Midweek News 8May

Source: EIA (May 2013)

Graphics

Central Banks

  • China Names Yuan Convertibility Plan As Goal This Year. (Bloomberg)
  • Primary Dealers Median Forecast Of Current QE: $1.25tril. (Reuters)
  • Australia Jumps Back Into the Currency War, Cuts Rates 25bps. (Telegraph)
  • Why Monetary Policy Won't Work. (Validus)

Geopolitics

  • US Heads 41-Nation War Game In Persian Gulf. (RT)
  • Madame Lagarde Urges Euro Members For Banking Union. (Reuters)

Supply/Demand & Markets 

  • API: +680k v +1.9mil exp. (Reuters)
  • EIA: +230k v +2mil exp. (EIA)
  • Iran Developing New Oil Contract Formula To Draw Foreign Investors. (Platts)
  • JPMorgan Plans Commodity Trader Job Cuts. (Bloomberg)
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