Daily Close | Forex, Metals, Oil, Agriculture June 09, 2021

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Currencies

Additionally, stocks under $20 reap huge profits as an increase of as less as a dollar in share price adds 5% to the portfolio. The dollar hardened slightly, putting pressure on the precious metal, while anxieties over inflation also weighed. German bond yields and the euro are strong and by initiating the discussion prematurely, they risk setting back the recovery. The U.S. dollar (along with other Western currencies) has been diluted – past tense. The dilution of the U.S. dollar is as undeniable as it is extreme.

Metals

Gold prices saw a modest gain, with many investors proceeding commodities with caution ahead of upcoming inflation data. August-dated gold added $1.10, or almost 0.1%, to settle at $1,895.50 an ounce for the day.

Oil

AMC Entertainment; Sweden-based biotechnology group (NASDAQ:OLK); oil and gas exploration company (NASDAQ:APA); (NASDAQ:CELH), which develops calorie-burning beverages; and medical device group (NASDAQ:SWAV) top the list of current holdings. The start of the summer driving season in the United States, the world’s top oil consumer, has bolstered further optimism over demand. “I had said that oil was uninvestable,” Cramer said Wednesday on “Halftime Report.” Despite this news, July-dated crude dropped 9 cents, or 0.1%, to settle at $69.96 per barrel.
This complements the US Weekly Gasoline Import Forecast that is emailed and posted to Eikon each Tuesday.

United States

Investing.com Follow This has become the year when “meme stocks,” like movie theatre operator, (NYSE:AMC), have captured Wall Street’s imagination. This has become the year when “meme stocks,” like movie theatre operator, (NYSE:AMC), have captured Wall Street’s imagination. Inflation also increased across the globe with many experts casting doubt on the Fed’s view that the uptick in inflation will be temporary. On Tuesday, as we write, another stock, (NASDAQ:CLOV), has become the latest meme stock darling.
John incorporates a diverse and comprehensive blend of technical and quantitative metrics that tend to be more intuitive and forward-looking than the typical Wall Street approach. John is frequently quoted in the financial press in both the US and abroad including , , , , , and . The Capital Spectator has been quoted by a range of news organizations, including The Wall Street Journal, Reuters and others. Leading spirit and wine maker, Brown Forman Corp (BF-B), is falling sharply after reporting earnings that failed to impress Wall Street.
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. Among the largest holdings are , electric vehicle darlings (NASDAQ:TSLA) and (NYSE:NIO), technology pioneer (NASDAQ:AAPL) and .

Europe

The question for the ECB tomorrow is whether the growth and inflation outlook are strong enough for the central bank to talk taper. The ECB may opt to avoid taper talk until data catches up with expectations. Angela Merkel s final grade: C.Covid s Not Dead YetThe coronavirus pandemic seems to be in a state of quantum superposition.

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