Cyclone premium
ICE Brent prompt contract recovered to 67.1 $/b on early Monday, as a potential cyclone formation in the Gulf coast could have an impact on…
The Fed Minutes included a key sentence showing that some members are ready to start discussing the tapering of bond purchases, provided the economic recovery is being confirmed. Bond yields rebounded, the USD as well and US equities posted their 3rd straight decline. These movements remained limited nevertheless, far from the collapse of crypto-currencies, with Bitcoin touching $30,000 when it was worth $65,000 in mid-April! The EUR/USD fell below 1.22 but shows sign of rebound this morning. This may suggest the market is not sure a more hawkish Fed is really bad news.
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