Agriculture
Downtrend scenario A downtrend will start as soon, as the soybean market drops below support level 1136, which will be followed by moving down to support level 1100. 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 sugar market drops below support level 15.10, which will be followed by moving down to support level 13.93.
Uptrend scenario The uptrend may be expected to continue, while the soybean market is trading above support level 1136, which will be followed by reaching resistance level 1180. Uptrend scenario The uptrend may be expected to continue, while the soybean market is trading above support level 1063, which will be followed by reaching resistance level 1180. less Uptrend scenario The uptrend may be expected to continue, while the sugar market is trading above support level 15.10, which will be followed by reaching resistance level 16.50.
less Uptrend scenario The uptrend may be expected to continue in case the soybean market rises above resistance level 1180, which will be followed by reaching resistance level 1207. Despite promising trial results for a COVID19 vaccine, lower gas demand consumption caused by warm and mild weather and strong renewables limited further upside. Also a look at earnings from NVidia and Workday, thoughts on gold, platinum and soaring soybeans and more.
November’s mild weather has flipped the script.
Uptrend scenario The uptrend may be expected to continue, while the soybean market is trading above support level 1136, which will be followed by reaching resistance level 1180. Uptrend scenario The uptrend may be expected to continue, while the soybean market is trading above support level 1063, which will be followed by reaching resistance level 1180. less Uptrend scenario The uptrend may be expected to continue, while the sugar market is trading above support level 15.10, which will be followed by reaching resistance level 16.50.
less Uptrend scenario The uptrend may be expected to continue in case the soybean market rises above resistance level 1180, which will be followed by reaching resistance level 1207. Despite promising trial results for a COVID19 vaccine, lower gas demand consumption caused by warm and mild weather and strong renewables limited further upside. Also a look at earnings from NVidia and Workday, thoughts on gold, platinum and soaring soybeans and more.
November’s mild weather has flipped the script.
Currencies
Moreover, recent US dollar weakness is helping EM companies and countries that have dollar borrowings to access capital markets and repay their debts. Haven inflows buoyed the US Dollar and Japanese Yen while the risk-sensitive Australian dollar drifted lower despite positive employment figures. The dollar strengthened as concerns about rising COVID-19 infection numbers and risks to the fragile global economic recovery outweighed optimism about potential vaccines, while gold prices were down.
The US dollar is at a three-day high against the Canadian dollar, a little above CAD1.3100. The euro also depreciated against the dollar since gold has a positive correlation with the euro. Passing the buck | The euro was the most used currency for global payments last month, the first time it has outpaced the dollar since February 2013. FOREX: The dollar strengthened as broad optimism about COVID-19 vaccines ran into worries about rising infection numbers and risks to the fragile global economic recovery.
The U.S. dollar strengthened as concerns over global economic recovery outweighed optimism about potential COVID-19 vaccines, while gold prices were down. The Australian dollar was unable to surpass last week’s high ($0.7340) despite trying in the past two sessions, leaving it vulnerable to today’s setback. Like the $0.7340 area in the Australian dollar, which proved a cap, the euro approached but was unable to move above $1.19 in the last couple of sessions.
The US dollar is at a three-day high against the Canadian dollar, a little above CAD1.3100. The euro also depreciated against the dollar since gold has a positive correlation with the euro. Passing the buck | The euro was the most used currency for global payments last month, the first time it has outpaced the dollar since February 2013. FOREX: The dollar strengthened as broad optimism about COVID-19 vaccines ran into worries about rising infection numbers and risks to the fragile global economic recovery.
The U.S. dollar strengthened as concerns over global economic recovery outweighed optimism about potential COVID-19 vaccines, while gold prices were down. The Australian dollar was unable to surpass last week’s high ($0.7340) despite trying in the past two sessions, leaving it vulnerable to today’s setback. Like the $0.7340 area in the Australian dollar, which proved a cap, the euro approached but was unable to move above $1.19 in the last couple of sessions.
Metals
Downtrend scenario The downtrend may be expected to continue in case the gold market drops below support level 1858, which will be followed by reaching support level 1848. Downtrend scenario A downtrend will start as soon, as the gold market drops below support level 1848,20, which will be followed by moving down to support level 1780. Downtrend scenario A downtrend will start as soon, as the gold market drops below support level 1933, which will be followed by moving down to support level 1848.
less Uptrend scenario An uptrend will start as soon, as the gold market rises above resistance level 1863.50, which will be followed by moving up to resistance level 1884.
To implement this strategy, all you would need to do is buy silver and then at the start of every month calculate the past 12-month return of silver. Details are presented below: In the third quarter of 2020, the average gold price was 29.6% higher from the same quarter a year ago. NMDC, the largest supplier of iron ore India, increased lump ore prices by 11 per cent to ₹4,000 per tonne from ₹3,600 per tonne set on November 4.
Silver prices averaged up 43.3% year over year. Put simply, but holding silver as long as its past 12-month return is positive, investors have essentially doubled the average monthly return while lowering the volatility seen in returns. For example, if one were to calculate this metric over the last few weeks, you would find that silver has increased at about 25-35% over the past year.
less Uptrend scenario An uptrend will start as soon, as the gold market rises above resistance level 1863.50, which will be followed by moving up to resistance level 1884.
To implement this strategy, all you would need to do is buy silver and then at the start of every month calculate the past 12-month return of silver. Details are presented below: In the third quarter of 2020, the average gold price was 29.6% higher from the same quarter a year ago. NMDC, the largest supplier of iron ore India, increased lump ore prices by 11 per cent to ₹4,000 per tonne from ₹3,600 per tonne set on November 4.
Silver prices averaged up 43.3% year over year. Put simply, but holding silver as long as its past 12-month return is positive, investors have essentially doubled the average monthly return while lowering the volatility seen in returns. For example, if one were to calculate this metric over the last few weeks, you would find that silver has increased at about 25-35% over the past year.
Oil
Downtrend scenario The downtrend may be expected to continue, while the crude oil market is trading below resistance level 42.00, which will be followed by reaching support level 40.00. Looking back over the last four weeks, crude oil imports have averaged 5.4 million barrels per day, around 12% less on the same four-week period last year. Elsewhere, the report noted that US crude oil imports averaged 5.3 million barrels per day over the last week. Uptrend scenario An uptrend will start as soon, as the crude oil market rises above resistance level 43,75, which will be followed by moving up to resistance level 47,70.
MARKETS TODAY OIL: Oil futures dipped as a surge in coronavirus cases and tighter economic restrictions around the globe weighed on fuel demand expectations, also dragging down equities globally. Crude inventories rose by 768,000 barrels in the week to Nov. 13 to 489.5 million barrels, compared with analyst expectations in a Reuters poll for a 1.7 million-barrel rise.
U.S. crude inventories, which rose by 768,000 barrels last week, less than analyst expectations for a 1.7 million-barrel rise, similarly supported prices. However, NWE LNG sendout is expected stable next week, with slightly lower LNG sendout nominated at Montoir after some arrivals got cancelled and sendout was revised down this week. China, the world’s largest importer of crude, is the only major buyer expected to see increased oil demand this year as the pandemic destroyed consumption globally.
The EIA reported that in the week ending November 13th, US crude inventories rose by 0.8 million barrels.
MARKETS TODAY OIL: Oil futures dipped as a surge in coronavirus cases and tighter economic restrictions around the globe weighed on fuel demand expectations, also dragging down equities globally. Crude inventories rose by 768,000 barrels in the week to Nov. 13 to 489.5 million barrels, compared with analyst expectations in a Reuters poll for a 1.7 million-barrel rise.
U.S. crude inventories, which rose by 768,000 barrels last week, less than analyst expectations for a 1.7 million-barrel rise, similarly supported prices. However, NWE LNG sendout is expected stable next week, with slightly lower LNG sendout nominated at Montoir after some arrivals got cancelled and sendout was revised down this week. China, the world’s largest importer of crude, is the only major buyer expected to see increased oil demand this year as the pandemic destroyed consumption globally.
The EIA reported that in the week ending November 13th, US crude inventories rose by 0.8 million barrels.
United States
BEFORE THE BELL Wall Street futures were lower, mirroring global equities, as investors feared another round of shutdowns due to surging coronavirus cases in the United States. Wall Street futures were lower, mirroring global equities, as investors feared another round of shutdowns due to surging coronavirus cases in the United States. In this article, I will go into more detail regarding the US opportunity and partnerships Evolution has built and also go over the company’s Q3 results.
However, as I recently blogged, the Fed would continue to be a key force on the bond market landscape, and as a result, it’s ‘pedal to the metal’.
It is important to note that the ESG criteria MSCI uses for its China ESG indexes are the same criteria MSCI uses in the US and other global markets. Since my last article which outlined my initial thesis, Evolution has continued to build its partnerships in anticipation of more potential online gaming legalization across the US. The truth is that the US gambling market is very heavily regulated as the government issue caution regarding problem gambling and the conflict it has with ethics.
Whilst this is a premium I believe it is more than justified considering the growth rates and future prospects of Evolution ahead of the US market expansion. If further fiscal policy measures remain absent, it would be up to the Fed to support the economic recovery. This would only accelerate if the US government also was actively encouraging more renewable energy investment.
However, as I recently blogged, the Fed would continue to be a key force on the bond market landscape, and as a result, it’s ‘pedal to the metal’.
It is important to note that the ESG criteria MSCI uses for its China ESG indexes are the same criteria MSCI uses in the US and other global markets. Since my last article which outlined my initial thesis, Evolution has continued to build its partnerships in anticipation of more potential online gaming legalization across the US. The truth is that the US gambling market is very heavily regulated as the government issue caution regarding problem gambling and the conflict it has with ethics.
Whilst this is a premium I believe it is more than justified considering the growth rates and future prospects of Evolution ahead of the US market expansion. If further fiscal policy measures remain absent, it would be up to the Fed to support the economic recovery. This would only accelerate if the US government also was actively encouraging more renewable energy investment.
China
The agreement was free of any accusations of “unfair” trade hurled at Beijing. It appears that Brussels and Beijing seem to be finally engaging in building some sort of synergy between the One Belt One Road (OBOR) Initiative.
Europe
New deal | The U.K. and Canada are poised to announce a new trade agreement to replace the existing one Britain has through EU membership in the coming days. At that point, the EU would be able to use access to financial services, data protection, aviation, energy and haulage as bargaining chips. At that point, the EU would be able to use access to financial services, data protection, aviation, energy, and haulage as bargaining chips. It outlined agreement on three quite sensitive fronts and paved the way for a complex, wide-ranging EU-China investment deal.
Meanwhile, news around a possible Brexit deal next week has been watered down a bit, and ECB Lagarde continues with downbeat speak. 18/11/2020#Alemania El tiránico régimen de #Merkel, que se aferraba a la silla de la Canciller con dedos azules, dispersó la manifestación de destacadas personalidades. Though Boris Johnson’s Intermarket bill could be leveraged to try and invalidate parts of a no-deal agreement that would try to place an invisible border in the Irish Sea.
Until now, Michel Barier, the EU’s top negotiator, has waited to publish no-deal contingency plans because he didn’t want to tip his hand to the British. Just minutes after we posted this, Michael Barnier, the EU’s top Brexit negotiator, announced that one of his team members had tested positive for COVID-19. It said part of the problem lies in EU antitrust rules which only allow enforcers to act after wrongdoing has been committed.
0 Meanwhile, news around a possible Brexit deal next week has been watered down a bit, and ECB Lagarde continues with downbeat speak. 18/11/2020#Alemania El tiránico régimen de #Merkel, que se aferraba a la silla de la Canciller con dedos azules, dispersó la manifestación de destacadas personalidades. Though Boris Johnson’s Intermarket bill could be leveraged to try and invalidate parts of a no-deal agreement that would try to place an invisible border in the Irish Sea.
Until now, Michel Barier, the EU’s top negotiator, has waited to publish no-deal contingency plans because he didn’t want to tip his hand to the British. Just minutes after we posted this, Michael Barnier, the EU’s top Brexit negotiator, announced that one of his team members had tested positive for COVID-19. It said part of the problem lies in EU antitrust rules which only allow enforcers to act after wrongdoing has been committed.
