Oil Upside and Euro Underperformance — MM #134

It’s crunch-time for oil after the OPEC accord and we crunch the data to see some upside. We then move to something more depressing: European elections which are already depressing the euro. 

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  1. Awesome oil: The price of the black gold has reasons to rise, thanks to some preliminary supply data and a surprising change in demand. We dive into the details and provide an outlook for oil.
  2. European elections and the euro: The upcoming elections in the Netherlands, France, Germany and perhaps Italy and Catalonia are already taking their toll on the euro, early in the game. We dive into it.
  3. Preview: Yellen is the star with the first testimony in front of the new Congress as well as key US and UK data.

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