Daily Close | Forex, Metals, Oil, Agriculture February 22, 2021



In the overnight electronic session, the March corn is currently trading at 545 ½ which is 2.3/4 cents higher.


For Gold price action – prices have already caught a quick bit of resistance from a prior swing-low around 1810. But New Year’s price action hasn’t been all that friendly to Gold bulls, as a downdraft developed in January that’s lasted through the bulk of February. less The recent FOMC minutes are hawkish and negative for the price of gold, but the Fed will remain generally dovish for some time. A few compelling reasons to believe this include Bitcoin’s newfound institutional interest and support, along with its decreasing correlation with gold.
Arkadiusz is the author of the monthly Market Overview reports and Gold Monitor News at Sunshine Profits.


Daily Market Update identifies accurate price targets and turning points for indices, forex, cryptocurrencies, commodities, oil, gas, and stocks. Today is the Last Trading Day in the March crude oil and the April contract is currently trading at 6012 which is 85 points higher.

United States

PCE price index on Friday is another important element in the us economic calendar to measure the inflation path and momentum. Index values and percentage gains from Trump’s election day until his defeat for a second term are presented in the table below. Keeping with the Fed’s tack on inflation, Rosengren said in an online symposium that he expects some sectors to show jumps in prices. I submit that over this period, Trump’s America First agenda was largely responsible for the country’s outsized stock market gains.
A combination of trillions in federal spending and aggressive monetary policy from the Fed is powering stocks ever higher. We compare the US market indices with other major world bourses below. Of course, this is not a major concern for Treasury investors, since the US government is typically seen as the best credit available. On the other side of the Atlantic, however, Boston Fed Chief Eric Rosengren, also a hawk, remains relaxed about inflation prospects.
(NASDAQ:AAPL), whose market cap is $2.18 trillion, has the highest weighting (6.27%) in SPY, followed by (NASDAQ:MSFT) and (NASDAQ:AMZN). The Fed’s research and its ongoing work in community development show that there is no quick fix for the disparities in household financial stability. U.S futures indices started the session in the red along with major Asian indices. Research from our team of in-house analysts has been quoted by The Wall Street Journal, Bloomberg, MarketWatch, USA Today, Kitco, Reuters, US News & World Report, CNBC, and more.
There is also the beginning of a disconnect between the Fed and monetary policy in the eurozone. The top three names are the global media and entertainment group (NASDAQ:VIAC), (NASDAQ:SIVB) and (NASDAQ:ILMN), which focuses on DNA sequencing. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. One of the worst-performing stocks on the Nasdaq today is .
Kohl’s shares rose almost 10% after The Wall Street Journal’s late Sunday report on the activist moves.


Yet it was enough for Christine Lagarde, the President of the European Central Bank (ECB) to state that the ECB was “closely monitoring” sovereign bond yields.