Agriculture
Mish on Coffee and Sugar Exchange less The EUR/USD completed a bearish ABC pattern at the 61.8% Fibonacci retracement level.
Currencies
A balanced message would likely keep stock markets happy while bond yields continue rising, yet at a controlled pace, only nudging the dollar higher. The single currency dropped in tandem with the British pound, but decreased less against the dollar. Ten-year US yields are now hovering around 1.63% while equities and the dollar are stable. ANALYSTS’ RECOMMENDATION Coupa Software Inc: JPMorgan raises target price to $125 from $121, considering Coupa s position as a leader in a competitive field and high dollar retention rates.
Gold ticked higher, while the dollar was little changed. He is also Chairman of SchiffGold, his precious metals dealer, Euro Pacific Asset Management, and Euro Pacific Bank, his brokerage firm for international clients. The U.S. dollar was little changed. This time, it’s related to bets that central bank will raise rates much earlier than its peers in the euro area. Education Relevant Work Experience less (Length 00:58:10) Peter Schiff is the CEO and Chief Global Strategist of Euro Pacific Capital, an SEC-Registered Investment Adviser and a full service broker/dealer.
He is also … more Peter Schiff is the CEO and Chief Global Strategist of Euro Pacific Capital, an SEC-Registered Investment Adviser and a full service broker/dealer.
Gold ticked higher, while the dollar was little changed. He is also Chairman of SchiffGold, his precious metals dealer, Euro Pacific Asset Management, and Euro Pacific Bank, his brokerage firm for international clients. The U.S. dollar was little changed. This time, it’s related to bets that central bank will raise rates much earlier than its peers in the euro area. Education Relevant Work Experience less (Length 00:58:10) Peter Schiff is the CEO and Chief Global Strategist of Euro Pacific Capital, an SEC-Registered Investment Adviser and a full service broker/dealer.
He is also … more Peter Schiff is the CEO and Chief Global Strategist of Euro Pacific Capital, an SEC-Registered Investment Adviser and a full service broker/dealer.
Metals
Image Source: Pixabay With the increase in the prices of gold and in the context of the coronavirus crisis, gold has rarely appeared as attractive as it does today. Gold prices in India struggled amid a similar trend in global markets as investors remained cautious ahead of the US Fed policy announcement. >> 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.
This is important because the gold price tends to bottom when the futures market open interest is relatively low. In his writing and research, Sumner specializes in monetary policy, the role of the international gold market in the Great Depression, and the history of macroeconomic thought. He follows regularly since 1970 the gold, silver and foreign exchange markets. Gold prices are trading up by 0.4% at Rs 44,985 per 10 grams. Another important consideration for holding gold is the opportunity cost, which translates the benefits that an investor might have been able to receive from an alternative investment project.
Fabrice shares his thoughts on the economy, stock markets, geopolitics, gold and silver. He follows and analyzes the gold and silver markets since 2008.
This is important because the gold price tends to bottom when the futures market open interest is relatively low. In his writing and research, Sumner specializes in monetary policy, the role of the international gold market in the Great Depression, and the history of macroeconomic thought. He follows regularly since 1970 the gold, silver and foreign exchange markets. Gold prices are trading up by 0.4% at Rs 44,985 per 10 grams. Another important consideration for holding gold is the opportunity cost, which translates the benefits that an investor might have been able to receive from an alternative investment project.
Fabrice shares his thoughts on the economy, stock markets, geopolitics, gold and silver. He follows and analyzes the gold and silver markets since 2008.
Oil
MARKETS TODAY OIL: Oil slipped for a fourth day as concerns about weaker demand in Europe outweighed an industry report that showed U.S. crude stockpiles unexpectedly fell last week. They also say that oil demand may not return to pre-covid levels for 2 years and warned that some of the covid oil demand destruction may be permanent. Global X ETFs New normal The International Energy Agency’s latest report makes grim reading for any oil bulls looking for a return to the pre-pandemic landscape for crude demand.
The IEA has declared that a “supercycle” in oil demand is unlikely while admitting that the agency underestimated demand in their last report. less After closing another week on the global oil markets, we took some time to reflect upon the past week. I have worked in the areas of oil refining, natural gas production, synthetic fuels, ethanol production, butanol production, and various biomass to energy projects. The IEA said, “Oil’s sharp rally to near $70 a barrel has spurred talk of a new super-cycle and a looming supply shortfall.
The International Energy Agency(IEA) thwarted an overnight American Petroleum Institute (API) report rally with a bunch of blarney and malarky about oil demand.
Even before Covid decimated crude oil demand, the American Energy Independence Index (AEITR) had returned 3% p.a., versus 16% for the S&P50 through 2019. The oil trader has not yet closed its 2020 accounts and the final profit figure may still change, the report said.
The IEA has declared that a “supercycle” in oil demand is unlikely while admitting that the agency underestimated demand in their last report. less After closing another week on the global oil markets, we took some time to reflect upon the past week. I have worked in the areas of oil refining, natural gas production, synthetic fuels, ethanol production, butanol production, and various biomass to energy projects. The IEA said, “Oil’s sharp rally to near $70 a barrel has spurred talk of a new super-cycle and a looming supply shortfall.
The International Energy Agency(IEA) thwarted an overnight American Petroleum Institute (API) report rally with a bunch of blarney and malarky about oil demand.
Even before Covid decimated crude oil demand, the American Energy Independence Index (AEITR) had returned 3% p.a., versus 16% for the S&P50 through 2019. The oil trader has not yet closed its 2020 accounts and the final profit figure may still change, the report said.
United States
Asian stock markets steadied but were under pressure today as investors assessed economic recovery and the risk of a shift in the Fed’s dovish policy projections. While the Fed is expected to keep the rates low, investors are keen to see Fed’s commentary on the economy and inflation. Futures tracking the S&P 500 and Dow Jones were subdued as investors held back on trades ahead of a U.S. Federal Reserve policy meeting outcome, while Nasdaq slipped. The Fed has yet to pass judgment on the run-up in rates; by contrast the European Central Bank last week pledged to step up its pace of bond purchases.
I also don’t think that the Fed will allow the interest rates to go much higher than 3.5% on the long-end. …the Fed should be every bit as optimistic about growth as the market has been, while still sticking to its script on the timing of any rate increase. So I expect to see more language like we saw last week from the Fed, that pushes back and adds qualifiers to “substantial progress.”
If the interest rates were to rise, the expenses with interest would skyrocket and leave the US government strangled. The Federal Open Market Committee (FOMC) of the US Federal Reserves (Fed) meets on Wednesday and their statement and the economic projections should be closely watched. Powell and the Fed have a – acknowledging the recovery and a potential for higher inflation, without stoking fears of a rapid rate increase.
I also don’t think that the Fed will allow the interest rates to go much higher than 3.5% on the long-end. …the Fed should be every bit as optimistic about growth as the market has been, while still sticking to its script on the timing of any rate increase. So I expect to see more language like we saw last week from the Fed, that pushes back and adds qualifiers to “substantial progress.”
If the interest rates were to rise, the expenses with interest would skyrocket and leave the US government strangled. The Federal Open Market Committee (FOMC) of the US Federal Reserves (Fed) meets on Wednesday and their statement and the economic projections should be closely watched. Powell and the Fed have a – acknowledging the recovery and a potential for higher inflation, without stoking fears of a rapid rate increase.
China
The move comes a day after Chinese President Xi Jinping warned that Beijing’s crackdown on big tech companies was just beginning, the report added. Beijing won t want to discuss what it sees as domestic issues (Hong Kong, Xinjiang, Taiwan). In China, President Xi Jinping has committed to net-zero emissions by 2060.
Europe
The European Union’s largest eastern economy is facing the prospect of a national lockdown after the number of new virus cases jumped the most since November. Last September, the European Commission presented its plan to reduce EU greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. Efforts by the EU and other regulators to police these green pledges may be critical to any success.The clock is ticking. The EU is on a path to surpass its goal of generating a third of its energy from renewable sources by 2030.
The European Union, for its part, has consistently maintained an aggressive stance toward carbon emission reductions. That would put the EU on a path to reach climate neutrality by 2050. Sterling retreated after the European Commission filed a lawsuit against the UK for allegedly breaching the Brexit agreement protocol on Northern Ireland. The UK, in particular, still has uncertainty around Brexit.
0 The European Union, for its part, has consistently maintained an aggressive stance toward carbon emission reductions. That would put the EU on a path to reach climate neutrality by 2050. Sterling retreated after the European Commission filed a lawsuit against the UK for allegedly breaching the Brexit agreement protocol on Northern Ireland. The UK, in particular, still has uncertainty around Brexit.
