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The weird resilience of the EUR - Guest: Jens Nordvig

Macro Mondays

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The War Between Speculators and the Saudi Arabians

If we look at the situation in Russia, and everything related to energy markets on the back of this failed coup or whatever we want to call it in Russia, we haven't really had a reaction. I think sort of once they retreated from Moscow, that sort of removed the worst nerves in the market. And thus the reaction has been quite tempered. So far without any true reaction in the oil prices, this is kind of an interesting situation if the speculator actually manages to force the OPEC plus group into noncompliance.

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