The global energy market remains on fire, with surging gas and coal prices now increasingly impacting crude oil as well, with consumers looking for alternative fuels to substitute punitively high and increasingly growth impairing prices for gas and coal across the world. Under normal circumstances, a surge of this magnitude...

The unfolding global energy crunch is the biggest threat to global growth and equity valuations as it putting upward pressure on inflation and interest rates. Yesterday was an interesting session as it was the first session since February and March that we could clearly see interest rate sensitivity become a...

Everything points to a brutal 7-year auction, which may provoke a deeper selloff in the secondary bond market. Bidding metrics are quickly deteriorating, and yields are rising fast as investors position for earlier rate hikes. If today's 7-year auction tails a lot, it's safe to assume that the secondary bond...

Market sentiment has finally reached a breaking point on the pressure that had been building for weeks in energy prices and for less than a week in yields, with US Treasury yields taking out key levels all along the curve. In response the US dollar has strengthened more broadly, not...

The left chart shows the daily time frame. Here we see that UKOIL is in the bullish area – between the upper blue and upper red bands. The RSI suggests that the daily chart is overbought and that normalization is due. The right chart shows the hourly time frame. As...

Today we discuss whether the global energy crunch issue, after another day with massive rises in natural gas prices and Brent crude crossing the 80 dollar/barrel threshold, is set to administer a "Eureka moment" to markets and trigger a run for cover. An additional issue that could pressure risky asset...

Equity markets are in a nervous mood after the recent sharp comeback, perhaps in part on signs of a sustained energy crunch nearly everywhere, as natural gas prices spiked to a new record in Europe and to multi-year highs in the US and Brent crude traded north of 80 dollars...

China announced a full-blown crackdown on cryptocurrencies, effectively forbidding roughly any crypto-related activity in the country. On the adoption side, Twitter announced a tipping feature using Bitcoin and Ether. And to end this Crypto Weekly, Bitcoin is not surprisingly still using an abnormal amount of electricity.Cryptocurrencies are illegal in China...

Bond yields in the US, UK, and Europe have broken above critical resistance levels, entering a fast area that could take them even higher. In Europe, flash CPI data are likely to weigh more on the bond market than the German election this week. Indeed, a coalition is not likely...

My non-scientific guess is that the next German government will certainly be a coalition of the SDP, the Greens and the FDP - the so-called Traffic Light coalition.Uncertainty prevails in Germany: According to the Federal Returning Officer website which is responsible for overseeing elections on the federal level, the center-left...