Close: London Session | Forex, Metals, Oil, Agriculture October 06, 2020



Sugar prices at Vashi ruled mixed with ₹5-10 volatility on Tuesday, tracking a bearish trend at the Naka and Mill level, where it dropped by ₹10-20 on subdued demand. Over two decades ago Jay got his start at the Kansas City Board of Trade in the Wheat Futures pit.


Dollar Index The more important piece is the effect this is likely to have on the dollar, which means it goes stronger. A falling US Dollar, alongside uncertainties surrounding the US presidential election may continue to serve as positive catalysts in the near term. “A falling US Dollar (UDN), alongside uncertainties surrounding the US presidential election may continue to serve as positive catalysts in the near term. The bigger potential impact is the effect this is likely to have on the euro, which was reached almost 1.2 to the dollar.
A weaker Canadian dollar boosts exporters, creating the theoretical possibility of rebalancing the private sector away from housing. The table has 26 strategies in addition to Buy and Hold and is sorted by SMH returns expressed as current value (9/2/20 close) of each dollar invested. The US dollar has been rather erratic as of late, and if it rallies it tends to work against the value of silver. After all, the US dollar has been rather erratic as of late, and if it rallies it tends to work against the value of silver.
Note that the return for SMH is virtually equal to both the median natural log and median current value of 1 dollar invested. Any signs that more stimulus coming will boost risk appetite lifting riskier assets such as stocks whilst dragging on the US Dollar.


“We view gold at these prices as a good buying opportunity and, as evidenced by our 2021 year-end targets, expect higher gold prices.” Gold Prices vs. Gold prices are trading down by 0.7% at Rs 50,100 per 10 grams. 6, 2020 10:39 AM ET|| About: Eldorado Gold Corporation (EGO)by: SA TranscriptsThe following slide deck was published by Eldorado Gold Corporation in conjunction with this event. Estimates of how much gold exists above-ground are all over the place, but most cluster around an amount that yields a value of about $10 trillion at current prices.
less Gold prices fluctuated at a key resistance level at US$ 1,910 after registering a decent gain on Monday. Similarly, silver prices are also trailing behind gold, challenging a resistance level at US$ 24.50. I don’t have a total Silver Maple Leaf coin figure because the Royal Canadian Mint stopped providing updates since 2015 on the amount of Gold & Silver Maples sold. From a long-term perspective, however, gold prices appeared to have entered a consolidation phase within a mega bull trend, with a major support level at around US$ 1,800.
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. While this wasn’t the highest monthly amount this year, it was a record when we compare the Silver Eagle sales to Gold Eagles.


Around 60% of the total cuts were in natural gas, with crude oil and natural gas liquids making up the rest, according to Reuters calculations. I have worked in the areas of oil refining, natural gas production, synthetic fuels, ethanol production, butanol production, and various biomass to energy projects. Even so, the largest OPEC oil producer appears to believe oil prices will start improving soon, if Goldman’s calculations are right. September imports are estimated by Refinitiv Oil Research to be 11.71 million barrels per day (bpd), the fifth straight month that arrivals have exceeded 11 million bpd.
My focus is in the financial markets, cyber-security, hacking, agriculture, natural gas, crude oil, geopolitics and alternative investments. For an energy company, in order to fuel volumes growth, it is essential to allocate massive funds to continuous exploration and development of oil & gas fields. BHP said it had signed an agreement to acquire Hess’s entire stake in Shenzi oil and gas field in the Gulf of Mexico for $505 million.
Another is “condensate.” This refers to light liquid hydrocarbons that are recovered from natural gas that is often associated with the oil production.
The deal will fold one of the world’s oldest independent producers into a private equity-backed group that will be the British North Sea’s largest oil and gas producer. With the acquisition, BHP said it would be able to add about 11,000 barrels of oil equivalent per day of production to its portfolio and also grow high-margin barrels.

United States

Asian stock markets ended higher today tracking gains in US markets amid hopes of fresh stimulus in the US. Last week, the news about President Donald Trump and the First Lady testing positive for the coronavirus shocked global markets with an almost immediate risk-off reaction. If interest rates rise because of this new Fed policy, the S&P 500 and technology stocks could decline even without an earnings contraction. less In this past weekend’s missive “Trump Infects Markets Bounce,” we discussed even though the market had bounced off support, we still consider it a “sellable rally,” for now.
The Fed’s new policy will allow for inflation to run higher, helping inflationary cyclical and value stocks, and hurting technology stocks, the S&P 500, and bonds. There was optimism around President Trump’s recovery, prospects for that next round of US stimulus, and economic data that exceeded expectation around the globe. Benchmark indices edged higher today, tracking Asian peers which rose to two-week highs after US President Donald Trump was discharged from hospital following treatment for Covid-19.
Markets are trading positively as investors track stimulus developments and President Trump’s health along with upbeat German Factory orders. Meanwhile, the reading for the US released Monday morning met expectations at 54.6, unchanged from the flash reading but slightly lower than last month’s reading of 55.0. Driven by improving risk appetite, the JPY-crosses have been drifting higher alongside global equity markets – and the latest twists and turns in the US President Trump coronavirus saga.


The deadline for a formal U.K.-EU trade deal is 2020 year-end, while risks remain beyond 2020 (especially for the U.K. in the event that no formal agreement is found). ECB President Christine Lagarde warned earlier that while virus containment measures pose a clear risk to the recovery, her biggest fear is a sudden end to fiscal support. One might argue that the SNB could instead wait until business uncertainty falls (post-Brexit, post COVID-19, etc. By now, I have built up excellent skills and experience in analyzing macroeconomic and political developments in Europe, the Eurozone and Germany, including ECB watching.
Nabil Hassoumi, Risk Proposition Sales Enablement Director, analyzes how the EU’s 5th Anti-Money Laundering Directive makes it more difficult for criminals to hide their illicit funds in property. Brexit headlines and a speech by ECB President Christine Lagarde could drive the somewhat subdued FX markets. Concerns around Covid-19 and Brexit have not suppressed demand, and consumers in the U.K. have fundamentally changed the way they shop.
Meanwhile, in Europe, Brexit was still a source of uncertainty by quarter end. Threats such as Brexit and COVID-19 have strengthened the demand for safe havens like CHF. Powell, Lagarde The heads of both the Federal Reserve and the European Central Bank are both speaking today.