Close: London Session | Forex, Metals, Oil, Agriculture January 27, 2021



The world’s largest coffee chain’s global same-store sales fell 5% in its first quarter, more than analysts’ estimates of a 3.4% decline.


The loss of its value is not perceptible to most as a dollar is still worth a dollar. Uncertainty over Joe Biden’s $1.9 trillion covid stimulus plan dragged on the market mood, boosting the safe haven US Dollar which pulled on demand for gold. In this scenario – which has the highest probability – stocks may edge lower after their recent gains and the dollar is unlikely to make any substantial waves. Gold prices slipped as the dollar climbed, while investors awaited further clarity on U.S. monetary stimulus.
Uncertainty over the US $1.9 trillion stimulus plan, covid growth concerns and US-Sino tussle weighed on the market mood and boosted the US dollar’s appeal as a safe-haven. less Gold (XAU/USD) wavered in a $10 range around $1855 on Tuesday, settling in the red amid a broadly firmer US dollar. Besides opinions of worth, the difference between the dollar and gold is gold has provided a means of storing wealth and transacting for millennia.
This is because we have the FOMC meeting in the United States, and Chairman Powell may or may not say something that moves the US dollar. Another major driver of this has been the US dollar falling in strength, and I think that continues to be the longer-term cyclical play. Conversely any hint of gradually reversing stimulus could boost demand for the US Dollar and exert pressure of EUR/USD.


In 2002 when gold was $300 per ounce, MAM recommended to its investors to put 50% of their investment assets into physical gold stored outside the banking system. The Gold Analyst offers quality technical and fundamental analysis of the price of gold to help educate readers in their investment decisions. SPDR Gold Shares (GLD), the first U.S. gold ETF launched in 2004, made up the majority of North American inflows at $15.4B. less Gold prices barely changed today as the market waits for the Federal Open Market Committee’s (FOMC) decision on interest rates.
The company has since rolled back the prices and said it would let users access free-to-play games without the need for Gold membership. Source: Bloomberg, DailyFX Gold prices have been weighed by rising US Treasury yields and a potential delay of Biden’s US$ 1.9 trillion fiscal stimulus plan recently. Little is expected from today’s FOMC meeting, but a surprise in either direction could get the gold market’s attention.
The GoldSwitzerland Division was created to facilitate the buying and storage of physical gold and silver for private investors, companies, trusts and pension funds. It is also bullish for gold but is more bullish for commodities and certain equity sectors. S&P 500 futures pointed to some weakness at the open, the 10-year Treasury yield was at 1.043%, oil rose and gold was lower.


Oil prices were steady after industry data showed U.S. crude inventories fell unexpectedly. Merey 16 stocks at the country’s main oil terminal, the Jose port, fell to 4.85 million barrels as of Jan. 25, down from 9 million barrels on Dec. 21. Gains in natural gas over coal for power generation are set to reverse this year, because of higher prices for the former (see Emissions To Rise Under Democrats). Daily oil production was restored to 227,200 tonnes on Jan. 25 from about 195,700 tonnes on Jan. 21 and 182,774 tonnes on Jan. 20, the data showed.
U.S. crude inventories fell by 5.3 million barrels in the week to January 22 to about 481.8 million barrels, data from an industry body showed. Democrat policies to inhibit oil and gas production are already having an impact. Green Daily In climate news today… Biden to order climate measures including oil leasing moratorium. Falling oil prices seem like a good thing, a tax cut-like boost in spending power.
Oil supermajors to show the worst is over with commodities rally. Originally built to supply natural gas from the southeast to New York, in recent years it’s switched directions in places.

United States

When the company reports earnings on Wednesday afternoon, Wall Street analysts are expecting great news. Markets slip Equity markets are lower as investors digest a wave of earnings reports as they wait for the latest Fed decision. However, an upside breakout of the pattern would upend the technical domino effect, propelling the stock even higher.Finally, Apple (NASDAQ:AAPL) too is reporting earnings after the close. What is the UBS House view?I see the future trajectory as being positive and that it is reasonable to expect 10 per cent upside from current levels in 2021.
BEFORE THE BELL Wall Street futures were in the red, ahead of the Federal Reserve s policy decision, due later in the day. Total revenue rose to $4.08 billion from $3.35 billion a year earlier, above Wall Street estimates of $3.6 billion. If the Fed Chair says that recent data was somewhat disappointing, investors may conclude that Gross Domestic Product data for the fourth quarter missed estimates.
Nasdaq Clearing, a Swedish unit of Nasdaq, had also violated EU regulations by investing its own funds in derivative contracts for too long after the default, the regulator said. Fed policy drives liquidity, and liquidity drives the stock market. The Fed works their magic by adjusting the nation’s money supply to manage interest rates and keep interest expenses manageable.


Small gains were reported in Tokyo, Beijing, and Taipei.


David Merkel is an investment professional, and like every investment professional, he makes mistakes. The company pulled out of a meeting with the European Union scheduled, the official said. David J. Merkel, CFA — 2010-present, I run my own equity asset management shop, called Aleph Investments. Investors have been focusing on the latter figure and pushing the pound higher, especially as the EU is battling AstraZeneca around doses supplies. Was it a failure by state governments or by the EU coordinators in Brussels?The truth may be somewhere in the middle.
Vaccine nationalism it seems is the new trade protectionism.The EU hinges on the notion of the greater good.