Close: London Session | Forex, Metals, Oil, Agriculture June 02, 2021



On the Corn front, the USDA released a strong good-to-excellent rating and said the corn crop is off to a better start than last year. 95% of the corn crop is planted and Brazil’s second corn crop estimate was cut again as yields hit a five-year low. Coincidentally, one of those exchange traded products, the iPath Series B Bloomberg Coffee Subindex Total Return ETN (JO) was one of our system’s top ten names on Monday. In the overnight electronic session, the July corn is currently trading at 698 ¾ which is 1 cent higher.
The Company Starting to Break Down Fashion s Waste Problem A one-time paper pulp manufacturer has a process to recycle the polyester-cotton blends.


less The US dollar is enjoying broad, even if not large, gains today following yesterday’s recovery from three-year lows against sterling and four-year lows against the Canadian dollar. Gold prices slipped from a near five-month high scaled in the previous session, while dollar rose on strong U.S. data. Gold prices slipped from a near five-month high scaled in the previous session, while U.S. dollar rose on strong U.S. data. It also registered its best month since July 2020 in May, driven mainly by the weaker dollar and higher consumer prices in the U.S. and the UK.
His monetary policy suggestion is at odds with conventional economic theories, and has helped push the lira to a new record low against the dollar this morning. In an inflationary state, one’s purchasing power or the amount of goods and services that can be purchased per dollar declines as time progresses. Even with its fall, dogecoin’s market value of nearly $55 billion still exceeds that of Kraft Heinz Co. and Dollar General Corp.
Rising inflation worries, easy monetary policies, and a weaker dollar to name a few. At around 6.38 to the U.S. dollar, the yuan is at its strongest level since 2018. less The euro initially tried to rally during the trading session on Tuesday but has failed again at the 1.2250 level.


In the case of gold, the reversal took gold – temporarily – to new highs, but then gold declined once again. 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. The latest data from the Commodity Futures Trading Commission (CFTC) shows that hedge funds increased their speculative net long positions in gold by over 10,000 contracts.
Gold prices for the latest contract on MCX are trading up by 0.3% at Rs 49,140 per 10 grams. Gold prices are trading up by 0.3% at Rs 49,140 per 10 grams. Hedge funds have increased their bullish bets on gold and do not appear to be afraid of recent talk of Federal Reserve tightening sooner than expected. Even with the recent volatility in prices, gold remains among the best-performing commodities this year to combat the fallout from the coronavirus pandemic.
In the previous session, gold had risen to over a four-month high of Rs 49,700 per 10 grams. “As money leaves crypto and people are still looking for inflation hedges, gold and silver are going to be much better placed to go,” he said recently.


Pressure on big oil companies to go more green means that we will have less oil and higher prices for oil and gas, those are facts. Oil edged higher, supported by an OPEC+ decision to stick to its plan to restore supply to the market gradually in addition to demand prospects. The Biden administration suspended oil drilling leases in the Arctic National Wildlife Refuge yesterday which will reduce the oil supply. Crude rally OPEC and its allies provided an upbeat assessment of oil demand for the rest of the year as the group ratified a production increase for July.
Then the coronavirus pandemic struck last year, just months after Weatherford emerged from chapter 11, decimating demand for oil and gas.
Less oil higher prices. In contrast, state-controlled rivals are free to drill to meet future oil demand with scant consideration of their carbon footprint. Imperial Oil Ltd: Credit Suisse raises target price to C$45 from C$40, saying the company has outperformed all its peers by 30-36% in the last 9 months. Why should we take the so-called fact-checkers seriously, that claim that Biden Administration Policies have no impact on oil prices?
Tamarack Valley Energy Ltd: CIBC raises target price to C$4 from C$2.75, citing the company’s acquisition of Anegada Oil.

United States

Revenue surged 191% year over year to about $956 million, beating the company’s own projection and Wall Street’s consensus estimate of $905 million. Notably, a dovish Fed, strong corporate earnings data, and an accelerated coronavirus vaccine rollout kept investors optimistic about a faster U.S. economic growth recovery. BEFORE THE BELL Wall Street futures were broadly flat ahead of this week’s monthly jobs and private payrolls data. Wall Street futures were broadly flat ahead of this week’s monthly jobs and private payrolls data.
Take a look CNBC Pro’s list of inflation winners: Follow Many of Wall Street’s tech darlings have taken a breather recently. The systemic risk arises as a result of a 100+ year period (since the Fed was created in 1913) of deficit spending and debt explosion. less Enterprise services provider Workday (NASDAQ: WDAY) recently announced its first-quarter results that continued to surpass market expectations.
Nasdaq Futures are trading down by 7 points (down 0.1%) while Dow Futures are trading flat. The ups and down of the break-even rate have come under scrutiny in recent months as investors have grown increasingly concerned about inflation. Image: Shutterstock Wall Street had a decent run on the bourses in May despite intensifying concerns about the rising inflation levels.


Füracker also criticized the ECB’s zero interest rate policy as a poison for the typical savings plan. It is higher than experts’ forecast of 1.9 and the European Central Bank’s (ECB) target of below but close to 2%. Macron s Trouble With German Pharma Alliance Initiative aimed at repatriating manufacturing of medicines and equipment. He suggested that the ECB should raise the interest rates from 0%.