Close: London Session | Forex, Metals, Oil, Agriculture August 14, 2020



When a U.K. coffee shop began offering a vegan sausage roll, for example, it drove more growth in traditional meat products than it did in the vegan sausage roll. In that regards, the coffee shop’s value promotions of dollar iced coffee and two for $5 breakfast sandwiches appeared to gain traction with customers over the period. Finally, delivery is now available at 1,200 Tim Horton’s Canadian locations, after the company added 1,000 restaurants to the coffee shop’s delivery network over recent months.
The area around Wuhan has been submerged, destroying a lot of the wheat crop which feeds China. So coffee and Coca-Colas are excluded from Core Inflation, but Budweiser and Jack Daniels aren’t.


The linking to the US dollar is done because the dollar serves as the world’s reserve currency and denominates about 60% of the monetary reserves of the entire world. RISKS TO AUSTRALIAN DOLLAR OUTLOOK In the short-term, US-China tensions continue to linger and thus pose a risk to the Australian Dollar. Gold prices fell as a rally in U.S. treasuries and a steady dollar prompted a sell-off in bullion following a steep retreat from record peaks. Gold prices fell as a rally in U.S. treasuries and a steady U.S. dollar prompted a sell-off in bullion following a steep retreat from record peaks.
The euro closed 0.26% higher over the dollar yesterday as the eurozone continued to show further signs of economic recovery. Well, let’s assume that the US dollar (along with all other currencies) now not pegged to a gold standard, and as such a fiat currency won’t survive. On top of that, the local currency has twice been devalued against the dollar this year, risking losses when the money is repatriated.
This year is a year of trouble inside many countries and change for the US dollar bullish index ETF (NYESARCA: UUP). It may also continue to benefit from momentum in lumber and the ongoing dollar weakness. With the US dollar having resumed its sell-off, the bias for silver remains bullish here with a focus on continued upside.


Hubert is an independent gold and silver analyst who specializes in fractal analysis and the fundamentals of gold and silver . … more Hubert is an independent gold and silver analyst who specializes in fractal analysis and the fundamentals of gold and silver . The gold miners have increased at an even faster pace, as measured by the VanEck Vectors Gold Miners ETF (NYSE:GDX) and are up almost 38% on the year. The silver market has seen broadly the same price action as gold this week with price reversing from earlier highs to retest key support levels.
The gold market has seen a firm reversal this week trading lower from the 2074.77 level to retest the rising trend line from year to date lows. Even with the correction in prices, gold and silver remain among the best performing commodities this year to combat the fallout from the coronavirus pandemic. Also, gold had a great year in 1973, going from around $65.2 to a high for that year of around $126.45.
After rising 17 per cent in the first half of the year, gold prices surged to record highs before retreating on Tuesday to just below $2,000. This means we will likely see gold reach $7 758 (in the near future) and eventually go on to reach multiples of that high. However, the upside moves in USD ran out of steam midweek, and price quickly reversed lower, helping fuel support on gold prices.


Despite fee-based businesses and significant exposure to natural gas, midstream tends to trade more in line with oil prices than seems justified, and oil prices drive sentiment. BEFORE THE BELL Canada’s main stock index futures fell, as oil prices weakened following uncertainty around its demand recovery due to the COVID-19 pandemic. My focus is in the financial markets, cyber-security, hacking, agriculture, natural gas, crude oil, geopolitics and alternative investments.
Oil prices are struggling to follow through on this week’s breakout as global fears about Covid-19 and lockdowns rise along with mixed economic data coming out of China.
Credit Suisse raises target price to $53 from $50, citing positive industry conditions with upward revisions for U.S. crop, improving vegetable oil demand and strong grain exports to China. For one, more modest production growth could be supportive of the ongoing recovery in oil prices. A more stable oil price helped by producer discipline could be more conducive for midstream equities than higher volumes. We also write daily and weekly reports, covering key variables in U.S. natural gas market (supply, demand, storage, prices and more).
US oil production fell to 10.0 million barrels per day (MMBpd) in May, which was down 2.7 MMBpd, or 21.5%, from March 2020 as producers shut in wells. Oil slipped over demand recovery fears and rising supply.

United States

less The US Index saw a slight progression as the weekly unemployment claims drop below one million for the first time since March. President Trump has been on a crusade, Last month, he even suggested the presidential election should be delayed due to the virus pandemic and the prospect of mail-in voting. Asked by CBS News’ Catherine Herridge why black Americans continued to die in the hands of police, the US president responded by saying “so are white people”.
For bond investors, it is critical to understand the movement in the US Treasury bond markets in the global context of currency-hedged, investment-grade interest rates. We also recommend following the latest information regarding the adoption of the new stimulus package for the US economy. “As always, authorities outside the US may seek data needed for criminal investigations through diplomatic procedures,” Google said in a statement emailed to Reuters. Last week s departures were revised downwards with diversions noted towards West Africa and Canada at the same time as demand in the US faltered.
So are white people,” said president Trump. Smaller banks say Ameribor reflects the cost of funds in trading in financial markets for banks that aren’t among the Fed’s exclusive counterparties—also known as primary dealers. Economically, the Fed warned that the U.S. could expect muted growth as long as restrictions remain in place due to the virus.


Read the view China bank failure fires quiet warning shot Beijing will let Baoshang Bank go under in the first such insolvency since 2001. Chinese Vice Premier Liu He, President Xi Jinping’s chief trade negotiator with Washington, is expected to bring up concerns over the executive orders against the WeChat and TikTok apps. Concern about Beijing’s espionage has turned eyes to TikTok’s treasure trove of information on our children.


Boris Johnson has for the first time committed himself to an independent inquiry into the handling of the coronavirus pandemic in the UK. Boris Johnson promises independent inquiry into coronavirus pandemic It’s a stunningly effective scam. The demarche was based on a statement by the EU s top foreign policy official, Josep Borrell, in which he condemned the U.S. for what he called intimidation tactics. UK chief negotiator David Frost said on Thursday that a Brexit agreement can be reached with the European Union in September, adding further positive sentiment.
But Apple’s integration has also sparked a probe by the European Union into whether it inhibits competition by only allowing its own apps to use iPhones’ NFC. Sharing the full story, not just the headlines Download now “I consider Boris Johnson’s pronouncements to be a provocation,” she added. Turkey is joining the EU.