Daily Close | Forex, Metals, Oil, Agriculture April 27, 2021



Governments appear to believe this rise in interest rates will be short term, even as soybeans hit $15.53, grains are up and crude oil is also up. Grains and soybeans are way up in the futures markets, so food prices will soon rise significantly.


In the medium-term, the situation in the euro area looks much better. 87990cbe856818d5eddac44c7b1cdeb8 Advertisement Sponsored Offers The worst may already be behind the euro area’s economy. It stems from the grim economic situation in the euro area. This bodes well – both the euro, as well as gold, can benefit from it. Furthermore, the European Union’s 750 billion euro recovery fund has cleared a key court challenge. The dollar-based net expansion rate improved to 138% compared to 133% a year ago.


In theory, that gold could then be sold tax-free, but investors should consult their accountants before doing anything that local tax authorities might frown upon. If industrial demand for silver continues to increase, then there could be one of the most historic moves up in silver that anyone has ever seen. Since arriving at my important buy zone of $1671, technical green shoots for gold continue to appear. The D-grade track record of government money against gold, silver, and now crypto… is indisputable.
Silver and gold are facing shortages in the near future. This is a unique situation and we could see unique increases in the price of silver. Arkadiusz is the author of the monthly Market Overview reports and Gold Monitor News at Sunshine Profits. While gold is often soft on Tuesdays, that’s just short-term noise.


After EIA’s report for last week’s mild build of 84,000 barrels, we expect total gasoline stocks to build by 500,000 barrels for the week of April 23rd. Data from industry group API for gasoline stocks showed a draw of 1.3 million barrels for the week of Apr 23rd. For more details visit the page US East & West Coast Gasoline Import Forecast or copy and paste link in EIKON search box: amers1.apps.cp.extranet.thomsonreuters.biz/cms/?navid=942731478 Your comments are always welcome.
We spoke about our views on the gasoline, naphtha, and middle distillates markets, as well macroeconomics, and domestic and international refining. The Gasoline Import Forecast of US East Coast for the week of April 23rd stands at 928,000 bpd aboard twenty two vessels. *lost about a half percent Tuesday after beating Q1 estimates thanks to higher oil prices. This signals downside coming in the next couple of weeks for this oil play.

United States

When the Fed stopped weekly reporting of money supply numbers I told a friend “they still report monthly”. Among the leading names are power management group (NYSE:ETN), EV darlings (NASDAQ:TSLA) and (NYSE:NIO), Danish wind power group (OTC:VWDRY) and semiconductor firm (NASDAQ:MCHP). In the run-up to the April 28 meeting (and ahead of the blackout window), Fed policymakers were extremely present in the day-to-day machinations of financial markets.
In this edition of Central Bank Watch, we’ll review the speeches made over the past week by various Federal Reserve policymakers, including the Fed Chair himself. Thus, the Fed reports “monthly” data of numbers that it actually knows instantaneously, with a 1 to 2-month lag. The data is now fully available between Fed Reserve FRED data sets and various sites such as Morningstar and etc. 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.
The Fed’s statement on Wednesday and subsequent press conference by Fed Chairman Jerome Powell also has the chance to be an inflection point. In addition to changing the frequency of reporting, the Fed changed the Definition of M1. Brooke SutherlandThe Fed can t just avoid the talk about tapering support forever. Unheard of in the days when all Wall Street could say was “Buy”. Year-to-date, the Dow Jones Industrial Average, the S&P 500 and the NASDAQ 100 are up around 11.5%, 11.6% and 8.2%, respectively.


Beijing may want to limit foreign ownership of its tech stocks.


Certainly, there are important dovish parts of the latest ECB’s statement on its monetary policy.