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



In the overnight electronic session, the March corn is currently trading at 537 ¼ which is 5 cents higher. of U.S. corn.


While the Mexican peso has a long history of losing value versus the dollar, its growth prospects are strong enough to compensate for the impact. While the ECB had previously showed little worry about Euro appreciation, yesterday’s report of a study being launched to investigate the matter raised some eyebrows.


Having been at the financial markets when the Great Recession arrived, she experienced many bull and bear markets – be it in stocks, bonds, gold and silver. In today‘s article, I‘ll examine the S&P 500 standing, look into precious metals, and finally answer a pointed question about gold. Neither corporate bonds, nor gold, nor oil could get their act together and are hanging in the balance.


On Wednesday, the administration announced a pause on new oil and gas leasing on federal territory. Weaker demand and earlier declines in oil prices have been holding down consumer price inflation. In the overnight electronic session, the march crude oil is currently trading at 5269 which is 8 points higher. The Energy sector has been the strongest in the previous month, but last week there have been significant declines in oil stocks. Even if we only consider second-round effects and indirect spillovers from oil/gasoline markets to core inflation, we get an aggressive Q2 profile fore core PCE.
Roughly a quarter of U.S. oil production comes from leases managed by the Department of the Interior, which include both onshore and offshore territory. The street was looking for slight builds in crude and surprised by the large draw which boosted the market.

United States

Since introducing forward guidance for its asset purchase policy in December, FOMC members have provided a range of possibilities for when the Fed might start tapering asset purchases. “The intense speculative behavior among retail investors is unnerving many on Wall Street as mounting losses by hedge funds could spill over to other areas of the market. As a result, one could argue the Fed has now taken a back seat in bond land from an official policy perspective.
The crazy market continues, fed by newbie investors ganging up on short-sellers in Game-Stop and a few other names, including one in our portfolio. The aftermath of the Fed will set the tone for the coming sessions, but I would look for early credit market clues before buying any dip. The Fed is a little less optimistic “The with weakness concentrated in the sectors most adversely affected by the pandemic” Tyler Durden (pseudonym) is the lead writer at ZeroHedge. less When it comes to Washington, D.C. headlines and the bond market, it’s not very often the Federal Reserve (Fed) is not taking center stage.
Well, given the Fed’s new policy framework of average inflation targeting, a.k.a. They appear waiting for the Fed, unwilling to move before discounting possible hawkish surprise (positive assessment of the economy would do that trick) as a false alarm. However, Chair Powell has made it abundantly clear the Fed is nowhere near making an official policy decision on that front.
Later today, traders will be sifting through comments from Fed Chairman Jerome Powell, who will offer an update on the country’s economic outlook. The lead image is from Fed Holds Policy Steady as Economy Stumbles. less As expected, the Fed holds interest rates steady and announces it will continue QE. It is on the QE point that the Fed will have some potential policy flexibility. The Fed’s Lovey-Dovey All-Around FOMC Statement shows the Fed’s commitment to blow bubbles is still intact.
First things first—the Fed just concluded its initial FOMC meeting for 2021. 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. Meanwhile, Wall Street’s “fear gauge” — the — is pacing for its biggest jump since June. The Fed is likely too negative on the short-term outlook by now. By Gunjan Banerji Close , Juliet Chung Close and Caitlin McCabe Close Jan. 27, 2021 2:11 pm ET The power dynamics are shifting on Wall Street.