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



Our ideas are that a normal crop will get planted as Rice prices compare favorably with Corn, Cotton, and Soybeans.


Michael Kramer Follow This article was written exclusively for Investing.comThe sinking US dollar has sparked a massive move higher in emerging market equity prices. This article was written exclusively for Investing.comThe sinking US dollar has sparked a massive move higher in emerging market equity prices. The stabilizing dollar and higher yields could be suggesting the market believes that more substantial growth may be about to return to the US economy.
But that also means which way the dollar heads over the next several months will have a big say on where these markets go from here. If that is the case and the market views better growth in the future, it could further strengthen the dollar. IBM expects returning to sales growth in 2021, citing confidence in the sales rebound in the global business services unit and a weaker dollar. The weaker dollar has undoubtedly helped lift these exports substantiality over the recent months. US Dollar DailyFor example, the iShares MSCI South Korea ETF (NYSE:EWY) could be one of those proxies to falter.
A reversal in the dollar could be the cue that the trade is about to run out of steam. This is one reason why the dollar’s movement is so essential currently. The dollar may continue to sink, though. At the same time, it also sparks a rally in dollar-denominated commodities.


But despite that big swing, the uptrend of gold stocks’ young upleg remains intact. But when these sharp swings are considered together, they continue to carve an uptrend in gold stocks’ latest young bull-market upleg. Gold stocks’ high inherent volatility made for big and sharp countertrend moves in each. Gold stocks’ last one peaked in early August at enormous 134.1% GDX gains in just 4.8 months! Silver corrected a bit more of this year’s downswing than gold, which is normal given the bearish outlook.
Gold stocks are actually marching higher on balance, which is certainly bullish. This sector is still marching higher on balance with gold, a bullish omen for further gains. less The gold miners’ stocks have had a wild ride this month, surging then plunging. Gold moved lower yesterday and in today’s pre-market trading, doing so despite another small move lower in the USD Index. Gold moved briefly below it in recent days, after which it rallied back up, and right now it’s very close to the upper right corner of the rectangle.
Gold has risen in response to higher prospects of more money flooding the world – potentially funded by debt, as taxes seem to have slipped off the agenda. less Inflation will be one of the greatest upside risks for gold this year. Radomski is the author of Sunshine Profits’ Gold & Silver Trading Alerts and many of company’s investment tools. They show that gold’s inauguration-day rally was likely a temporary blip on the radar screen instead of being a game-changer.
The new occupant of the White House, Joe Biden, has helped gold shine by showing determination in pumping funds into the economy. The leading and dominant gold-stock benchmark and trading vehicle is the GDX VanEck Vectors Gold Miners ETF. Arkadiusz is the author of the monthly Market Overview reports and Gold Monitor News at Sunshine Profits. The report about gold in 2021 would be incomplete without the outlook for inflation. Gold kept on declining with corrections along the way until April.
However, concerns about a Republican pushback have limited gold’s gains.


Prices have increased steadily since the beginning of the year, with the U.S. benchmark passing $50 a barrel last month for the first time since early last year. Halliburton mentioned that it was private and small operators that added the most rigs, with large exploration and production companies and major oil companies moving more slowly. Oil producers will try to get by with fewer services, for example, and consolidation is under way in the oil patch. The Biden administration cast an additional shadow on the industry Thursday when it announced a temporary ban on new oil and gas leasing and permitting on federal lands.
Oil has stayed in a tight trading range recently as investors weigh worries about crumbling consumption against large supply reductions. Given the recent rally in oil prices, a lingering question is whether drillers will keep up their promise of spending discipline. An oil glut threatened to overwhelm storage, sending prices below $0 for the first time.
U.S. crude prices dropped around 1.4% to $52.38 a barrel, on track to end two sessions of gains. Judging from oil-field services companies’ results this week, they are walking the walk, not just talking the talk.

United States

Investing.com Follow Tesla (NASDAQ:TSLA) has been a great growth story for investors who remained faithful to it despite the electric car-maker’s turbulent past. Tesla (NASDAQ:TSLA) has been a great growth story for investors who remained faithful to it despite the electric car-maker’s turbulent past. With that information, here are the two ETFs that could pique the interest of readers who believe federal legalization in the US could happen sooner than later.
Trump used the app to broadcast outlandish comments to millions of users multiple times a day while Twitter enjoyed the numerous users and eyeballs that Trump drew in. Wall Street, however, has been optimistic that the new administration could facilitate the federal-level legalization of cannabis, both for medicinal and adult recreational use. Approximate weighting of the top 10 stocks is around 85%, and the leading five companies include (NASDAQ:VFF); (NYSE:IIPR), (NASDAQ:GRWG), and .
The company’s market cap now sits at $38 billion.In the year prior to Trump’s suspension, Twitter’s share price climbed more than 58%. That was well below the $7.3 billion Wall Street had been expecting for a key business unit that had been showing steady growth of late. While Republicans are set to lower their tone after President Donald Trump’s departure, they are may still fight against expenditure they dislike. It marks a record for SPAC deals, which have become all the rage on Wall Street, according to data provider SPACInsider.
: $21.94: $5.65 – $22.85 0.68% 0.75% The (NYSE:YOLO) mainly focuses on mid- and small-cap companies, based primarily in the US and Canada. MJ’s top companies include (NASDAQ:APHA), (NASDAQ:TLRY), (NASDAQ:CGC), (OTC:GWPRF) (NASDAQ:GWPH) and (NASDAQ:CRON). He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. Additionally, interest rates in the US have started to move up a bit.
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.
: $19.46: $8.81 – $20.97 3.33% 0.75% The (NYSE:MJ) is one of the leading pot-focused funds listed in the US. David Vogt of UBS called the target “lofty” in a note to clients Friday. Is the US a “shining city on a hill,” as then-President Ronald Reagan said? In the US, there is no relenting, with mortalities surpassing the 400,000 mark. Then, came the results of the US Presidential election.


Several European countries have extended their restrictions and the UK, unfortunately, recorded a death toll described by Prime Minister Boris Johnson as “appalling. However, ECB President Christine Lagarde later stressed that the bank remains flexible on the topic.