, 2020
I think the key is that EVERYONE has to agree to the cut in some form. More importantly as you said even if this cut does go through the lack of demand exceeds what the cut is realistically suppose to do. I'm still bearish on oil in short term and ...
Texas regulator Sitton says talked 10m b/d global cut w/Novak
- Momofrmnyc commented Apr 2, 2020
Yeah but countries that are dependent on oil revenue or overleveraged in debt require higher oil prices. That includes the indebted shale producers in the USA.
Saudis want US producers, Canada, Mexico and others in G-20 to join any cuts
- Momofrmnyc commented Apr 2, 2020
Not yet it's only been a few minutes. Give it time it'll start to manifest in the charts.
Unemployment insurance weekly claims
- Momofrmnyc commented Apr 2, 2020
Have you not been paying attention to most cities being on lock down in the U.S?
Unemployment insurance weekly claims
- Momofrmnyc commented Apr 1, 2020
Water is wet. Tell us something we didn't know.
China concealed extent of virus outbreak: U.S. intelligence
- Momofrmnyc commented Mar 29, 2020
Your argument relies on China giving us "ACCURATE" numbers which most of us around the world doubt. I don't see how they were able to hold it down to 3,000 and every other country with a smaller population has numbers that well exceed theirs. ...
Coronavirus: Trump backs away from New York quarantine
- Momofrmnyc commented Mar 23, 2020
Well as long as their plan is not to bail out these large companies who are leveraged to their yahoo in debt. Ridiculous as hell.
US Senate lacks votes to advance virus stimulus package
- Momofrmnyc commented Mar 23, 2020
The difference is my integrity wouldn't allow me to blunder my business and go ask for help. Though your right these big wigs have been doing it forever and it'll only continue I can't disagree with you on that. It just sucks because the majority of ...
Mnuchin: Want All Small Business Keep Employees, Take Government Loans
- Momofrmnyc commented Mar 23, 2020
You're smart enough to know no such thing a "FREE" lunch. It'll get taken back in one way or another. I'm in NYC and literally just shutting my business down for a month can really push me over the edge. I definitely want to continue paying my ...
Mnuchin: Want All Small Business Keep Employees, Take Government Loans
- Momofrmnyc commented Mar 23, 2020
As a small business owner why would I take a loan out? I don't know how long this may last. Will I still have the majority of my clients when I resume business? Putting myself further in debt without any guarantees if my business will kickstart ...
Mnuchin: Want All Small Business Keep Employees, Take Government Loans
- Momofrmnyc commented Mar 23, 2020
You can't keep throwing paper to a fire and expect for it go out. The disconnect of continuously trying to prop the economy will backfire in a much bigger spectacular fashion. Also we want to see some actual fiscal stimulus come into play. Fed has ...
Federal Reserve announces extensive new measures to support the economy
- Momofrmnyc commented Mar 22, 2020
^This all the way showing markets are bucking rules and trends and it makes it more dangerous for us but at the same time this increased volatility can make you a fortune with the right risk management.
Japanese Yen Forecast: EUR/JPY, AUD/JPY, GBP/JPY, USD/JPY
- Momofrmnyc commented Mar 22, 2020
I don't see it as a short I see the exact opposite. As coronavirus keeps extending I expect USD to get stronger.
Trump Declares New York City a Disaster Zone Because of Coronavirus