Close: London Session | Forex, Metals, Oil, Agriculture November 10, 2020



Downtrend scenario A downtrend will start as soon, as the corn market drops below support level 390, which will be followed by moving down to support level 355. Downtrend scenario A downtrend will start as soon, as the coffee market drops below support level 102.70, which will be followed by moving down to support level 95. Uptrend scenario The uptrend (correction) may be expected to continue, while the corn market is trading above support level 402.75, which will be followed by reaching resistance level 421.
Uptrend scenario An uptrend will start as soon, as the coffee market rises above resistance level 110, which will be followed by moving up to resistance level 120. Uptrend scenario The uptrend may be expected to continue in case the corn market rises above resistance level 425, which will be followed by reaching resistance level 460. Uptrend scenario The uptrend may be expected to continue in case the coffee market rises above resistance level 107.70, which will be followed by reaching resistance level 110.
Over two decades ago Jay got his start at the Kansas City Board of Trade in the Wheat Futures pit.


A lower US dollar suggests anti-US dollar trades will do well, and the biggest anti-US dollar trade in the news at the moment is bitcoin (BTC). The US dollar was sold to new lows for the year yesterday against the Canadian dollar (~CAD1.2930), but the greenback recovered to close above CAD1.30, which is now support. When European banks get a vote of confidence the US dollar is softer, when the European banks lose confidence the US dollar gains strength.
Initially, it looks like Tokyo sold into the dollar’s surge, but buyers returned, and the dollar was recording session highs in the European morning. The dollar weakened significantly Monday and there’s only so much decline the dollar can take before a financial crisis could set in or inflation got too hot. Weak dollar, strong dollar, trade policy (growing deficits, etc. Last week, the Japanese yen (FXY) appreciated against the US dollar, gaining 1.25 percent and posting gains for the fourth consecutive week, closing at the 0.967300 level.
Biden’s election victory and the potential reshaping of US foreign policy appeared to have accelerated capital flows into emerging markets and risk assets, sinking the US Dollar. The US dollar fell to almost MXN20.00 yesterday after finishing last week near MXN20.60. The dollar is trading firmly against most of the major currencies, with sterling a notable exception.


Massive 2020s Gold And Gold Stock Bull Market Is Just Beginning I also have some under loved technology names and dividend yielding communications stocks. 10, 2020 5:28 AM ET|| About: Equinox Gold Corp. (EQX)by: SA TranscriptsThe following slide deck was published by Equinox Gold Corp. in conjunction with their 2020 Q3 earnings call. Later on in 2008, he began researching areas of the gold and silver market that, curiously, the majority of the precious metal analyst community have left unexplored.
Even with the recent volatility in prices, gold remains among the best-performing commodities this year to combat the fallout from the coronavirus pandemic. One of the main drags on gold prices is the prospect of smaller fiscal and monetary stimulus if economic growth accelerates with the help of the vaccine. Gold is reverting back down into the blue levels of buyers possibly coming into the market. Currently, stainless steel alloys are the main source of nickel consumption; about two-thirds of nickel sold each year goes into stainless steel.
Tracking global cues, gold prices also moved higher in domestic markets.
President-elect Biden is going to have to act aggressively in providing stimulus to the market, which will cause gold to rise in value. He is also the author of the 2015 book, The Coming Renewal of Gold’s Secular Bull Market which is available for free.


Crude oil did not respond to the same degree as energy stocks highlighting an interesting disconnect as crude oil futures obviously reflect the true impact from the vaccine news. But the product mix allows this company to benefit from either an oil price rally or a natural gas price rally (not to mention higher possible natural gas liquids). Similarly, the recovery of natural gas prices may well be underway because many dry gas producers cut back production before the primarily oil and liquids producers.
Uptrend scenario The uptrend may be expected to continue, while the crude oil market is trading above support level 36.10, which will be followed by reaching resistance level 41.10. Downtrend scenario A downtrend will start as soon, as the crude oil market drops below support level 36.10, which will be followed by moving down to support level 33.60. 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 oil and gas producer posted a bigger-than-expected quarterly loss on Monday, as it reeled from a plunge in crude prices due to the COVID-19 crisis. My focus is in the financial markets, cyber-security, hacking, agriculture, natural gas, crude oil, geopolitics and alternative investments. The year before Bush was inaugurated U.S. oil production averaged 5.8 million barrels per day (BPD). The price of natural gas, oil, and in turn gasoline, all plunged as production surged.

United States

The Trump presidency saw a surge in stocks, an all-time low yield in US debt and record levels of employment, rising real wages and strong growth before the pandemic. Like many other tech stocks, Nvidia (NASDAQ:NVDA) saw a pullback in early 2020 which held far above the late 2018 / early 2019 lows. Tensions over the size of a coronavirus stimulus package also resurfaced as lawmakers reconvened following the election, while President Trump continues to challenge the results of the national vote.
Jefferies said that there are “stocks beyond the obvious” where Wall Street estimates do not account for even small improvements from a vaccine. We would also like to point out that this stock is listed on Nasdaq and thus has a liquid options market available. less Pfizer’s vaccine announcement eclipsed the US election as the key market driver. Here are my best three gambling stocks to ride this hot new trend… The obvious first stock is (NASDAQ: DKNG).
In 2017, Nobel laureate Paul Krugman wrote about the stock market after a Trump victory: “If the question is when markets will recover, a first-pass answer is never”. The Presidential election will have capital market consequences, possibly even more so after the US Senate races from Georgia hold their runoff on January 5th, 2021. President-elect Biden warned that the US faces a “dark winter” and announced a new coronavirus task force to regain control over the pandemic.


Heaping further embarrassment on Sinovac and Beijing, news of the suspension comes just after data from the Pfizer-BioNTech trial purported to show that the vaccine was sufficiently effective. Perhaps Beijing needs to invest more resources and energy into promoting the vaccine safety narrative in Brazil, Pakistan and other ‘partner’ nations?


The European Union will impose tariffs on $4B of U.S. goods starting today, escalating a trans-Atlantic fight over illegal aid to aircraft manufacturers. Tech target | Amazon faces an antitrust complaint from European Union regulators, escalating an investigation into how it handles data from rival sellers on its massive online retail platform. Peers voted to remove controversial parts of a draft law giving ministers the power to rewrite parts of the Withdrawal Agreement that Johnson signed with the European Union.
The new EU tariffs on $4 bln of US goods will be formally announced today.
However, the main reason in my view why Boeing is underperforming in my portfolio is because the EU will be imposing tariffs on Boeing aircraft. However, after an achingly slow and partial reopening, another Imperial College forecast of 4,000 deaths per day has caused Boris Johnson to lock the country down again. The EU will begin imposing tariffs on US imports worth $4 bln on November 10. Moreover, it shows a detailed view (i.e., it covers over 180 variables) of each economy but also of the European Union economies as a whole.
Difference between US – EU manufacturing and interest rates showing fair price on the level 1.1450 – 1.12. The paper points out that the global GDP, excluding the EU, will contract more than it did during the 2008-2009 Great Financial Crisis.