Close: London Session | Forex, Metals, Oil, Agriculture February 04, 2021



There is likely to be a modest increase in coffee prices especially in the second half of the year. Brazil — by far the world’s largest producer and exporter — is forecast to harvest a much lower crop for 2021-22 because of weather-related challenges, mainly excessively dry weather. But coffee could be an exception because of supply shortfall and demand revival operating together. Global coffee market is tightening.


less On Thursday, gold and silver prices declined on a stronger dollar in early European trading. The dollar strengthened on improved economic outlook, while gold and silver prices slipped. The U.S. dollar strengthened on improved economic outlook, while gold and silver prices slipped. CMC Markets’ chief market strategist Michael McCarthy noted that the strengthening of the dollar is a major driver of precious metals’ prices. Markets mixedThis week’s move higher in global equities is running out of steam a little today, as corporate earnings rolled in and the dollar rose.
SIG has a forward P/E ratio of 10.64, meaning it is likely undervalued even though it is trading merely a dollar and change below its 52-week high of $44.26. Beyond that, I would also need to see a strengthening US dollar (UUP) to get excited. The dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.28 per cent to 91.42. The Indian rupee ended unchanged at 72.96 (provisional) against the US dollar on Thursday even as the domestic equity markets scaled fresh highs.
He is also Chairman of SchiffGold, his precious metals dealer, Euro Pacific Asset Management, and Euro Pacific Bank, his brokerage firm for international clients.


In other words, when the ratio breaks lower, the price of Gold and Silver will trend higher with Silver outperforming Gold. Gold and silver prices today edged lower in Indian markets today amid a slide in rates of precious metals in global markets. Unlike gold, silver is currently being supported by all three simple moving-averages, and while this remains the case, silver may continue to hold current levels. Spot gold is currently trading at $1,825.14 per ounce as of 0734 GMT, while spot silver is trading at $26.64 an ounce.
less The Gold-to-Silver Ratio is simply gold price divided by silver price. If you are looking at silver and silver mining stocks as a long term investment, it is not the short squeeze that should be your consideration. This ratio is inversely correlated with the underlying physical gold and silver. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Gold prices may continue to fall.
That means for every 1 ounce of gold mined, there are 8 ounces of silver. Gold prices for the latest contract on MCX are trading down by 0.8% at Rs 47,340 per 10 grams.


The Anglo-Dutch oil major’s annual profit slumped 71% to $4.8 billion as its oil and gas production and profits from refining crude into fuels dropped sharply. Oil majors could get a boost from solid oil prices & earnings from RDSB in focus. U.S. crude stockpiles fall, gasoline inventories surge -EIA U.S. crude oil stockpiles fell while gasoline inventories jumped unexpectedly, the Energy Information Administration said on Wednesday. The company s annual profit slumped 71% to $4.8 billion as its oil and gas production and profits from refining crude into fuels dropped sharply.
BEFORE THE BELL Futures for Canada’s main stock index rose as oil prices advanced after U.S. inventories fell and OPEC+ alliance stuck to its reduced output policy. This is given the heavy decline in oil prices last year as well as the massive drop in demand seen worldwide. The problem of diminishing returns affects far more than oil supply; it affects coal, natural gas, mineral extraction in general, fresh water production and food production.
Oil prices advanced as the OPEC+ alliance stuck to its reduced output policy.
ABB said demand from the oil and gas, conventional power generation and marine power industries remained subdued. less Oil prices are surging this week on declining inventory levels, OPEC+ developments, and an improving global economic outlook.

United States

Nasdaq Futures are trading down by 4 points (flat) while Dow Futures are trading down by 47 points (down 0.2%) The rupee is trading at 72.90 against the US$. Nasdaq Futures are trading up by 39 points (up 0.2%), while Dow Futures are trading up by 16 points (up 0.1%). US stock futures are trading higher today indicating a positive opening for Wall Street indices. The Fed last year adopted a new approach in which it won’t raise rates even if unemployment falls to levels previously associated with rising inflation pressures.
WSJ analyzed how Reddit posts, YouTube videos and tweets by personalities including Elon Musk spread online and fueled a trading craze that turned Wall Street upside down. Wall Street futures edged higher as investors focused on corporate earnings and economic recovery ahead of weekly jobless claims and factory orders data. US stock futures are trading lower today, indicating a negative opening for Wall Street. Its net sales rose to $1.84 billion in the second quarter ended Dec. 31 from $1.45 billion a year earlier, beating the average Wall Street estimate of $1.75 billion.
The company reported fourth-quarter results on Wednesday that were slightly ahead of Wall Street’s expectations, with revenue growing 27%, up from the 12% growth reported in the third quarter. Armed with the info above, last week’s investors saw the Nasdaq 100 (NDX) falling despite much better than expected earnings.


Solar Firms Eye Supply Tracing Concerns mount over forced labor in China s Xinjiang region.


However, ECB officials warned last month that European banks could be underestimating the credit trouble ahead. David J. Merkel, CFA — 2010-present, I run my own equity asset management shop, called Aleph Investments. David Merkel is an investment professional, and like every investment professional, he makes mistakes. Far-right leader Marine Le Pen is currently the only serious rival to Emmanuel Macron for France s 2022 presidential election, a new poll shows.
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. On the other hand, the recent lockdown – and Brexit – may have weighed on the economy. The U.S. and Israel are far ahead of the EU in distributing shots. Main focus: Europe, Eurozone, Germany and ECB.