Close: London Session | Forex, Metals, Oil, Agriculture July 21, 2020


Routine demand, sufficient supplies and continuous selling by mills kept sugar prices steady for the fourth consecutive day. Over two decades ago Jay got his start at the Kansas City Board of Trade in the Wheat Futures pit. Chinese Starbucks customers can order the coffee chain’s drinks on Alibaba’s Taobao marketplace and mobile map app Amap, the companies said on Tuesday, expanding a partnership signed in 2018. It also covers the commodities market daily focusing on in-depth technical developments in GOLD, CRUDE OIL, SILVER, CORN & WHEAT.


Another important implication of the use of the US dollar in trade pricing is that a global strengthening of the US dollar entails short-term contractionary effects on trade. The U.S. dollar was little changed against rival currencies, while gold edged higher. The prevalence of dominant currencies like the US dollar in firms’ pricing decisions alters how trade flows respond to exchange rates. The prevalence of dominant currencies like the US dollar in firms’ pricing decisions alters how trade flows respond to exchange rates, especially in the short term. During the COVID-19 crisis, investor flight to safety assets and a strong US dollar battered emerging market (EM) stocks this year. The dollar was little changed against rival currencies, while gold edged higher. The dollar is mostly lower, led by the Australian and Canadian dollar and the Scandis. “Silver’s path of least resistance is up and strong equities are helping as well.” Silver, like gold, tends to trade in the opposite direction to the US dollar.

In fact, the share of US dollar trade invoicing across countries far exceeds their share of trade with the US.


Silver prices (SLV) have just begun to catch up a little bit to gold prices, with silver nearing the $20/oz mark. We sold (GOLD) from our portfolio earlier this year — and would note that this gold stock is much more speculative, but also offers more potential. This head grade is tracking at the high end of the trailing-twelve-month average of 4.20 grams per tonne gold and contributed to fiscal Q4 gold production of 38,000 ounces. Hubert is an independent gold and silver analyst who specializes in fractal analysis and the fundamentals of gold and silver . Silver 7 days Silver 14 days Silver 1 month Silver 3 months Silver 6 months Silver 1 year Seeking AlphaGold & Precious Metals | Market OutlookJul. Silver futures are surging again this morning, dramatically outperforming gold (which is also up notably) with both pushing to new multi-year highs… Silver futures are back near $21… … more Hubert is an independent gold and silver analyst who specializes in fractal analysis and the fundamentals of gold and silver .

In a gold stock, I look for several characteristics, including a nice rising trend in a company’s production of gold plus superior profit margins and a strong balance sheet. Credit: Earnings release) First Majestic says it produced 3.5 million SEOs in Q2, which consisted of 1.8 million ounces of silver and 15,764 ounces of gold.


These efforts have put Apache in a position to balance cash flows in a low $30s per barrel WTI oil price environment. Even reports that might suggest that we may get an increase in crude oil supply is not slowing down this crude oil morning rise. While Brent oil prices have stabilized between $38-42 a barrel since June, earnings and revenue growth remain negative for these companies in both 20Q3 and 20Q4. But the company might not increase capital spending or deploy additional rigs in the Permian Basin with oil in the $40s a barrel range. According to the press release: The average sales price for crude oil and natural gas liquids in first quarter 2020 was per barrel, down from $58 a year earlier. At a higher oil price environment of $40s a barrel, Apache can generate free cash flows under the current capital program. Apache realized oil prices of $23 per barrel in the US and $27.50 in the international markets, depicting large drops of 50.3% and 44.8% respectively from the first quarter.

Moving forward, Apache Corp. should post earnings growth and free cash flows as oil prices improve to $40 a barrel. The decline was widely anticipated considering the spot price of the US benchmark WTI crude averaged just $27.81 per barrel in Q2-2020, down from $45.76 in Q1-2020.

United States

President Donald Trump s re-election campaign ran Facebook ads this weekend claiming that the Chinese-owned short video app TikTok is spying on users. I signed up for a Trump rally, and I can’t go,” one woman joked, along with a fake cough, in a TikTok posted on 15 June. Donald Trump’s campaign promised huge crowds at his rally in Tulsa, Oklahoma, on Saturday, but it failed to deliver. After the Trump campaign solicited messages for the president’s birthday on 8 June, K-pop stans submitted a stream of prank messages. Tim Murtaugh, the Trump campaign’s spokesperson, said protesters stopped supporters from entering the rally, held at the BOK Centre, which has a 19,000-seat capacity. Apache produced a total of 283,000 boe per day of production from the US in the first quarter, which was equivalent to 67% of the company’s total output. Whether or not the prank to call in false tickets was the reason for the empty upper rafters at Mr Trump’s rally, teenagers online celebrated.

“The majority of people who made them deleted them after the first day because we didn’t want the Trump campaign to catch wind,” Daniel said. A Trump supporter sits in the upper rows of the BOK Centre in Tulsa, Oklahoma ahead of a campaign rally.


U.S.-China relations have deteriorated rapidly in 2020, especially since Beijing imposed a national-security law on Hong Kong earlier this month, dramatically curtailing the territory’s autonomy. The ads link to a survey asking whether TikTok, which is owned by Beijing-based tech giant ByteDance, should be banned in the United States. The world s dirtiest air isn t in Beijing or New Delhi. Monday’s announcement increases pressure on Beijing over Xinjiang, where Muslim minorities are believed to have faced mass detentions, forced labour and other abuses. Beijing has also announced plans to provide free COVID-19 tests to residents of Urumqi, the capital of Xinjiang which is experiencing an outbreak. Washington accuses the 11 of connections with forced labor or other human-rights abuses in China’s Xinjiang region.


Germany and Ms. Merkel are now in a position to lead Europe and others into the “new” world, strengthening allies and building trust in the world. : New round of negotiations between the EU and the UK as part of the Brexit process (considered as the new “soft” deadline to reach a compromise). Meanwhile, Boris Johnson faces a rebellion from members of his own party seeking to give Parliament a veto on new trade deals. The British government failed to investigate whether Russia interfered in the Brexit referendum and a full inquiry is needed, a panel of lawmakers said. For as long as Britain and Russia are facing in the same direction on Brexit, no one will be inclined to look anywhere difficult. Possible embarrassment around potential Russian interference into the Brexit referendum is also avoided with the admittedly remarkable admission that the government didn’t actively investigate it. Voices Close Related video: Government ‘actively avoided’ evidence of Russian interference in Brexit as long-awaited report released The Russia report’s chief conclusion is a Socrates/Rumsfeld mishmash.

It seems to propose a public inquiry and a lessons-learning exercise into alleged influence over Brexit. Let’s not be negative.. Much to the chagrin of Brexit-supporting, EU-hating Tory skeptics – Europe is getting there, plod by agonising plod.