Agriculture
Cans of corn | The world s largest agricultural commodities trader says China s record buying spree isn t over. The latest increase reflected strong gains in sugar, cereals and vegetable oils.
Currencies
Higher prospects of a generous package may send investors away from bonds, raising yields, and supporting the dollar. The prospects of higher US growth and more debt issuance have been causing a sell-off in bonds, and the resulting higher yields make the dollar more attractive. While the economic calendar is pointing to an increase of 50,000 jobs, investors are eyeing higher levels and that may trigger a “” response weighing on the dollar. The dollar rose amid rising Treasury yields, stabilization of the US labor market and confidence in the economic outlook stateside.
Yesterday, gold suffered a collapse through important support as the dollar and US yields rise took the precious metal to its lowest levels since December. Following the broadly weak NFP report, the US Dollar pulled back slightly, alongside US yields, supporting the dovish Fed case. Should the initial reaction be strong enough to trigger weak stops, we may see a sharp move in the dollar as well.
less While equities continue to march higher, the dollar is softer amid position squaring ahead of the US jobs data. A robust report today could bolster the dollar, as the short-term trading community still seems short. On the NFP release, the initial reaction belongs to trading algorithms that automatically buy or sell the dollar based on how much the actual number differs from the forecast.
Yesterday, gold suffered a collapse through important support as the dollar and US yields rise took the precious metal to its lowest levels since December. Following the broadly weak NFP report, the US Dollar pulled back slightly, alongside US yields, supporting the dovish Fed case. Should the initial reaction be strong enough to trigger weak stops, we may see a sharp move in the dollar as well.
less While equities continue to march higher, the dollar is softer amid position squaring ahead of the US jobs data. A robust report today could bolster the dollar, as the short-term trading community still seems short. On the NFP release, the initial reaction belongs to trading algorithms that automatically buy or sell the dollar based on how much the actual number differs from the forecast.
Metals
In the previous session, gold had dropped over Rs 1,000 or 2% per 10 gram while silver had slumped Rs 1,500 or 2.1% per kg. Note that the recent fall in global prices and import duty cut in the Budget 2020-21 has pushed gold prices in India to near seven-month lows. Gold prices for the latest contract on MCX are trading up by 1% at Rs 47,157 per 10 grams. He follows regularly since 1970 the gold, silver and foreign exchange markets. >> Fabrice Drouin Ristori on Twitter is an independent investment analyst and studies the gold and silver market and their future role in the international monetary system.
In global markets, gold prices edged up but still remained below the key psychological US$ 1,800 level. S&P 500 futures pointed to another move higher at the open ahead of the jobs report, the 10-year Treasury yield was at 1.157%, oil rose and gold gained. Gold prices are trading up by 0.4% at Rs 46,880 per 10 grams. Gold prices today struggled to edge higher after a sharp four-day fall.
He follows and analyzes the gold and silver markets since 2008.
In global markets, gold prices edged up but still remained below the key psychological US$ 1,800 level. S&P 500 futures pointed to another move higher at the open ahead of the jobs report, the 10-year Treasury yield was at 1.157%, oil rose and gold gained. Gold prices are trading up by 0.4% at Rs 46,880 per 10 grams. Gold prices today struggled to edge higher after a sharp four-day fall.
He follows and analyzes the gold and silver markets since 2008.
Oil
IDBI CapitalIndian Oil (Buy)Target: ₹113CMP: ₹103.65Indian Oil Corporation’s Q3-FY21 result was a beat to our estimates owing to robust performance from marketing and petrochemicals business. Oil prices hit its highest level in a year on demand recovery hopes and supply cuts by OPEC and its allies. Equinor said in a separate statement that the reservoir is expected to contain between 44 million and 69 million barrels of oil equivalent. With the lag time to bring on production and the massive retracement in global supply, the oil markets are screaming for more production.
This move by the Saudis will go unchallenged by the Biden administration because they favor higher oil and gasoline prices. oil companies are a motley bunch of large publicly traded corporations and small privately held firms are not making the industry’s pitch to regain investor confidence easier, either. Ubben’s investment firm Inclusive Capital Partners is also discussing taking a stake in the U.S. oil producer if he was appointed to the board, according to the report.
Refinitiv Oil Research projects exports of Northwest European (NWE) gasoline to the United States (US) to stand at 146,000 tons this week, abroad four vessels.
Telecom stocks and oil & gas stocks, on the other hand, witnessed selling pressure. But oil processors appear to be skimping on routine spring overhauls that typically prepare refineries for peak summer output.
This move by the Saudis will go unchallenged by the Biden administration because they favor higher oil and gasoline prices. oil companies are a motley bunch of large publicly traded corporations and small privately held firms are not making the industry’s pitch to regain investor confidence easier, either. Ubben’s investment firm Inclusive Capital Partners is also discussing taking a stake in the U.S. oil producer if he was appointed to the board, according to the report.
Refinitiv Oil Research projects exports of Northwest European (NWE) gasoline to the United States (US) to stand at 146,000 tons this week, abroad four vessels.
Telecom stocks and oil & gas stocks, on the other hand, witnessed selling pressure. But oil processors appear to be skimping on routine spring overhauls that typically prepare refineries for peak summer output.
United States
Nasdaq Futures are trading up by 44 points (up 0.3%), while Dow Futures are trading up by 125 points (up 0.4%). less Retail investors, Redditors, hedge funds, trading platforms, and financial media are “over” the epic (Nasdaq: GME) “Super Squeeze” that saw shares rise several thousand percent in days. US stock futures are trading higher today indicating a positive opening for Wall Street indices. US stock futures are trading higher today, indicating a positive opening for Wall Street.
The company expects full-year adjusted sales to be $8.45 billion, above Wall Street’s average estimate of $8.31 billion. An army of retail investors went toe-to-toe with Wall Street professionals last month by buying into stocks that were heavily shorted by hedge funds. The bureau, which in many ways grew less forceful under the Trump administration, is expected to more strictly enforce consumer protections under the Biden administration. 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.
Futures tied to the S&P 500 ticked up 0.5%, contracts linked to the technology-heavy Nasdaq-100 advanced 0.4% and Dow futures edged 0.5% higher. This makes this US fund manager the fastest growing in the US with assets up from $3bn at the same time last year.
The company expects full-year adjusted sales to be $8.45 billion, above Wall Street’s average estimate of $8.31 billion. An army of retail investors went toe-to-toe with Wall Street professionals last month by buying into stocks that were heavily shorted by hedge funds. The bureau, which in many ways grew less forceful under the Trump administration, is expected to more strictly enforce consumer protections under the Biden administration. 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.
Futures tied to the S&P 500 ticked up 0.5%, contracts linked to the technology-heavy Nasdaq-100 advanced 0.4% and Dow futures edged 0.5% higher. This makes this US fund manager the fastest growing in the US with assets up from $3bn at the same time last year.
Europe
Rather than embrace what seems like all its “money printing” coming to fruition finally, the ECB immediately poured reasonable and honest cold water all over it. 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. Prime Minister Boris Johnson may be a “comeback kid” – returning to the government and at the top job – and the pound is making similar moves.
EU lawmakers set to urge market-linked levy on imported carbon. Nowadays, even when there might be the slightest trace, those at the ECB, anyway, are approaching this differently. His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. This formula, taken up in France by Emmanuel Macron, will therefore find its application in Italy.
0 EU lawmakers set to urge market-linked levy on imported carbon. Nowadays, even when there might be the slightest trace, those at the ECB, anyway, are approaching this differently. His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. This formula, taken up in France by Emmanuel Macron, will therefore find its application in Italy.
