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My bearish King Dollar and black gold trades are money gushers!

My bearish King Dollar and black gold trades are money gushers!

Arabian Post05-05-2025

Matein Khalid
I have not exactly been reticent in my conviction since last autumn that King Dollar was on the precipice of a seminal monetary regime shift that could mean 40% downside risk on its trade weighted index, as in 2001-06. Yet not in my wildest dreams did I anticipate that the New Taiwan dollar would surge 8% against the greenback, its best performance in 42 years, in only 2 sessions, boosted by a FX short covering squeeze on the prospect of an imminent Trump-Xi trade deal and the repatriation of funds back to the PRC's Renegade Province after an epic dump of American assets.
The biggest bang for the buck of the anti-dollar band wagon on Planet Forex now moves from the G-10 constellation to the rock and roll, lock and load world of emerging market FX. Who is the next obvious candidate for a pop against the buckeroo? The South Korean won, the Polish zloty and once the political calculus forces Lula to drop out of the 2026 election, the Brazilian real.
The Indian rupee has stopped falling at 84 even though Modi has dawned white gloves for his next 'surgical strike' on Pakistan. For now, the Aussie dollar is a buy on Albanese's landslide win and could hit 0.70 if Trump inks a China deal as a gift to the world to celebrate his 79th birthday on June 14, 2025. Vive le roi et gagnant Orange!
It was no surprise that the People's Action Party (PAP) will continue to rule Singapore with Lawrence Wong as its 4th PM since the state was born after the Father, the Son and the Holy Goh. The Sing dollar is Asia's Swissie and I would rather trust my savings to the anti-inflation, pro stability, monetary mandarins of the MAS rather than the Yessir, No-sir, Three Bags Full Sir MAGA creepo whom Trump will anoint as Fed Chairman to succeed Powel and inflate America's obscene debt until the CPI reaches 6% or higher.
See also My rationale for $5,000 an ounce Auric before this cycle ends
I do not want to sound like a broken record but my current project du jour is to research the world's lowest cost, longest life reserves silver mines with no output hedging overhang. After all, it was not profitable to be a dollar bull in 1978 and the ghost of the Hunt brothers tell me that the white metal was a parabolic monetary paydirt in 1979 and could well be the same in 2026.
Prince Abdulaziz has tanked the price of Brent crude, down 4% to 58 a barrel by yet another OPEC supply surge decision. Saudi Arabia has escalated its price war and strategy to preserve downstream market share from OPEC+ cheaters Kazakhstan and Iraq while positioning the Kingdom for the imminent end of sanctions on Russia after the Ukraine peace deal and even Iran if the smoke signals from the Muscat negotiations bear fruit on the White House lawn as Begin/Sadaat and the Rabin/Rafat handshakes did all those years ago. All bets are now off for downside risk in crude oil
Also published on Medium. Notice an issue? Arabian Post strives to deliver the most accurate and reliable information to its readers. If you believe you have identified an error or inconsistency in this article, please don't hesitate to contact our editorial team at editor[at]thearabianpost[dot]com. We are committed to promptly addressing any concerns and ensuring the highest level of journalistic integrity.

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Everything you need to know about the immigration protests in Los Angeles
Everything you need to know about the immigration protests in Los Angeles

Middle East Eye

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  • Middle East Eye

Everything you need to know about the immigration protests in Los Angeles

It was a weekend of mayhem in Los Angeles. In the midst of several large-scale raids on immigration communities, thousands of people took to the streets over the weekend to challenge the Immigration and Customs Enforcement (ICE) agency for detaining people said to be undocumented. The protests, which began on Friday, have been met with violent force, as the Los Angeles Police Department (LAPD) deployed tear gas, pepper balls, and rubber bullets to deter protests and even intimidate journalists. By Sunday, with protests expanding and tensions escalating, US President Donald Trump mobilised the National Guard without seeking California Governor Gavin Newsom's authorisation, to try and put an end to the protests. Trump made the deportation of undocumented persons in the US a central plank of his re-election campaign last year and has implemented policies of mass deportation with little regard for due process. Just days before protests erupted in Los Angeles, Trump implemented a new travel ban. California's state attorney general announced on Monday that it is suing the Trump administration. "Commandeering a state's National Guard without consulting the Governor of that state is illegal and immoral," Newsom said on Sunday, when he declared on X that he intended to take the president to court. New MEE newsletter: Jerusalem Dispatch Sign up to get the latest insights and analysis on Israel-Palestine, alongside Turkey Unpacked and other MEE newsletters Middle East Eye looks at Trump's targeting of undocumented people in the US, the protests unfolding in southern California, and the likelihood of the protests spreading to other parts of the country. How did the protests start? Protests began on Friday as ICE and FBI agents attempted to arrest migrant workers in Los Angeles' Fashion District. Protesters congregated near the Los Angeles Metropolitan Detention Center, where people arrested by ICE were being held. Protesters spray-painted anti-ICE slogans, and federal agents fired tear gas and rubber bullets at the crowd. As evening fell, the LAPD began advancing on the crowd, firing "less-lethal" ammunition and threatening arrests. On Saturday, an ICE raid on a Home Depot store in Paramount sparked further demonstrations. Protestors used shopping carts and cinderblocks to create makeshift barricades, and some threw rocks at ICE vehicles. On Saturday evening local time, protests continued in Compton, south of Los Angeles. These were met with a similar police response. That night, Trump also ordered 2,000 National Guardsmen to be sent to Los Angeles to quell the protests. Despite the deployment, protests continued on Sunday. Demonstrators shut down part of the 101 Freeway while police bombarded protestors with less-lethal ammunition, sometimes at near point-blank range, outside of the detention centre. Also, on Sunday evening, the city of Glendale announced that it had terminated an agreement with ICE to hold detainees. US: Palantir expanding immigrant surveillance tools for ICE to the tune of $30m Read More » During the protests, ICE detainees in a detention centre were seen flashing lights and hitting the walls, in what some protesters took as a signal to demonstrate against ICE on the outside. ICE has a long history of human rights abuses stretching back to its founding in 2003. Under both Democratic and Republican administrations, ICE facilities have been overcrowded and rife with staff misconduct. In some places, detainees are said to be given only one cup of water per day. The protests come after months of rising tensions in immigrant communities, as ICE operations began to escalate. In early February, thousands of high school students in Los Angeles walked out of their classes to protest ICE raids. Last week, the Trump administration set a quota for ICE to arrest 3,000 people per day. On Tuesday, ICE arrested 2,200 people, the most arrests in a single day by the agency. The agency is also said to have used duplicitous tactics to arrest undocumented migrants. On 3 June, for example, ICE sent out mass texts urging people to arrive early to their scheduled immigration appointments, only to arrest them on site. Two days later, ICE arrested a woman while her lawyer was in the bathroom. Protesters clash with law enforcement in the streets surrounding the federal building during a protest in Los Angeles, California, on 8 June 2025 (Ringo Chiu/AFP) How has the city responded? Los Angeles is a sanctuary city, which generally means refusing to cooperate with the federal government's immigration laws, including working with ICE agents. Still, the LAPD responded to the protests with force. Throughout the weekend, the LAPD attempted to disperse protestors by continuously firing less lethal ammunition into crowds of protestors. LAPD also beat protestors with batons and arrested at least 56 people. The city's police chief, Jim McDonnell, accused outside agitators of inciting violence. However, several events caught on live television showcase incidents of police brutality that undermine police testimony. In the first incident, LAPD officers beat a protester as he lay on the floor, and appeared to stomp over him with a horse. In another, a demonstrator was knocked over by a van as he tried to hold it back from moving forward. Police were also caught on camera refusing to call an ambulance for a woman they had shot in the head with a rubber bullet. JD Vance's mentor co-founded company that helps Israel generate 'kill lists' of Palestinians in Gaza Read More » Several journalists have also been targeted by the LAPD in the past several days, with some reporting injuries from rubber bullets and tear gas. On Sunday, a clip went viral of an LAPD officer shooting an Australian journalist in the leg with a rubber bullet. Protesters have responded by slashing the tires, spray painting and breaking the windows of police vehicles. In one instance, protesters on an overpass threw Lime scooters at police vehicles parked below. Los Angeles mayor Karen Bass condemned the deployment of the National Guard. However, Bass thanked the LAPD and threatened consequences for those involved in 'violence, destruction and vandalism'. Bass did not mention the LAPD's violence. What is the significance of the National Guard being deployed? Typically, a state's National Guard is only deployed after a request from the state's governor. On Sunday, Trump deployed the National Guard without the governor's authorisation for the first time since 1965. Secretary of Defence Pete Hegseth on Saturday also threatened to deploy 500 Marines to Los Angeles. California Governor Gavin Newsom requested that Trump rescind the deployment of the National Guard and accused Trump of trying to 'manufacture a crisis'. Trump's willingness to send in the National Guard without authorisation is reminiscent of his actions during the George Floyd protests of 2020, when masked federal agents indiscriminately detained protestors off the streets. However, the LAPD, not the National Guard, was responsible for most of the violence this weekend. What might happen next? In Los Angeles, protests are continuing. ICE raids on a Home Depot on Monday are already being met with resistance. The intensity of the opposition to ICE's presence could make federal authorities reconsider more incursions in Los Angeles. Protests have also spread to New York and San Francisco. In San Francisco, at least 150 protestors were arrested on Sunday evening after police declared an anti-ICE protest unlawful. Protestors spray-painted anti-ICE messages on police vehicles and damaged the windows of a Chase Bank. Earlier, on Saturday, protesters demonstrated against the transfer of undocumented immigrants detained by ICE in New York City. Over 20 people were arrested, with one protester being taken away in an ambulance. There have been several indications that more protests could expand in New York this week.

Mohammed bin Rashid lays foundation stone for Metro Blue Line
Mohammed bin Rashid lays foundation stone for Metro Blue Line

Sharjah 24

timean hour ago

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Mohammed bin Rashid lays foundation stone for Metro Blue Line

Spanning 30 km and comprising 14 stations, the new line is set to transform mobility across nine key districts, projected to be home to over one million residents, as outlined in the Dubai 2040 Urban Master Plan. Architectural highlights His Highness also approved the distinctive architectural design of the iconic Emaar Properties Station, the highest metro station in the world, standing at 74 metres. Inspired by the concept of a crossing gateway, the station was designed by the renowned American architectural firm Skidmore, Owings & Merrill (SOM), known for landmarks like the Burj Khalifa. Integration into urban environment The station is designed to integrate harmoniously into the existing urban environment and embodies the vision of 'Dubai: A Gateway to the Future'. Covering an area of approximately 11,000 square metres, it can accommodate up to 160,000 passengers per day, with daily users expected to exceed 70,000 by 2040. Expansion of the rail network With the completion of the Blue Line project, Dubai's rail network will expand to a total of 131 km, comprising 78 stations and 168 trains. Ceremony highlights Upon arriving at the ceremony, His Highness Sheikh Mohammed bin Rashid was welcomed by Mattar Al Tayer, Director-General of the Roads and Transport Authority. He viewed a historical gallery showcasing the vision of the late Sheikh Rashid bin Saeed Al Maktoum for a metro line connecting Dubai districts. Growth in ridership The Dubai Metro has transported over 2.527 billion passengers since its launch on 9/9/2009. In 2024, the Metro recorded a daily average of 900,000 passengers, with ridership growing steadily over the years. Future projections According to studies, the number of Dubai Metro passengers is expected to exceed 300 million in 2026 and reach 320 million by 2031. Station developments The service began in 2009 with 10 stations, expanding to 64 by 2021. The upcoming Blue Line will add 14 new stations, bringing the total to 78. Train fleet expansion The number of trains has increased from 16 at launch in 2009 to a projected 168 with the Blue Line completion, enhancing capacity and efficiency. Design evolution The exterior design of the elevated stations is inspired by seashells, while the interior reflects seven thematic models: Heritage, Earth, Air, Fire, and Water. Blue line connectivity The Blue Line links the Green Line at Creek Station and the Red Line at Centrepoint Station, serving residential and academic zones, with an estimated population of one million by 2040. Key routes of the Blue Line Al Tayer detailed the two main routes of the Blue Line, covering significant areas and enhancing connectivity. Economic impact The Blue Line project aligns with the Dubai Economic Agenda D33, projected to yield substantial economic benefits by 2040. Sustainability considerations The project incorporates sustainable design principles, including green building standards, aiming to reduce traffic congestion and enhance property values. Conclusion The Dubai Metro Blue Line marks a significant milestone in the city's transportation network, enhancing mobility and supporting the goal of making Dubai the world's best city to live in.

Brazilian President visits INTERPOL headquarters in Lyon, commends vital role it plays under leadership of UAE's Ahmed Al-Raisi
Brazilian President visits INTERPOL headquarters in Lyon, commends vital role it plays under leadership of UAE's Ahmed Al-Raisi

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Brazilian President visits INTERPOL headquarters in Lyon, commends vital role it plays under leadership of UAE's Ahmed Al-Raisi

10 June 2025 00:51 LYON (WAM)President Luiz Inácio Lula da Silva of Brazil today underscored Brazil's commitment to combating transnational organised crime during his visit to INTERPOL, the world's largest policing by INTERPOL President Ahmed Naser Al-Raisi, the Brazilian President was briefed on INTERPOL's critical work in supporting member countries to protect vulnerable populations, preserve the environment and dismantle organised crime visit represents a strong endorsement of INTERPOL's mission and its leadership role as central to tackling one of the most urgent security challenges of our time.A Letter of Intent between Brazil and INTERPOL was signed during the state visit, which will see an even greater exchange of information, expertise and best practice in the fight against crime, further strengthening Brazil's position as a leader in combating all forms of Lula praised the vital role played by INTERPOL, affirming that it is an indispensable platform for achieving collective security, especially given its history that spans over 100 years and its membership of 196 countries, making it the largest international organisation in terms of expressed his country's commitment to strengthening cooperation with multilateral security agencies, based on Brazil's responsibility as a pivotal power in Latin his part, Major General Al-Raisi welcomed the visit and valued Brazil's position as a key player in efforts to combat organised crime on the reaffirmed INTERPOL's ambition to expand partnerships with countries that possess advanced policing capabilities, in a way that enhances regional and international part of international recognition and appreciation, Major General Al-Raisi awarded the Brazilian President the INTERPOL Medal of the Highest Order, in acknowledgement of his outstanding contributions to crime fighting at the national, regional, and international levels. This visit marks the first by a Brazilian President to INTERPOL headquarters and represents a milestone in the trajectory of international security cooperation. It also reflects Brazil's growing support for the organisation under active Arab leadership, represented by the United Arab Emirates through the presidency of Major General Al-Raisi.

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