Close: London Session | Forex, Metals, Oil, Agriculture January 25, 2021



Its primary business includes oil palm and rubber plantation products, oleochemicals and sugar products. It also covers the commodities market daily focusing on in-depth technical developments in GOLD, CRUDE OIL, SILVER, CORN & WHEAT. Over two decades ago Jay got his start at the Kansas City Board of Trade in the Wheat Futures pit.


Because financial markets, especially the currency markets, move way ahead of the central bank, the risk is that the dollar will take a nasty turn. He reasoned that with the recent weakness in the US dollar and possibly more trade-friendly Biden administration in power, prospects for emerging markets stocks look encouraging. The consensus is that the dollar will continue to decline and that the stock market will continue to rise. A week ago, after the first NFP (Non-Farm Payroll) report in the United States, the markets offered a picture of what a strong dollar might trigger.
less The US dollar’s rebound has mirrored the pause in the equity market. All these gloomy headlines – coming one week after Blue Monday – all add to fresh gains for the dollar. Trillion dollar questionA bipartisan group of lawmakers challenged White House economic adviser Brian Deese on the size of the proposed $1.9 trillion stimulus plan in a call yesterday. Oil, gold, and metal prices fell, the dollar went belly-up, and the real rates too.
Kevin Cook was a high-frequency institutional currency trader for nine years, starting with the introduction of the euro currency in 1999. In other words, officials in-country knew they were in dollar trouble before it really showed up in the peso.


The Gold Analyst offers quality technical and fundamental analysis of the price of gold to help educate readers in their investment decisions. Arvind Sahay, Chairperson, India Gold Policy Center (IGPC) at IIM-Ahmedabad (IIM-A), shares insights on how gold can contribute to governments revenues. YPF is Argentina’s (former) gold mine, in this case the black gold of energy exploitation. The greenback dropped by 0.1% against a basket of rival currencies that made gold less expensive for investors using other currencies.
Gold’s performance is, therefore, now likely to be mainly dependent on the allocation of liquidity, and the share of other new asset classes such as cryptocurrencies. in Computer Science from Ben Gurion University less On Monday, gold prices edged lower on the uncertain passage of the massive U.S. COVID-19 stimulus package. In physical trading, the demand for gold in Singapore and China picked up last week as the Chinese New Year approaches.
Another factor that supported gold is the increase in the global number of coronavirus infections to more than 98 million because of vaccination delays. In an interview with BusinessLine, he speaks about what is needed when it comes to sourcing ‘Responsible Gold’ and fair trade practices. Also, real estate and gold are among the other assets that can help hedge against inflation.


President Biden is having early success with his “raise the price of oil” agenda as both oil prices and gas prices continue to rise. Energy company layoffs are coming as over 100 U.S. oil and gas companies went bankrupt because of the covid -19 oil demand drop. Saudi seaborne crude exports for last week were seen at 40.1 million bbl (5.7 million bpd) compared to the revised 51.5 million bbl (7.4 million bpd) the week prior. But many proposals consist of vague promises rather than concrete measures.Take, for example, China National Offshore Oil Corp, the largest offshore oil and gas producer in China.
Oil prices were in the green as supply jitters offset fresh concerns about the hit to global fuel demand from renewed lockdowns to curb spikes in COVID-19 infections. less Unless you think the economy is suddenly going to take off to the upside, it is very difficult to imagine that crude oil will continue to go higher. Weekly Iraqi crude exports gained marginally by 0.7 million bbl to 23.0 million bbl (3.3 million bpd).
Easing of COVID-19 related restrictions has propelled oil demand and prices, which remain stable since a late-2020 rebound from historic lows.
Supertankers to Get Junked on Asia s Beaches Virus is destroying market for supertankers that deliver the world s crude oil. FGV produces about 3m tons per year of crude palm oil.

United States

US shares are trading higher, led by the NASDAQ (~5% this month), as several tech companies report earnings this week. On the other hand, persistently high inflation may force the Fed to consider raising rates and pulling back their market support. less It’s shaping up as a very eventful week again, with the Fed’s latest monetary policy decision on Wednesday expected to be a highlight. On the other hand, the new administration in Washington is supposed to reverse many of the changes in foreign and domestic policies the Trump administration made.
This week’s Fed meeting might not be eventful but policymakers are expected to maintain the liquidity flow for at long as possible. Both data points exceeded market expectations and the previous readings, reminding investors that the US economy continues to recover even as the pandemic resumes. On Wednesday, the Fed will communicate its decision on interest rates and overall monetary policy. Therefore, the risk at the Fed’s meeting on Wednesday is that it might hint at the tapering of the quantitative easing program and thus offer hawkish forward guidance.
One may wonder what the new confirmed cases of COVID-19 in Israel have to do with the Fed’s policy? Nasdaq Futures are trading up by 125 points (up 0.9%), while Dow Futures are trading down by 13 points (down 0.1%).


In the four months since China s President Xi Jinping pledged that the country would be carbon neutral by 2060, its climate researchers have been busy making road maps. The new Biden administration has been clear that it is not immediately altering the policy toward Beijing that it inherited. This past Saturday, Beijing was particularly bellicose.


The slow rollout of the vaccine in the EU is clearly starting to impact economic activity and the political response remains unfocused. The UK has now vaccinated 10% of its population at a daily vaccination rate of almost five times the pace of most of the EU countries. AstraZeneca’s vaccine is expected to be approved for use in the EU on Jan. 29, with first deliveries expected from Feb. 15. The January central bank meeting comes after the ECB extended its pandemic purchase program by 500 billion euros in December.
Macron and Biden Discuss NATO and Climate Change in First Call They underscored a wish that their countries maintain a strong relationship. ECB Christine Lagarde is also due to speak, which could inject further volatility into the pair. Meanwhile, Australia s priority is to seal trade deals with the European Union and the U.K., new Trade Minister Dan Tehan said. The concern reflects the impact on businesses from coronavirus restrictions, as well as customs and borders delays linked to Brexit.
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. Investors mostly forgot about the saga after the EU and the UK reached an agreement on Christmas Eve – but the friction is becoming apparent in recent days.