Agriculture
China’s soybean March imports were at 7.77 million tonnes, up 82% year over year, and meat imports at 1.02 million tons, up 11.4% year over year. Commodities are also picking up: wheat, corn, silver, etc., and the Invesco Commodity Tracking Fund (DBC) is up steadily in 2021.
Currencies
The dollar rose, while gold prices slipped. The U.S. dollar rose, while gold prices slipped. US stocks are still tracking at record highs and the US Dollar isn’t exactly overwhelmingly bid. New Zealand dollar (NZD) traders will be very busy today as the Reserve Bank of New Zealand (RBNZ) delivers its rate statement and policy overview. Among the majors, sterling leads the modest advancers, while the Norwegian krone, Swiss franc, and Canadian dollar nurse modest losses.
The unemployment rate in the euro area will remain well above 2019 levels even in 2022 (rising from 7.9% in 2020 to 8.3% in 2022). This remarkably similar pattern proves that once in the elevator, the dollar is going up. On this background, a “” response in the dollar is a plausible outcome. Worse, the Rupee has fallen below 75 to a dollar and more weakness is expected. The dollar is decidedly mixed.
The unemployment rate in the euro area will remain well above 2019 levels even in 2022 (rising from 7.9% in 2020 to 8.3% in 2022). This remarkably similar pattern proves that once in the elevator, the dollar is going up. On this background, a “” response in the dollar is a plausible outcome. Worse, the Rupee has fallen below 75 to a dollar and more weakness is expected. The dollar is decidedly mixed.
Metals
Gold, meanwhile, is experiencing a corrective moment amidst a bigger downswing, while the miners are undergoing a decline on bigger volume than they had during last week’s correction. If Bitcoiners can convince investors that it has replaced gold’s standing in a matter of a decade, crypto’s position of importance is justified in simple form. In yesterday’s flagship Gold & Silver Trading Alert, I emphasized that the next short-term top had most likely already formed last Thursday (Apr.
With the abandonment of the Gold Standard during World War I and the burst of inflation that followed, investors’ focus changed. Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. Gold prices for the latest contract on MCX are trading up by 0.3% today at Rs 46,525 per 10 grams. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. Gold has been an established form of value for thousands of years – longer than any other asset class.
That narrative is not so appealing to gold or Bitcoin enthusiasts, but it is likely a far more accurate assessment. S&P 500 futures indicated a move into the green at the open, the 10-year Treasury yield was at 1.693%, oil was over $60 a barrel and gold slipped.
With the abandonment of the Gold Standard during World War I and the burst of inflation that followed, investors’ focus changed. Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. Gold prices for the latest contract on MCX are trading up by 0.3% today at Rs 46,525 per 10 grams. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free. Gold has been an established form of value for thousands of years – longer than any other asset class.
That narrative is not so appealing to gold or Bitcoin enthusiasts, but it is likely a far more accurate assessment. S&P 500 futures indicated a move into the green at the open, the 10-year Treasury yield was at 1.693%, oil was over $60 a barrel and gold slipped.
Oil
Continental expects oil production to average about 152,000 barrels of oil per day (bopd) and natural gas production to average about 935 million cubic feet per day (mmcfpd). Diamondback said it expects 2021 net oil production of 360,000 to 370,000 barrels of oil equivalent per day (boed), compared with its earlier estimate of 308,000 to 325,000 boed. U.S. gasoline demand is showing signs of surging and oil traders should brace for a substantial crude oil draw in this week’s report.
I have worked in the areas of oil refining, natural gas production, synthetic fuels, ethanol production, butanol production, and various biomass to energy projects. Here are the terms I considered in the graphic: The following graphic shows the change in U.S. oil production in million barrels per day (BPD) since JFK’s inauguration. While our appetite for consumption of energy products is ravenous, higher oil prices are sure to fan inflationary tendencies as oil is a universal intermediate.
Continental Resources Inc: The company said the Texas winter storm in February impacted its first-quarter production by about 6,000 barrels of oil equivalent per day. Domestic jet fuel production gained 13 kbd vs. the last report to 1.159 million bpd, while gasoline production fell 60 kbd WoW to a level of 9.279 million bpd. The UAE was not only the largest exporter last week, it was also the largest off-taker, with 29% of loaded fuel oil volumes discharging in the country.
China reported that their March crude oil imports were at 49.66 million tons, up 21% year over year.
I have worked in the areas of oil refining, natural gas production, synthetic fuels, ethanol production, butanol production, and various biomass to energy projects. Here are the terms I considered in the graphic: The following graphic shows the change in U.S. oil production in million barrels per day (BPD) since JFK’s inauguration. While our appetite for consumption of energy products is ravenous, higher oil prices are sure to fan inflationary tendencies as oil is a universal intermediate.
Continental Resources Inc: The company said the Texas winter storm in February impacted its first-quarter production by about 6,000 barrels of oil equivalent per day. Domestic jet fuel production gained 13 kbd vs. the last report to 1.159 million bpd, while gasoline production fell 60 kbd WoW to a level of 9.279 million bpd. The UAE was not only the largest exporter last week, it was also the largest off-taker, with 29% of loaded fuel oil volumes discharging in the country.
China reported that their March crude oil imports were at 49.66 million tons, up 21% year over year.
United States
Their reaction would take the form of selling U.S. Treasuries, pushing up yields in anticipation of a trend in higher inflation and earlier-than-expected Fed action to raise rates. The previous record was 5.4%, FactSet Of course, with market’s at record highs, Wall Street needs drastically higher estimates to rationalize bullish allocations. Wall Street futures were in red, in line with European stocks, ahead of the U.S. inflation data scheduled for release later in the day.
US stock futures are trading marginally higher today indicating a positive opening for Wall Street indices with Dow Futures trading up by 40 points (up 0.1%). Then, a first rate hike in December is the most likely outcomeThe use of Johnson & Johnson’s vaccine has been put on pause in the U.S after clotting cases. From the peak level of 13 million barrels a day (mbd) in 2019, the US output currently stands at less than eight mbd. This data became paramount after the Fed suggested it would give the economy a long leash, to allow it to rebound from its pandemic related ravage.
In any case, the Fed prefers the personal consumption expenditures price index for tracking inflation, and that runs lower than the CPI. Wall Street has responded by making Nvidia the second-most-valuable company in the chip space globally, with a market value more than 40% above that of the much larger Intel. With the trend being up, a breakout by this key tech index would send a bullish message to the Nasdaq as well as the broad markets.
US stock futures are trading marginally higher today indicating a positive opening for Wall Street indices with Dow Futures trading up by 40 points (up 0.1%). Then, a first rate hike in December is the most likely outcomeThe use of Johnson & Johnson’s vaccine has been put on pause in the U.S after clotting cases. From the peak level of 13 million barrels a day (mbd) in 2019, the US output currently stands at less than eight mbd. This data became paramount after the Fed suggested it would give the economy a long leash, to allow it to rebound from its pandemic related ravage.
In any case, the Fed prefers the personal consumption expenditures price index for tracking inflation, and that runs lower than the CPI. Wall Street has responded by making Nvidia the second-most-valuable company in the chip space globally, with a market value more than 40% above that of the much larger Intel. With the trend being up, a breakout by this key tech index would send a bullish message to the Nasdaq as well as the broad markets.
China
Secrecy and abuse claims haunt China s solar factories in Xinjiang. Secrecy and abuse claims haunt China’s solar factories in Xinjiang. China has been accused of human rights abuses in Xinjiang, where it s targeted the Uighur population using scanning systems.
Europe
But any new rules could clash with another major EU goal: boosting its prowess in advanced technologies like AI to better compete with the U.S. and China. The goods trade balance with the EU has increased in the last two decades, and now, with the new administration in place, the trend is likely to continue. The EU could be leaning toward answering those pleas. We note the neighboring countries, Mexico and Canada, but also China and the EU. His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc.
Deliveroo flop, Jamie Dimon threats stoke fears about London’s post-Brexit future. Armin Laschet and Markus Soeder both want to succeed Merkel when she stands down.
0 Deliveroo flop, Jamie Dimon threats stoke fears about London’s post-Brexit future. Armin Laschet and Markus Soeder both want to succeed Merkel when she stands down.
