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Erdogan to raise issue of Rohingya at UN

September 4, 2017 Middle East Monitor 0

Turkish President Recep Tayyip Erdogan said on Monday he would bring up the plight of Myanmar’s Rohingya Muslims at the next UN General Assembly meeting in New York later this month. Speaking to locals in Istanbul’s Catalca district on the final day of the Muslim Eid al-Adha holiday, Erdogan said, Humanity has remained silent in the face of the Myanmar massacre. “I will bring up what is happening in Myanmar at the UN General Assembly on Sept. 19 in the broadest way,” he said.  “We will speak about all this with the leaders there.” As the rotating president of the Organization of Islamic Cooperation (OIC), Erdogan said that so far he has spoken to the leaders of around 20 countries […]

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North Korea Is “Begging For War”: Haley Tells Un “The Time For Half-Measures Is Over”

September 4, 2017 Tyler Durden 0

U.S. United Nations Ambassador Nikki Haley is escalating the rhetoric from Trump’s “we’ll see” comment and aggressive tweets as she tells an emergency meeting of the U.N. Security Council, that “enough is enough” and that North Korea’s leader, Kim Jong Un, is “begging for war” with his “abusive use of missiles.”

 

Haley admonished the council, urging the “strongest possible” response…

The time for half measures in the security council is over. The time has come to exhaust all of our diplomatic means before it is too late.

 

We must now adopt the strongest possible measures. Kim Jong Un’s action cannot be seen as defensive.”

Just last month, the 15-member Security Council unanimously adopted new sanctions to slash by a third Pyongyang’s US$3 billion annual export revenue, which could be channeled to fund its nuclear and ballistic missile programs.

Some additional quotes from Haley include:

“We have taken an incremental approach, and despite the best intentions, it hasn’t worked.

 

“War is never something the United States wants, we don’t want it now, but our people’s patience is not unlimited.”

 

“We have kicked the can down the road long enough. There is no road left.”

Finally, Haley warned,

“The United States will view every country that does business with North Korea” as aiding their nuclear ambitions.”

Here are the countries that trade with North Korea, based on 2015 data from MIT’s Observatory of Economic Complexity.

  • China is the biggest player, buying 83% of North Korean exports and selling 85% of the goods that North Korea imports. China is also the United States’ largest trade partner. The countries traded $578 billion in goods last year.
  • India is second, accounting for 3.5% of exports and 3.1% of imports from North Korea.
  • All told, Asian countries buy 92% of North Korean exports and source 93% of North Korean imports
  • Russia is a European leader in North Korean trade, but accounts for less than 2% of imports and exports.
  • Over 100 additional countries trade with North Korea, including France, Mexico, Pakistan, Saudi Arabia, Brazil and Chile.
  • North Korea’s exports increased 54% from $1.83 billion to $2.83 billion from 2010 to 2015.
  • Coal comprises a third of North Korean exports, and garments represent another third.

Additionally, in a veiled swipe at China, she also said it is “insulting” to propose a so-called “freeze for freeze” under which South Korea and the U.S. would suspend its annual military exercises that provoke Pyongyang in exchange for a halt to the North’s provocations.

Finally, we noted that at the top of the emergency meeting, Axios reports, a top U.N. official said North Korea’s hydrogen bomb test blast was 5 times as powerful as those resulting from the attacks on Hiroshima and Nagasaki.

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Brent Prices Fall After North Korean Nuclear Test

September 4, 2017 Tsvetana Paraskova 0

Brent prices were down on Monday morning after investors shied away from crude oil markets and instead turned to safer-haven gold futures after North Korea conducted its sixth and most powerful nuclear test over the weekend. At 09:40 am CST on Monday, Brent Crude was down 0.23 percent at US$52.63. Meanwhile, spot gold prices today touched a one-year high as investors flocked to safer asset classes. WTI Crude, the U.S. benchmark, was holding steady, up 0.38 percent at US$47.47. Trading in crude futures today is expected to be thin due to the Labor…

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Brent Prices Fall After North Korean Nuclear Test

September 4, 2017 Tsvetana Paraskova 0

Brent prices were down on Monday morning after investors shied away from crude oil markets and instead turned to safer-haven gold futures after North Korea conducted its sixth and most powerful nuclear test over the weekend. At 09:40 am CST on Monday, Brent Crude was down 0.23 percent at US$52.63. Meanwhile, spot gold prices today touched a one-year high as investors flocked to safer asset classes. WTI Crude, the U.S. benchmark, was holding steady, up 0.38 percent at US$47.47. Trading in crude futures today is expected to be thin due to the Labor…

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Goldman Sachs: Oil Majors See Upside At $50 Oil

September 4, 2017 Tsvetana Paraskova 0

Although oil prices are now half what they used to be three years ago, Big Oil is better positioned now than it was when oil prices were sky high, Michele Della Vigna, co-head of European equity research at Goldman Sachs, told CNBC in an interview on Monday. In the dizzy spending days between 2010 and 2014, when oil prices were above US$100, those high prices were actually “dreadful time” for the international oil majors, because everyone was eating the lunch, and Big Oil’s competitive positioning was destroyed, according to Della…

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Christopher Columbus And The Falsification Of History

September 4, 2017 Tyler Durden 0

Authored by Antonius Aquinas,
The Los Angeles City Council’s recent, crazed decision to replace Christopher Columbus Day with one celebrating “indigenous peoples” can be traced to the falsification of history and denigration of Europe…

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Ethereum (ETHUSD) Island Reversal Forming in Weekly Chart

September 4, 2017 Tradablepatterns 0

Ethereum (ETHUSD) Weekly/Daily

Ethereum (ETHUSD) is forming its 1st red weekly candle in 6 weeks as profittaking kicks in after ETHUSD briefly tested the psychologically key 400 whole figure resistance level. With the current red weekly candle quickly lengthening reversing most gains over the last 2 weeks, a bearish Island Reversal is forming. Significantly, ETHUSD is arguably breaking upchannel support (on the weekly and daily chart). The daily chart provides a clearer set of warnings for bulls with the RSI, Stochastics and MACD decisively sliding lower. Nevertheless, with the weekly MACD red line still flattish and yet to turn down, bears may soon lock in profits and trigger a short-covering rally at some point in the next day or so.  Any bounce will be short-lived with longer term bears having gotten the upper hand with today’s weekly/daily chart upchannel support break.

ETHUSD (Ethereum) Weekly Technical Analysis

 

ETHUSD (Ethereum) Daily Technical Analysis

 

 

Bitcoin (BTCUSD) Weekly/Daily

 

Bitcoin (BTCUSD) is forming its 1st red weekly candle in 6 weeks as profittaking kicks in after BTCUSD briefly tested the psychologically key 5000 whole figure resistance level. While the red weekly candle is still just beginning to form, and far from being bearish just yet (given its small body so far), the technicals on BTCUSD can rapidly change within a day given its volatility. Although the daily chart is appearing bearish with the RSI, Stochastics and MACD tiring, the weekly MACD continues sloping up suggesting there may be a bit more upside in the next day or so before the bulls throw in the towel and bears become more aggressive. Significantly, BTCUSD is testing upchannel support (on the weekly and daily chart), and has a high likelihood of breaking upchannel support based on Ethereum (ETHUSD)’s break today of a similar upchannel support on its weekly/daily chart.

BTCUSD (Bitcoin) Weekly Technical Analysis

 

BTCUSD (Bitcoin) Daily Technical Analysis

Click here for today’s technical analysis on USDJPY

Tradable Patterns was launched to demonstrate that the patterns recurring in liquid futures, spot FX and cryptocurrency markets can be analyzed to enhance trading performance. Tradable Patterns’ daily newsletter provides technical analysis on a subset of three CME/ICE/Eurex futures (commodities, equity indices, and interest rates), spot FX and cryptocurrency markets, which it considers worth monitoring for the day/week for trend reversal or continuation. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

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Stockman Slams The Donald’s Seinfeld Tax Plan: “It’s A Big Show About Nothing”

September 4, 2017 Tyler Durden 0

Authored by David Stockman via Daily Reckoning blog,
Someone should remind the Donald that he actually is President and that it’s high time he accomplished something. Anything.
Back on April 21st, for example, he promised that a core feature of h…

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Israel PM admits he spoke to newspaper before 2013 poll

September 4, 2017 Middle East Monitor 0

Israeli Prime Minister Benjamin Netanyahu has acknowledged that he spoke by phone 15 times — within a 19-day period — to a prominent Hebrew-language daily in the run-up to the country’s 2013 general election. Israeli media, including the Jerusalem Post, reported on Monday that Netanyahu had disclosed his frequent calls with Israel Hayom (Israel Today) Editor Amos Regev in statements submitted to Israel’s Supreme Court on Sunday. According to the Jerusalem Post, the calls were made in the weeks running up to Israel’s 2013 general election in which Netanyahu clinched the premiership. On Thursday, Netanyahu told the court that he had spoken roughly 200 times with Regev — and about 100 times with the paper’s U.S.-based owner, Sheldon Adelson — […]

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