Weekend News 09Feb

USD-WTI & Brent-WTI Correlations.

As inferred last week (here) & (here), the 97s failed as support and the market auctioned lower into the middle Jan cluster (95s-97s), achieving a stopping point at/near the structural support, 95s. 

Market response at 95s will be key next week. IF 95s fail as support, then price discovery lower into the lowest Jan trade cluster, 94.30s-92.40s. IF 95s are defended as support, then the market will revisit 97s and possibly challenge the intermediate high at/near 98.20s. 
Graphics

• China Trade, Imports, & Exports. (Reuters/Catherine Trevethan)
• SP 500 Sector Breadth. (Bespoke)
• German Exports. (Markit)

Central Banks 

• The RBS LIBOR Files. (FT Alpha)
• Ireland's Prom Night. (Bloomberg)
• Weekly Balance Sheet. (Federal Reserve)
• Venezuela Devalues Bolivar 32%. (Bloomberg)

Geo-Politics

• Iran Rejects Direct Talks With The US. (RT)
• Geithner, "Creative & Tireless Thinker", Joins CFR. (Zerohedge)

Supply/Demand & Markets

• Chevron Commits To $5.6bln African Crude Investment. (FT Beyond BRICs)

HFT/Algo 

• An Ecological Study Of HFT. (Inigo Wilkins & Bogdan Dragos/HFT)