BACKDOC: AS YOU ALL KNOW LIKE IRAN SAID, THEIR FOREX VALUE WOULD MEET A REALITY VALUE IN OCTOBER WHICH IT DID!
WE SAW THE IMF STEP IN AND BEGIN TO RELEASE BANKING CHANNELS BACK UP FOR IRAN!
THEN THEY SAID THEIR TWO PAYMENT SYSTEM WOULD BECOME ONE AFTER MARCH 20TH 2017!
KEEPING THAT IN PERSPECTIVE WE SEE A TRANSITION IN PROCESS FOR IRAN AS YOU CAN SEE HERE! THEY USE THE TERM BOTTLENECKS TO EXPLAIN THE BANKING CHANNELS THAT ARE NOT YET FULLY OPEN TO THEM YET!
WHILE THEY ARE IN THIS PROCESS THEY CONTINUE TO DO TRADES AS WE SEE IT. THEY ARE DOING CURRENCY SWAPS AND TRADING OIL FOR SERVICES RENDERED!
REMEMBER WE TOLD YOU ABOUT THE MASSIVE RAIL SYSTEM THAT GERMANY IS HELPING THEM BUILD!
BY THE WAY THEY ARE NORTH OF THEM SO I'M SURE THIS IS WHO THEY ARE TRADING WITH! THEY ARE DOING SWAPS WITH THE GOLDEN TRIANGLE,(CHINA, RUSSIA, IRAN) AS WE'VE SHARED BEFORE! DOC IMO
Thunderhawk: Min.: Banking bottlenecks eliminated for Iran to receive petrodollars
Tehran, Nov 26, IRNA – Minister of Petroleum Bijan Zanganeh said on Saturday that the banking bottlenecks were eliminated enabling Iran to receive oil revenues.
Min.: Banking bottlenecks eliminated for Iran to receive petrodollars
Zanganeh told reporters that Iran will receive money from oil exports.
'Currently, no cash is away from access of the Central Bank of the Islamic Republic of Iran.'
More on receipt of oil revenues, Zanganeh said that there is no case of blockade over the oil exports revenues.
To a question by IRNA whether Iran received arears from British Petroleum over 50 percent partnership in Roham gasfield north of Europe, Zanganeh said he was not aware of and that's something to do with Naftiran Intertrade Company (NICO).
Roham gas field is in vicinity of Aberdin city in Scotland coastlines in the North Sea, as 50 percent of its share belongs to Iran and the remaining half to British Petroleum.
To a question on dissolution of National Iranian Gas Export Company (NIGEC),
Zanganeh said it will be dissolved and run as a subsidiary of the National Iranian Oil Company (NIOC).
As for fall in Turkmen gas exports to Iran, he said the fall in amount of Turkmen gas exports is the matter of the past.
Iran's gas exports reached four billion cubic meters in the first half (March 20-September 20) of the current Iranian year of 1395 (started on March 20), showing 3.4 percent rise compared to that in the same period the previous year.
Just a week ago, Deputy head of Ghadir Investment Company for Investment and Development Affairs Mansoor Kanani said based on a swap deal with Azeri and Turkmen gas companies, five million cubic meters/day gas is swapped between the two countries through Iranian soil and it will earn Tehran 1,000 billion rials net income.
Kanaani said as of next year, Turkmen gas swap with Azerbaijan through Iran will reach seven million cubic meters a day.
Based on another plan, swap of Russian gas with markets in Persian Gulf via Iranian soil will be finalized.
Meanwhile, Iran has on agenda another swap projects so as two raise crude oil swap and transfer capacity to the northern neighbors up to 2,500,000 barrels a day once necessary infrastructures are prepared and the bottlenecks are eliminated.
BACKDOC: WITH THE U.N SUPPORT NOW CLEAR IRAN IS MOVING FORWARD AT A RAPID PACE!
THEY WILL BE FORCED TO DEAL WITH THE BRICS COUNTRIES PRIMARILY BUT WE SEE DEALS ALSO BEING DONE WHILE THE U.S. MAY BE A STAND ALONE ON THE SANCTION ISSUE!
ONE HAS TO WONDER IF IT IS LARGELY TO KEEP AMERICANS FROM IRANS VAST WEALTH OR MORE THAT THEY WANT TO INSURE IRAQS SUCCESS! MMMMM DOC IMO
BACKDOC: THE PRESSURE IS NOW ON OPEC AND NON OPEC COUNTRIES TO CUT A DEAL TO REDUCE SUPPLY!
WE ARE NOW FINALLY AT THE POINT THAT I TOLD YOU ABOUT WHEN I WROTE THE MATRIX! A POLITICAL SOLUTION TO OVER SUPPLY MUST HAPPEN OTHERWISE COUNTRIES OUTSIDE THE U.S. WILL BE DEVASTATED!
THE U.S. UNDER TRUMP WILL QUICKLY HEAD TOWARD ENERGY INDEPENDENCE AND THEY KNOW IT! PARTICIPATING IN A PLAN IS THE ONLY SOLUTION OTHERWISE THE UNIVERSAL CURRENCY WILL BECOME AN ECONOMIC BOMB AS I STATED!
I WILL SHARE MORE ON THE IMPACT OF BLACK GOLD SALES AND ITS IMPACT ON CURRENCIES! DOC IMO
Thunderhawk: Oil rallies in choppy trade; dollar, stocks dip
Crude futures rallied in choppy trading on Monday ahead of an OPEC meeting later in the week that could reap production cuts, while the U.S. dollar recovered from earlier losses but was still slightly lower.
The dollar index .DXY dipped 0.08 percent after having fallen as much as 0.8 percent. The U.S. currency sank as much as 1.6 percent against the yen, going as low as 111.32 yen JPY= before recovering to 112.3.
Most analysts said the dip in the dollar since Friday was simply a corrective pullback with the greenback still on track for its strongest two-month gain since early 2015.
"It looks much more like a correction than anything else – a Monday morning clearing of the decks before the end of the month," said Societe Generale macro strategist Kit Juckes in London.
The euro was little changed versus the greenback after having gained nearly 1 percent to $1.0684 as it got a lift from the election of Francois Fillon as the center-right candidate in next year's French presidential election. It was last at $1.0582 EUR=.
Fillon, a former French prime minister, is favorite to become president, with a flash opinion poll suggesting he would easily beat far-right National Front leader Marine Le Pen in a second round run-off. Markets worry that Le Pen, who has promised a referendum on membership of the European Union if she wins, would threaten the future of the currency bloc.
On Wall Street, consumer and financial stocks weighed on the S&P 500 after rallying last week. Recently battered stocks in utilities and telecom services posted the largest gains.
"The absence of major economic news today offers investors a chance to take some light profit taking ahead of a barrage of macro news and the OPEC meeting," said Peter Cardillo, chief market economist at First Standard Financial in New York.
The Organization of the Petroleum Exporting Countries meets on Wednesday, while a week heavy in U.S. economic data including a GDP revision, inflation, factory and services activity is set to climax on Friday with the monthly jobs report.
The Dow Jones industrial average .DJI fell 44.64 points, or 0.23 percent, to 19,107.5, the S&P 500 .SPX lost 5.6 points, or 0.25 percent, to 2,207.75 and the Nasdaq Composite .IXIC dropped 13.49 points, or 0.25 percent, to 5,385.43.
The pan-European FTSEurofirst 300 index .FTEU3 fell 0.85 percent, while MSCI's gauge of stocks across the globe .MIWD00000PUS fell 0.16 percent.
Emerging market stocks rose 0.9 percent.
Asian shares .MIAPJ0000PUS rose 0.5 percent overnight led by gains in Hong Kong .HSI and Taiwan .TWII, though Japan's Nikkei .N225 ended down 0.1 percent.
Oil prices jumped in volatile trading after falling as much as 2 percent, recouping losses as the market reacted to the shaky prospect of major producers being able to agree output cuts later this week
U.S. crude CLc1 last rose 2.5 percent to $47.23 a barrel and Brent LCOc1 traded at $48.42, up 2.5 percent on the day.
Industrial metals also remained red hot on hopes of strong demand for property and infrastructure investment in China and the United States. Chinese steel futures SRBcv1 jumped nearly 6 percent.[MET/L]
Spot gold XAU= rose 0.7 percent to $1,191.15 an ounce. U.S. gold futures GCcv1 added 1.0 percent to $1,190.70 an ounce.
Copper CMCU3 reversed earlier gains to drop 0.4 percent to $5,856.00 a tonne.
In the bond market, the 10-year U.S. Treasury yield US10YT=RR hit a session low at 2.312 percent. Benchmark 10-year notes US10YT=RR last rose 12/32 in price to yield 2.3267 percent.
U.S. Treasury yields fell from last week's multi-month or multi-year highs on month-end buying and views that the selloff that followed the surprise U.S. presidential election victory of Donald Trump earlier this month may have gone too far.
BACKDOC: NOW THAT THE IEX IS HERE TO STAY THE OLD ANTIQUATED SYSTEMS ARE DOING THEIR BEST TO COMPETE IN A LOSING BATTLE.
THEY WILL HAVE TO FIND A WAY TO TRANSITION FULLY TO DIGITAL OR RISK LOSING ALL THEIR BUSINESS TO THE IEX!
THE PRESSURE IS ON AND ONCE THE DIGITAL CURRENCIES ARE RELEASED TO ROLL SOMETIME AFTER MARCH 2OTH THE RACE WILL BE IN FULL SWING!
THIS WILL BE A MASSIVE UNDERTAKING IN THE CURRENCY AND SECURITIES MARKETS! DOC IMO
Thunderhawk: Nasdaq’s Alternative To ‘Speed Bumps’
Nasdaq Inc. has become the latest U.S. stock exchange to follow in the footsteps of its upstart rival IEX Group Inc. with a plan to hit the brakes on ultrafast electronic trading.
A proposal unveiled by the New York-based exchange giant on Wednesday would encourage investors to post buy and sell orders on the Nasdaq Stock Market that last at least one second—eons in today’s markets, where high-frequency trading firms enter and cancel thousands of orders in fractions of a second.
“What it’s really meant to do is improve the ecosystem and the quality of the market,” said Tal Cohen, head of North American equities at Nasdaq.
Initially, the plan would apply only to orders placed by retail investors, but Nasdaq aims to expand it to let all market players participate, the exchange operator said in a filing with the Securities and Exchange Commission. Nasdaq said it crafted the initiative to address the needs of longterm investors.
The proposa would allow investors on Nasdaq’s flagship stock market to place “extended life” orders that couldn’t be canceled for at least one second. In return, such orders would be executed before competing orders at the same price.
Nasdaq said it hoped to implement the plan for retail investors in the first half of 2017, assuming it wins SEC approval.
Nasdaq’s move illustrates how incumbents are grappling with the impact of IEX, which won SEC approval to become a full-fledged stock exchange in June. IEX has cast itself as the advocate of investors fed up with rapid-fire trading. Its best-known feature is its “speed bump,” which imposes a delay of 350 microseconds, or millionths of a second, on all incoming orders. IEX says that helps thwart predatory trading strategies.