Agriculture
The vessel will be at least the second to arrive this year from Turkey, with a previous shipment carrying organic cracked corn. We, as an industry, have to consider what happens when the U.S. produces more organic corn than it can consume, Koory said.
Currencies
None of these countries are reflected in the ICE dollar index, but they collectively make up around 10% of the WSJ dollar index. The Canadian dollar alone carries a 9% weighting on the ICE index and is up 1.7% against the dollar so far this year. Rising yields and a strong dollar also did not help the oil market. FOREX: The dollar held its ground against other major currencies as investors digested the U.S. Federal Reserve’s pledge this week to look past inflation and keep interest rates low.
The market reacted as the Fed intended, the yields on the long-term debt dropped, the dollar declined, and stocks made a new all-time high. The dollar index gauges the greenback’s strength against a basket of six currencies, advanced 0.08 per cent to 91.94. Another factor holding down the dollar is that many other economies are also seeing their prospects brighten. The New Zealand dollar, the euro, the yen and the franc all logged mild gains on the back of this downtick.
The broader WSJ Dollar Index is down 10.8% from a year ago. True, a weak dollar means decreased purchasing power for U.S. consumers, but that is what inflation does.
The market reacted as the Fed intended, the yields on the long-term debt dropped, the dollar declined, and stocks made a new all-time high. The dollar index gauges the greenback’s strength against a basket of six currencies, advanced 0.08 per cent to 91.94. Another factor holding down the dollar is that many other economies are also seeing their prospects brighten. The New Zealand dollar, the euro, the yen and the franc all logged mild gains on the back of this downtick.
The broader WSJ Dollar Index is down 10.8% from a year ago. True, a weak dollar means decreased purchasing power for U.S. consumers, but that is what inflation does.
Metals
It’s an important topic, because while Mike and I are convinced gold and silver are headed much higher, one’s strategy can impact how much they profit. With the US currency being less strong than in previous years, both gold and silver have begun steady inclines, with the white metal gaining more ground. Gold prices traded 0.43 per cent higher at $1,740 per ounce in New York. >> 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.
Fabrice shares his thoughts on the economy, stock markets, geopolitics, gold and silver. He follows regularly since 1970 the gold, silver and foreign exchange markets. Here are the S&P 500’s nine biggest crashes since the mid-1970s, and how gold and silver performed during each. The historical record suggests that one can’t assume gold will fall in a stock market crash—the exact opposite has occurred much more often.
He follows and analyzes the gold and silver markets since 2008. The latest leg higher in gold was driven by the retreat in the US Treasury yields across the curve, which somewhat eased overheating fears and lifted the market mood.
Fabrice shares his thoughts on the economy, stock markets, geopolitics, gold and silver. He follows regularly since 1970 the gold, silver and foreign exchange markets. Here are the S&P 500’s nine biggest crashes since the mid-1970s, and how gold and silver performed during each. The historical record suggests that one can’t assume gold will fall in a stock market crash—the exact opposite has occurred much more often.
He follows and analyzes the gold and silver markets since 2008. The latest leg higher in gold was driven by the retreat in the US Treasury yields across the curve, which somewhat eased overheating fears and lifted the market mood.
Oil
Crude exports from the world’s biggest oil exporter rose to 6.582 million barrels per day (bpd) in January from December’s 6.495 million bpd. Crude exports from the world’s biggest oil exporter rose to 6.582 million barrels per day (bpd) in January from December’s 6.495 million bpd. Total crude and oil products exports rose to 7.75 million bpd in January from 7.71 million bpd a month earlier as reported by Reuters. Crude oil created a Triple top over a 2-year period (2012 -2014), then Crude Oil could be creating another triple top over the past 2-years.
Crude oil output slipped 0.6% from January to 1.793 million barrels per day (bpd) in February, while the NPD’s forecast for the month had stood at 1.785 million. Norway’s Feb oil output slightly exceeds official forecast Norway’s oil production slightly exceeded official expectations in February, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday. That quest took a back seat for energy investors last year when the pandemic sent oil demand and prices plunging.
Where Crude Oil ends the month, could send a very important message from this key commodity.
Crude oil prices rebound over 1% higher after topping 7.6% overnight. Rout Crude oil is holding steady close to $60 a barrel this morning after the commodity suffered a 7% loss in yesterday’s trade.
Crude oil output slipped 0.6% from January to 1.793 million barrels per day (bpd) in February, while the NPD’s forecast for the month had stood at 1.785 million. Norway’s Feb oil output slightly exceeds official forecast Norway’s oil production slightly exceeded official expectations in February, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday. That quest took a back seat for energy investors last year when the pandemic sent oil demand and prices plunging.
Where Crude Oil ends the month, could send a very important message from this key commodity.
Crude oil prices rebound over 1% higher after topping 7.6% overnight. Rout Crude oil is holding steady close to $60 a barrel this morning after the commodity suffered a 7% loss in yesterday’s trade.
United States
US stock futures are trading higher today indicating a positive opening for Wall Street indices with Dow Futures trading up by 36 points (up 0.1%). BEFORE THE BELL Wall Street futures gained as bond yields eased from their 14-month highs reached the day before, while investors looked to a faster U.S. economic recovery. Wall Street futures gained as U.S. bond yields eased from their 14-month highs reached the day before, while investors looked to a faster U.S. economic recovery.
The sharp sell-off in US indices yesterday dragged global markets lower today, but the US futures are trading higher. People are now concerned with higher than expected inflation, a tantrum in the bond market, but also with a bubble on Wall Street. Plenty of fiscal support is hitting the economy, the Fed is very accomodative, and all the modern monetary theory inspired actions risk overheating the economy later this year. less On Wednesday, the Fed did the impossible and suggested more easing on a growing economy with higher inflation expectations.
Stocks pulled back on Thursday from their highs and the Nasdaq was down 1.5% through late afternoon trading as Wall Street continues to monitor inflation worries. The greatest adjustment is arguably in the inflation projections – what and when is the Fed going to do before inflation raises its ugly head in earnest. less Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City.
The sharp sell-off in US indices yesterday dragged global markets lower today, but the US futures are trading higher. People are now concerned with higher than expected inflation, a tantrum in the bond market, but also with a bubble on Wall Street. Plenty of fiscal support is hitting the economy, the Fed is very accomodative, and all the modern monetary theory inspired actions risk overheating the economy later this year. less On Wednesday, the Fed did the impossible and suggested more easing on a growing economy with higher inflation expectations.
Stocks pulled back on Thursday from their highs and the Nasdaq was down 1.5% through late afternoon trading as Wall Street continues to monitor inflation worries. The greatest adjustment is arguably in the inflation projections – what and when is the Fed going to do before inflation raises its ugly head in earnest. less Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 5, 2020 at Wall Street in New York City.
China
High-level talks between the world’s largest economies resulted in mutual accusations and seemingly little progress to resolve outstanding issues on trade, Taiwan, Hong-Kong, Xinjiang, and other topics. less Share With tensions running high, Washington and Beijing have pushed to decouple technology and trade.
Europe
What you should read EU Travel-Pass Plan by June Seen as Tall Order EU faces a tough task in to introduce Covid-19 passports by the summer. Last week on Thursday, the pair rose from 1.19 close to 1.20 at the ECB meeting and press conference. less “A technical issue” – UK Prime Minister Boris Johnson explained a delay in immunization doses manufactured in India. Prime Minister Boris Johnson said he s open to the idea of an amnesty for migrants who move to the U.K. illegally.
His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. In addition, the clashes with the EU are unhelpful either.
0 His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. In addition, the clashes with the EU are unhelpful either.
