Close: London Session | Forex, Metals, Oil, Agriculture May 04, 2021



This is in contrast to corn, soybeans, and soon-to-be coffee where tighter global stocks and recent weather problems have resulted in price rallies, particularly in grains. ” “Cocoa prices have been hurt by COVID demand worries, but also by a big La Nina type crop that poses little threat of any supply squeeze. Pexels “As COVID ends and global demand increases cocoa prices could see some occasional buying. Cocoa has a long history of rallying during an El Nino, as crops can be hurt by dry weather.
Eleven Madison Park Is Going Vegan The meatless menu will still cost $335, but Daniel Humm says there will be cow s milk made available for your coffee. However, during neutral or La Nina conditions, 70% of the time, cocoa is in a bear market.


Outside of a handful of currencies, mainly in Asia, the dollar is also posting gains against most in the emerging market space, with European currencies taking the brunt. In the past twenty years, the sterling has appreciated against the dollar in 18 of the past 20 Aprils, including last month. Gold prices corrected in the Indian market today as a stronger dollar and Federal Reserve Chair Jerome Powell’s comments on the US economy weighed on the yellow metal.
The dollar index strengthened on likelihood of rise in U.S. interest rates due to roaring economic recovery, while gold prices edged lower. Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action. For example, in June and December, the euro has risen against the dollar in fourteen of the past 20 years. Dollar General Corp: Keybanc cuts rating to sector weight from overweight, noticing risks from the fading stimulus lift, difficult comparisons and inflationary pressures.
The Euro-area may narrow this gap over the coming months, but until then US dollar strength will continue to push EUR/USD lower. less Often analysts and journalists claim a seasonal pattern in the dollar that does not meet a robust statistical standard. In 14 of the past 20 years, the dollar has fallen against the yen in August.


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. Gold prices for the latest contract on MCX are trading down by 0.4% at Rs 47,148 per 10 grams. Gold prices are trading down 0.4% at Rs 47,140 per 10 grams. The GoldSwitzerland Division was created to facilitate the buying and storage of physical gold and silver for private investors, companies, trusts and pension funds.
His portfolio includes investments in stocks and corporate bonds from Europe and elsewhere through funds, plus gold and silver. Everything is in gear now as a silver launch just means a gold one is coming soon too. The gold market enjoyed its fireworks, aided mightily by the silver squeeze run. S&P 500 futures pointed to a small move lower at the open, the 10-year Treasury yield was at 1.621%, oil rallied past $65 a barrel and gold dipped. As Matthew reminds, gold shines brightest when inflation outpaces bond yields in a negative real rate environment.
These now look like final shakeout Friday dips as yesterday silver finally closed above its high of April yesterday.


Stable crude oil prices amid fluctuating demand helped keep the national average price jumps nominal last month. For the week ending April 23, the Energy Information Administration reported gasoline stocks saw a small 100,000 bbl build to reach the 135 million bbl mark. UAE fuel oil exports ended the month on a quiet note at 240,000 MT for the week. Oil prices rose, after more U.S. states eased lockdowns and the European Union sought to attract travellers. The UAE was another major recipient of Middle East fuel oil last week, with 270,000 MT discharging or signaling for the regional trading hub.
Coal exports rose 8.7% (to an eight-month high), and natural gas exports rose to a nine-month high.
No Iranian fuel oil exports have yet been detected for the reporting period. The ship regularly runs fuel oil to the reclusive African state, acting as offshore operational storage. Well, we told you that America voted for higher gasoline prices when they voted for Joe Biden and he is making good on that promise. Workers represented by the United Steelworkers union (USW) walked picket lines for a third day outside the gates of the refinery and its lube oil plant.

United States

Currently Nasdaq 100 futures are down 293 points at 13,599, Dow futures are down 269 points at 33,844 and S&P futures are down 48 points at 14,144. The group invests in secured debt investments, equity investments, warrants, and other securities of the lower middle market and middle-market companies based in the US. less After seeing its pre-weekend gains pared yesterday, partly due to some disappointing data, the US bounced back today. US stock futures are trading lower today, indicating a negative opening for Wall Street.
Lenders have long put ratchets on loans or step-ups on bonds that cause interest rates to change depending on a company’s financial performance. The US 10-year yield closed below 1.60% yesterday for the first time in a week but has resurfaced above that threshold today. Today, Wall Street continues to use Zacks research including the Zacks Rank and Zacks Equity Research, which combines the best of quantitative and qualitative analysis.
Trump left office at one of his low points in popularity. Well, inflation is here, it’s not a transitory short-term factor by the way, but the default view remains that Fed policy will remain expansive. The most important message that the US economy in a deep economic crisis in the first quarter.


The EU executive in Brussels was sidelined after several nations unilaterally suspended the AstraZeneca shot over health concerns, threatening to undermine a vaccine rollout already hobbled by procurement issues. The European Investment Bank (EIB), the investment bank owned by the EU Member States, has announced the issuance of its first-ever digital bond built on a public blockchain. The problems with the EU vaccination program have been well documented and it is good news that vaccinations are now taking place at a faster rate across the block.
Opening and closing British Prime Minister Boris Johnson said that the country’s lockdown rules are to the scrapped in seven weeks’ time. This comes on the back of strong policy signals oftightening the EU ETS, cold spring weather boosting power demand and higher gasprices. The EIB, a not-for-profit organization and lending arm of the European Union,said it had worked on the digital bond project with Goldman Sachs, Santander, and Societe Generale.
What was the point of the EU if it couldn t protect its citizens?Now, its bet on the BioNTech/Pfizer shot is paying off. The gloom might just be lifting.Almost 25% of European Union citizens have now received a Covid-19 shot. The decision could probably benefit the EU if Pfizer expedites deliveries once again.