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



less Futures were higher on ideas that the new Biden administration is ready to go with a new stimulus program that could aid clothing purchases and Cotton demand. The weekly export sales report on Thursday showed strong demand for US Cotton once again, and the demand has been strong even with the Coronavirus around and getting worse. Trends in Cotton are mixed to up with objectives of 8270 and 8540 March.


The stimulus package from the government will addup to the existing dollar liquidity and may end up weakening the dollar bill. This fall of the dollar will ultimately lead to good for emerging markets like India.Which sectors attract you?China is very attractive. This is because the US dollar has weakened and hence EMs will do well since money comes out of the US and flows elsewhere. Subsequently, a weak dollar may push gold prices up. The overall weaker US Dollar has helped demand ideas as well.
But somewhere the pressure will show and that is the dollar. With Europe being the main theme of my professional life, obviously something to say on the euro crisis. In 2008, I joined ING and immediately had to put my experience on Europe, the Euro and policy-making into practice.


Gold is expected to remain in investors’ focus as central banks pledged to keep rates low and provide easy liquidity to aid economic growth. What will guide this gold price movement in 2021 is the vaccine’s efficacy, proper logistics, and implementation of the vaccine worldwide, low-interest-rate environment, and central bank’s stance on liquidity. Additionally, gold bullion gained more than 24% in 2020 to reach $1,902 per ounce, ending the year at its best since 2010.
If you consider dividends, then this is close to 17 per cent, significantly higher than other asset classes such as gold, real estate or bonds. For the past two years, gold has appreciated considerably due to various reasons, starting from geopolitical tensions to the global health crisis. The SPDR Gold Shares jumped 24.4% last year and has attracted $15 billion in net inflows for the year. The risk sentiments on which the gold outlook depends now is how the U.S. government manages the coronavirus resurgence and how economic recovery progresses.
On Aug 6, gold prices hit a historical high of $2,067.15 per ounce and rose an annual 25% in 2020. In fact, when the pandemic was throwing curveballs at the economy, traders rushed toward gold for stability. Despite dropping 12% in March, when the virus outbreak shut down businesses worldwide, gold was among the best-performing assets. Most of the macroeconomic conditions that supported the gold rally in 2020 have been carried forward to 2021.
In 2020, gold funds offered average returns of 26.84%. In India, cyclical sectors like steel, cement, auto and metals are good.

United States

We go wherever money is made and money is made in markets like Vietnam, Taiwan, Korea, and parts of the US. It is possible that the current cycle will reverse and EMs may outperform developed markets like the US. Under her watch, Fidelity joined its peers in slashing commissions to zero and offering fractional-share trading, while also introducing Wall Street’s first no-fee mutual funds. Its 10.96 times forward price-to-earnings ratio is cheaper than the Technology Select Sector SPDR® ETF’s (NYSE:XLK) 25-times multiple and the First Trust Cloud Computing ETF’s (NASDAQ:SKYY) 35-times multiple.
less The Philly Fed’s Manufacturing Business Outlook Survey is a monthly report for the Third Federal Reserve District, covers eastern Pennsylvania, southern New Jersey, and Delaware. They have a huge military machine that they need to keep engaged and their money printing makes it impossible for the US to slip into recession. While it focuses exclusively on business in this district, this regional survey gives a generally reliable clue as to the direction of the broader Chicago Fed’s National Activity Index.
You don’t have big technology companies like in the US.
It added 860,000 new customers in the US and Canadian markets despite a price hike. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. 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. less Earlier this week, Netflix (Nasdaq: NFLX) reported its fourth-quarter performance that surpassed all market expectations.
IBM 2016-2021 During that period, shares hardly moved, while the tech-heavy NASDAQ surged 187% over the same time frame. 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. The first word on what Wall Street is talking about. Unheard of in the days when all Wall Street could say was “Buy”.


According to Lagarde, the assessment of financing conditions was not driven by a single indicator, but by a holistic approach, including bank lending, credit conditions, sovereign, and corporate yields. ECB president Christine Lagarde touched upon the mixed positive and negative developments but concluded that there were no reasons to change the broader assessment from the December projections. 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.
For the real aficionados, the ECB added a new paragraph to its monetary policy decisions (the ones released at 1.45 am CET). Key in this decision are what the ECB calls “preserving favorable financing conditions”. Main focus: Europe, Eurozone, Germany and ECB.