Daily Close | Forex, Metals, Oil, Agriculture January 28, 2021



In the overnight electronic session the March corn is currently trading at 539 ½ which is 5 ½ cents higher.


US Dollar marched higher in Asia-Pacific trade, buoyed by haven-seeking capital flows as regional stock exchanges followed Wall Street lower. As such, a digital dollar, euro, or pound (e.g., ≋USD, ≋EUR, or ≋GBP) is supposed to be running on Diem’s infrastructure. Image Source: Pexels The million-dollar question is why and why now?


less Silver prices jumped up to a fresh two-week-high this morning, showing stark divergence with Gold prices that remain pinned back by resistance. 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. Luckily, the ECB also didn’t loosen its stance, but still, the lack of any fresh dovish moves by the Fed is not helpful for gold. Consequently, when analyzed separately, it’s positive for the price of gold.
Bitcoin is 5x more volatile than gold and 9x more volatile than the S&P 500. Arkadiusz is the author of the monthly Market Overview reports and Gold Monitor News at Sunshine Profits.


Its natural gas assets include 46,000 miles of natural gas lines. It is also a diversified business, split between complementary natural gas and electric utility businesses. Black Hills Corporation is an electric utility that provides electricity and natural gas to customers in Colorado, Iowa, Kansas, Montana, Nebraska, South Dakota, and Wyoming. Another tidbit with the gas & oil news, all energy industries will be proceeding with caution. Analysts differ on the selloff, with some claiming that the gas and oil had nothing to do with it.
In the overnight electronic session the March crude oil is currently trading at 5267 which is 18 points lower.

United States

In terms of data, fourth-quarter gross domestic product (GDP) missed Wall Street’s estimates, while weekly came in better-than-expected at 847,000 for the week ending on Jan. 23. In December, the Fed thought that the pandemic would impact inflation only in the “near term”, with risks to the outlook “over the medium term”. That focus on digital operations has heightened the importance of Qualtrics’s products, the company’s chief executive, Zig Serafin, told The Wall Street Journal.
The bull market is intact, and one tough Fed assessment of the situation on the ground, won‘t end it. The Census Bureau’s mid-month population estimates show a 75.9% increase in the US population since 1963. Luckily, Although he generally sounded rather neutral during his press conference, the Fed Chair has sent a few important dovish signals. The selling wave in the S&P 500 didn‘t stop with yesterday‘s Fed and picked up steam instead. I think this was the first time a Finnish share was manipulated by the Reddit “Wall Street Beats” website stock pickers.
Clearing is the trusted transfer of securities and funds between the buyer and seller, an essential function on Wall Street. The data since January 1963 is available in the St. Louis Fed’s FRED repository here. The US election and surrounding narratives are spent, a Brexit deal is in, and several Covid vaccines have emerged. 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.