Agriculture
The corn market has led the way even inspiring the soybean market not to drag down on shaky if at best news. Coca-Cola Co. has flagged higher costs in plastic and aluminum, as well as coffee and high-fructose corn syrup, the key ingredient in soda. In the overnight electronic session, the May corn is currently trading at 670 ½ which is 15 cents higher. We will always find corn in harvest we never thought was there. Over two decades ago Jay got his start at the Kansas City Board of Trade in the Wheat Futures pit.
Currencies
Other outperformers included the Japanese yen (+0.81%), the New Zealand dollar (+0.74%), the Swiss franc (+0.69%), the British pound (+0.32%), the Canadian dollar (+0.26%), and the Australian dollar (+0.17%). The dollar continues to edge lower Monday amid speculation Federal Reserve Chairman Jerome Powell will not announce tapering at this week’s meeting, fueling higher copper prices. The EUR/USD pair had previously found strong support at the 1.17 level and is now considerably higher due to a weak dollar rather than a strong euro.
Gold prices held firm, supported by a weaker dollar ahead of the U.S. Federal Reserve’s meeting this week. Gold prices held firm, supported by a weaker U.S. dollar ahead of the U.S. Federal Reserve’s meeting this week. Gold and silver started the week flat and will likely see increased volatility once the Fed reveals its next move and the dollar reacts. The weaker dollar made the bullion less expensive for investors using rival currencies.
June WTI was turned back from the $62.30 area and is trading around a dollar lower near midday in Europe. The US dollar and oil are both at inflection points as traders prepare for increased volatility during and after the two meetings. Today we’ll have a look at an updated list of the global stocks that generate the most dollar volatility every day.
Gold prices held firm, supported by a weaker dollar ahead of the U.S. Federal Reserve’s meeting this week. Gold prices held firm, supported by a weaker U.S. dollar ahead of the U.S. Federal Reserve’s meeting this week. Gold and silver started the week flat and will likely see increased volatility once the Fed reveals its next move and the dollar reacts. The weaker dollar made the bullion less expensive for investors using rival currencies.
June WTI was turned back from the $62.30 area and is trading around a dollar lower near midday in Europe. The US dollar and oil are both at inflection points as traders prepare for increased volatility during and after the two meetings. Today we’ll have a look at an updated list of the global stocks that generate the most dollar volatility every day.
Metals
The Gold Analyst offers quality technical and fundamental analysis of the price of gold to help educate readers in their investment decisions. Also known as the “poor man’s gold,” silver made headlines this year as retail traders rallied on Reddit to manipulate the price higher. Despite gold, silver and mining stocks’ recent corrective upswings, the precious metals are running out of steam. On top of renewables, a shift towards a digital economy and rising demand for electronics to support the remote work lifestyle adds additional support to copper prices.
less Gold prices went up on Monday as the growing number of new COVID-19 cases in several countries boosted the demand for the safe-haven metal. Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. The resilience of copper prices suggests industrial use for copper in China continues. Judging only by the differential between supply and demand, the average silver price is forecast to rise by more than 30% this year alone.
On the speculative side, Reddit users failed to manipulate the price higher because the silver market is much bigger than any individual stock (and is therefore hard to move). DailyFX strategist Margaret Yang noted that the deteriorating COVID-19 situation lifted gold demand and prices.
less Gold prices went up on Monday as the growing number of new COVID-19 cases in several countries boosted the demand for the safe-haven metal. Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. The resilience of copper prices suggests industrial use for copper in China continues. Judging only by the differential between supply and demand, the average silver price is forecast to rise by more than 30% this year alone.
On the speculative side, Reddit users failed to manipulate the price higher because the silver market is much bigger than any individual stock (and is therefore hard to move). DailyFX strategist Margaret Yang noted that the deteriorating COVID-19 situation lifted gold demand and prices.
Oil
less India’s COVID 19 nightmare is impacting oil prices and may cause OPEC plus to cut back production of oil instead of standing pat. Japan is the world’s fourth largest oil importing country, consuming around 7% of global oil exports during 2019. Iranian oil production could be another wildcard in the oil market. Oil prices dropped on worries over fuel demand, while an expected supply increase from OPEC+ also added to the pressure. The prospect of an increase in Libyan oil output following the end of a force majeure on exports from Hariga port similarly weighed on the market.
Local lockdowns have put in doubt optimistic forecasts for the country’s growth, while oil is down today on reduced Indian demand. Crude oil is down more than 1% today as investors prepare for OPEC’s message later in the week. Northwest Europe exported almost 300,000 tons of gasoline to the US last week according to Refinitiv Oil Research data. The oil cartel and its allies have decided to add 2.25 million bpd from May to July at a meeting held on April 1st.
India is the world’s third largest oil importer and accounted for around 10% of global imports in 2019.
Local lockdowns have put in doubt optimistic forecasts for the country’s growth, while oil is down today on reduced Indian demand. Crude oil is down more than 1% today as investors prepare for OPEC’s message later in the week. Northwest Europe exported almost 300,000 tons of gasoline to the US last week according to Refinitiv Oil Research data. The oil cartel and its allies have decided to add 2.25 million bpd from May to July at a meeting held on April 1st.
India is the world’s third largest oil importer and accounted for around 10% of global imports in 2019.
United States
The US and European equity markets remain strong, and this week is particularly important because of major tech companies — including Microsoft, Tesla, and Apple — releasing their earnings. This week is going to be a busy one for the stock market with corporate earnings picking up pace both in Europe and the US. BEFORE THE BELL Futures tracking the Nasdaq 100 index fell as big technology stocks dipped ahead of first-quarter earnings this week. Futures tracking the Nasdaq 100 index were down, pressured by technology shares taking a hit ahead of first-quarter earnings results this week.
Key news to watch for this week: FOMC meeting, Fed Chairman Powell’s press conference, Q1 GDP data in the US and Eurozone, and China’s manufacturing and services sectors PMIs. Fed officials may want to improve the equity in employment, but they cannot give unskilled workers the training they need to provide what companies need. His market analysis can also be read in most major financial publications, including the Wall Street Journal.
The Fed has been continuing to convince investors it has no intention of changing its policy, making data of slightly less importance at this point. less What promises to be a notable week has begun off quietly: the US, EMU, and South Korea report Q1 GDP. US stock markets rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.
Key news to watch for this week: FOMC meeting, Fed Chairman Powell’s press conference, Q1 GDP data in the US and Eurozone, and China’s manufacturing and services sectors PMIs. Fed officials may want to improve the equity in employment, but they cannot give unskilled workers the training they need to provide what companies need. His market analysis can also be read in most major financial publications, including the Wall Street Journal.
The Fed has been continuing to convince investors it has no intention of changing its policy, making data of slightly less importance at this point. less What promises to be a notable week has begun off quietly: the US, EMU, and South Korea report Q1 GDP. US stock markets rebounded on Friday as Wall Street reassessed concerns arising from news that the White House could seek a hike to the capital gains tax.
China
Adding to their optimism, governments including the Biden administration and Beijing see a role for nuclear power in global efforts to mitigate climate change.
Europe
Suppliers delivery times for factories fell to the lowest level since the survey started in May 2007.U.K.The Flash U.K. Composite Output Index surged in April amid looser pandemic restrictions. ECB President Christine Lagarde said the Eurozone’s central bank will keep up the faster rate of purchases to support the lagging European economy. The EU and the UK are reportedly negotiating a quid pro quo deal on dealing with trade in Northern Ireland. Post-Brexit trade order | The U.K. and Australia have agreed to most of a free-trade agreement, with a deal between the countries now expected in June.
By now, I have built up excellent skills and experience in analyzing macroeconomic and political developments in Europe, the Eurozone and Germany, including ECB watching. Meanwhile, market participants are still digesting the message sent by Christine Lagarde at the previous ECB meeting. His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc.
EU Eyes New Pollution-Cutting Trading System for Cars, Buildings European Union leaders will gather in Brussels for a special session on May 25. The U.K. and the EU want to cut emissions 68% and 55% below 1990 levels. For sterling, Johnson’s Brexit actions matter more and they are pound-positive (FXB, UDN).
0 By now, I have built up excellent skills and experience in analyzing macroeconomic and political developments in Europe, the Eurozone and Germany, including ECB watching. Meanwhile, market participants are still digesting the message sent by Christine Lagarde at the previous ECB meeting. His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc.
EU Eyes New Pollution-Cutting Trading System for Cars, Buildings European Union leaders will gather in Brussels for a special session on May 25. The U.K. and the EU want to cut emissions 68% and 55% below 1990 levels. For sterling, Johnson’s Brexit actions matter more and they are pound-positive (FXB, UDN).
