Open: London Session | Forex, Metals, Oil, Agriculture April 28, 2021



The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.10 per cent to 91. Additionally, month-end dollar demand from importers and traders looking to take profits on short positions on the US currency could also cap appreciation bias, it added. However, much of this has to do with the strength of the dollar, which has been in a bull market for much of the last decade. The blue line goes a step further and adjusts for inflation based on the Producer Price Index for All Commodities, chained in today’s dollar value.
Escalating political problems for Modi would radically change perceptions of India.As for the currency, there has been much focus on its weakening against the dollar.


We didn’t need gold bars or physical coins or anything “natural” here.


Global oil benchmark, Brent crude futures, rose 0.05 per cent to USD 66.45 per barrel.

United States

“While we do not expect much price action due to the Fed decision, Biden’s remarks could continue to suggest more incoming supply, bear steepening the (Treasury yield) curve. Besides the Fed, investors are looking to US President Joe Biden’s first address to a joint session of Congress. For good reportage on these appalling events, read lengthy reports in the New York Times, the Wall Street Journal, or watch this video from Bloomberg. Some on Wall Street wanted more, though, and the shares slipped.
He is regularly cited in the Wall Street Journal, on CNBC and in the Financial Times.


They suggest that the EU could gradually open up voluntary carbon offsets tradeable credits generated for cuts in greenhouse gases that companies can use to justify their green claims. Negotiations with EU governments will follow with the aim of reaching a deal next month. Low-tax havens in the EU won’t like it.