Daily Close | Forex, Metals, Oil, Agriculture April 21, 2021



less Image Source: Unsplash General Comments: Wheat markets were higher as Wheat remains a weather market. Corn prices are high so demand for feed wheat could increase.


If they remain cautious and suggest that stimulus could increase, EUR/USD could test 1.19 with more significant losses for euro against the crosses. The Canadian dollar soared after the rate decision with USD/CAD dropping more than 150 pips intraday.


With this in mind, I offer five intriguing individual gold miners, showing, where helpful, the volume bars as well. Gold is managing to push its way into the overhead supply zone. (See, for example, Greg Ip in the Wall Street Journal citing University of Cambridge analysis, Nate Silver of 538, or Eric Boehm of Reason Magazine.)


The same data set showed that distillate stockpiles registered a 1.1 million drawdown and gasoline registered a marginal build of 86,000 bbls while refinery utilisation remained at 85%. The May East-West 380 fuel oil differential gained $0.50 to $12.00/mt, while the June contract gained $0.50 to $12.25/mt. The EIA said on Wednesday that US crude inventories unexpectedly rose albeit by just 594,000 bbls in the week to 16th April.

United States

The May 21 ULSD CIF NWE cargoes differential was up $0.25 from the previous close at $3.50/mt, while the June 21 differential was flat at $3.50/mt. The May 21 ULSD CIF Med cargoes differential was down $0.25 from the previous close at $4.50/mt, while the June 21 differential was down $0.50 at $4.50/mt. There were hints of recovery with all the US indexes in the plus column early in the session. 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.
Both AutoNation and Lithia Motors , which sell new and used vehicles, blew past Wall Street expectations on their top and bottom lines. Sign up here.Today s Agenda The Fed has kept zombie companies alive. The other two broader indices, the S&P 500 and the tech-heavy Nasdaq Composite, have also fallen 0.7% and 0.9%, respectively, on the same day. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post.
Unheard of in the days when all Wall Street could say was “Buy”. It rose 2.12% at the US opening. He has been quoted in the Wall Street Journal, Fortune Magazine, and USA Today.


The ECB knows this and the big question tomorrow is whether they will acknowledge it. If the ECB expresses the same optimism as the BoC EUR/USD could make a run for 1.21. The European Union resumed its usage of the Johnson & Johnson vaccine which should speed up the process.