Agriculture
less Uptrend scenario An uptrend will start as soon, as the corn market rises above resistance level 425, which will be followed by moving up to resistance level 437.80. less 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 112.90. 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.
less Uptrend scenario The uptrend may be expected to continue in case the cocoa market rises above resistance level 2410, which will be followed by reaching resistance level 2514. Downtrend scenario A downtrend will start as soon, as the cocoa market drops below support level 2326, which will be followed by moving down to support level 2232. Downtrend scenario A downtrend will start as soon, as the cocoa market drops below support level 2350, which will be followed by moving down to support level 2160.
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. Downtrend scenario The downtrend may be expected to continue, while the cocoa market is trading below resistance level 2410, which will be followed by reaching support level 2160. Downtrend scenario The downtrend may be expected to continue, while the coffee market is trading below resistance level 110, which will be followed by reaching support level 104.90.
China’s soybean imports may exceed 101 million tons this year Agricultural Podcast: Access the Agriculture Podcasts for the weekly podcast series entitled “Around the World in Minutes”.
less Uptrend scenario The uptrend may be expected to continue in case the cocoa market rises above resistance level 2410, which will be followed by reaching resistance level 2514. Downtrend scenario A downtrend will start as soon, as the cocoa market drops below support level 2326, which will be followed by moving down to support level 2232. Downtrend scenario A downtrend will start as soon, as the cocoa market drops below support level 2350, which will be followed by moving down to support level 2160.
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. Downtrend scenario The downtrend may be expected to continue, while the cocoa market is trading below resistance level 2410, which will be followed by reaching support level 2160. Downtrend scenario The downtrend may be expected to continue, while the coffee market is trading below resistance level 110, which will be followed by reaching support level 104.90.
China’s soybean imports may exceed 101 million tons this year Agricultural Podcast: Access the Agriculture Podcasts for the weekly podcast series entitled “Around the World in Minutes”.
Currencies
But even if we don’t see a total dollar collapse, the incessant money printing will continue to degrade the value of the dollar. The dollar is mixed, with the sterling and the dollar bloc softer and the euro, yen, and Swiss franc a little firmer. The British pound retraced to yesterday’s low against the dollar as pound sellers in the EURGBP cross have now joined up with pound sellers against the dollar. Farber says the dollar is heading in that direction and that the dollar price of gold is going to infinity.
In FX, the Bloomberg Dollar Spot Index swung from a gain to a loss as equities pared declines, and the dollar traded mixed versus its Group-of-10 peers. Central bankers have been trying to keep investors out of gold and keep them in the US dollar or US-dollar assets. Since 1971, when the US went off the gold standard, the US dollar has lost more than 90 percent of its value. To keep the dollar up, central banks wanted to keep investors out of gold.
A surge in COVID-19 cases around the world and a weaker US dollar supported gold at lower levels. Printing a lot of money is bearish for the dollar and bullish for gold and silver.
In FX, the Bloomberg Dollar Spot Index swung from a gain to a loss as equities pared declines, and the dollar traded mixed versus its Group-of-10 peers. Central bankers have been trying to keep investors out of gold and keep them in the US dollar or US-dollar assets. Since 1971, when the US went off the gold standard, the US dollar has lost more than 90 percent of its value. To keep the dollar up, central banks wanted to keep investors out of gold.
A surge in COVID-19 cases around the world and a weaker US dollar supported gold at lower levels. Printing a lot of money is bearish for the dollar and bullish for gold and silver.
Metals
Conversely, if the gold price turns bullish above $1,950 per ounce, KL could go as high as Watch the gold price like a hawk. … more Hubert is an independent gold and silver analyst who specializes in fractal analysis and the fundamentals of gold and silver . With the gold stocks and silver holding up better than gold we still need to consider what is happening with the US markets. Operating cash costs per ounce for gold projection is retained at Kirkland Lake Gold is showing exceptional results, with tremendous cash flow generation and no debt.
less In this video, we explain why gold stocks and junior gold stocks are approaching a buy opportunity.
For 2020, the company expects total gold production between AISC for gold is anticipated to be . They invested in gold mines, but not the metal itself, because they understood gold is money. AISC Table below Newmont (NYSE: NEM), Barrick Gold (NYSE: GOLD), Agnico Eagle (NYSE: AEM), and Kirkland Lake. In global markets, gold prices edged higher today as the global stock market rally on COVID-19 vaccine optimism showed signs of stalling.
The gold price realized this quarter was per ounce, and the company sold .
less In this video, we explain why gold stocks and junior gold stocks are approaching a buy opportunity.
For 2020, the company expects total gold production between AISC for gold is anticipated to be . They invested in gold mines, but not the metal itself, because they understood gold is money. AISC Table below Newmont (NYSE: NEM), Barrick Gold (NYSE: GOLD), Agnico Eagle (NYSE: AEM), and Kirkland Lake. In global markets, gold prices edged higher today as the global stock market rally on COVID-19 vaccine optimism showed signs of stalling.
The gold price realized this quarter was per ounce, and the company sold .
Oil
We saw negative prices for crude oil as there was no place left to store oil and gas. Along with other oil producers, Exxon has been slashing costs due to a collapse in oil demand and ill-timed bets on new projects. OPEC had similarly revised its demand forecast, saying that the rebound in global oil demand is likely to be slower than initially expected due to rising infections. Oil misters continue to drop hints of a potential surprise production cut to shock and awe the oil speculative shorts.
By the end of next year, we may, in fact, see a global oil market balance occur between available supply capacity and demand. Euronav’s share price has reflected oversupplied tanker market conditions for much of 2020, given the impact of the pandemic on world oil demand and supply. My focus is in the financial markets, cyber-security, hacking, agriculture, natural gas, crude oil, geopolitics and alternative investments. Outlook exports: Expect H2 to remain uncertain led by recovery in the auto segment; oil and gas will continue to remain weak.
One just had to wait for either a spike in oil prices or a rapid fall in demand for things to fall apart even further for the airline. As we see the vaccine delivered worldwide, oil demand should begin to rise and stabilize at higher levels, lifting the price higher.
By the end of next year, we may, in fact, see a global oil market balance occur between available supply capacity and demand. Euronav’s share price has reflected oversupplied tanker market conditions for much of 2020, given the impact of the pandemic on world oil demand and supply. My focus is in the financial markets, cyber-security, hacking, agriculture, natural gas, crude oil, geopolitics and alternative investments. Outlook exports: Expect H2 to remain uncertain led by recovery in the auto segment; oil and gas will continue to remain weak.
One just had to wait for either a spike in oil prices or a rapid fall in demand for things to fall apart even further for the airline. As we see the vaccine delivered worldwide, oil demand should begin to rise and stabilize at higher levels, lifting the price higher.
United States
“The Fed has requested membership in the Network for Greening the Financial System, a group of global central banks aimed at addressing the impact climate has on finance. The last consideration could see the case drag into a Biden administration and he may not care about the app in the same way that Trump does. In addition, the Fed recently announced a policy pivot on inflation that likely will keep interest rates anchored near zero for years. Source: Company website Great Lake Dredge & Dock is the oldest and largest dredging company in the US with substantial market share and limited competition.
Shares of Moderna (NASDAQ:MRNA) are 5% higher in premarket trade after accumulating enough cases of COVID-19 in its vaccine trial to analyze the shot’s effectiveness. Singles Day, a major shopping event in China, saw e-commerce giants Alibaba (NYSE:BABA) and JD.com (NASDAQ:JD) rack up around $115B in sales across their platforms, both setting new records.
“If you’re talking about the impact of credit on climate change, I think the Fed is safe there. New daily COVID cases in the US are topping 130,000 a day, the question is when will a new lockdown be brought in, if at all?
He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. The Trump Administration had said that the U.S. will and that the U.S. will not work with the World Health Organization (WHO) on distribution of the vaccine.
Shares of Moderna (NASDAQ:MRNA) are 5% higher in premarket trade after accumulating enough cases of COVID-19 in its vaccine trial to analyze the shot’s effectiveness. Singles Day, a major shopping event in China, saw e-commerce giants Alibaba (NYSE:BABA) and JD.com (NASDAQ:JD) rack up around $115B in sales across their platforms, both setting new records.
“If you’re talking about the impact of credit on climate change, I think the Fed is safe there. New daily COVID cases in the US are topping 130,000 a day, the question is when will a new lockdown be brought in, if at all?
He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. The Trump Administration had said that the U.S. will and that the U.S. will not work with the World Health Organization (WHO) on distribution of the vaccine.
China
China’s internet sector saw a $260B selloff on Wednesday after Beijing signaled its strongest intention yet to rein in Big Tech by drafting a slew of new anti-monopoly laws. The PBOC injections in the money market have been small, and officials appear to have been probing participants about possibly exiting the monetary easing given the economic recovery. China’s tech sector underwent a massive selloff after Beijing signaled its intentions to rein in tech giants.
The PBOC is expected to inject at least CNY200 bln via the medium-term lending facility on Monday. Authorities are concerned the companies have become too powerful, according to Ma Chen, a Beijing-based partner at Han Kun Law Offices. But Beijing’s heavy hand threatens to weigh on the mood.
The PBOC is expected to inject at least CNY200 bln via the medium-term lending facility on Monday. Authorities are concerned the companies have become too powerful, according to Ma Chen, a Beijing-based partner at Han Kun Law Offices. But Beijing’s heavy hand threatens to weigh on the mood.
Europe
Lagarde’s comments yesterday helped shape expectations for next month’s ECB meeting, at which officials have practically guaranteed new measures. In the meantime, we may still see months of weak demand, especially since places like the EU are headed for shutdowns again. First, Lagarde made it clear that the ECB will not lower the deposit facility rate further in the negative territory. Also, she highlighted that the best case scenarios the ECB is considering already include the possibility of an effective COVID-19 vaccine sooner rather than later.
At the previous ECB meeting in October, the ECB effectively pre-committed to act at the next meeting. However, the markets already got something from yesterday’s Christine Lagarde’s introductory speech. Calls for a national lockdown in Italy are growing whilst Germany’s Angela Merkel warns that the second wave could be more deadly than the first. Since remote working remains the standard, the ECB’s annual event has been moved from Sintra to Sintranet (excuse the terrible pun).
Yesterday’s introductory speech brought some clarifications about what to expect in December from the ECB. David J. Merkel, CFA — 2010-present, I run my own equity asset management shop, called Aleph Investments.
0 At the previous ECB meeting in October, the ECB effectively pre-committed to act at the next meeting. However, the markets already got something from yesterday’s Christine Lagarde’s introductory speech. Calls for a national lockdown in Italy are growing whilst Germany’s Angela Merkel warns that the second wave could be more deadly than the first. Since remote working remains the standard, the ECB’s annual event has been moved from Sintra to Sintranet (excuse the terrible pun).
Yesterday’s introductory speech brought some clarifications about what to expect in December from the ECB. David J. Merkel, CFA — 2010-present, I run my own equity asset management shop, called Aleph Investments.
