Open: London Session | Forex, Metals, Oil, Agriculture August 06, 2020



GASC said it bought 120,000 tonnes of Russian wheat for shipment Sept. 11-20 and 290,000 tonnes of Russian and Ukrainian origin wheat for shipment between Sept. 21-30. Ukraine, a traditional grower of winter crops of wheat, barley and rapeseed, usually starts sowing in the second half of August with winter rapeseed. Canada is one of the world’s biggest wheat exporters, and the top canola producer. MARKET NEWS Chicago soybeans slid for a third consecutive session, weighed down by expectations of a bumper U.S. harvest as rains are forecast in key growing regions.
Out SOTP-based target price stands at ₹75 (earlier ₹70).NBVL aims to dilute stake in subsidiaries/step-down subsidiaries, monetise its sugar assets, and monetise idle power units.


Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action. But if we look at gold in euro and yen terms, there is more to this than dollar weakness. The dollar has weakened sharply in the last few months. For a 420 million euro ($500 million) investment, the facility is expected to store European users’ data by early 2022. With Europe being the main theme of my professional life, obviously something to say on the euro crisis.
In 2008, I joined ING and immediately had to put my experience on Europe, the Euro and policy-making into practice.


Investors and traders have plenty of gold mining stocks to choose from, so New Gold is not on their priority list. In my opinion, New Gold’s management has done everything correctly, as they prioritized the survival of the company over potential stock price upside. Due to the unfortunate hedging program, the company cannot fully enjoy the higher gold prices. The company produced 98,079 gold equivalent ounces (GEO) at all-in sustaining costs (AISC) of $1283 per ounce.
Points of Return Follow Us Get the newsletter Answering an Impossible Question As I write, gold has surged to yet another record, topping $2,050 per ounce. The gold price in dollars depends on the value of the currency as much as on the value of the metal. Gold doesn’t pay an income, and this becomes less and less of a problem as bonds pay less in real terms. squashing real yields ever lower, and continuing to raise the fair value for gold. A while after this, gold would probably go splat, but the ride to get there would be lucrative.
So gold is expensive, but it is still significantly less expensive than at the previous peak in late 2011.


Also, the fact that energy companies are only 2-3% of the S&P 500 despite oil and gas some of the most important energy sources indicates some degree of undervaluation. The oil and gas sector is unable to earn its dividends from earnings right now, based on low energy prices. This is the second oil major to cut dividends, after Royal Dutch Shell (RDS-B) cut dividends at the end of April 2020. Malaysian palm oil futures inched up, lifted by bargain-buying and expectations of a plunge in July stockpiles and output.
Despite the ongoing pandemic and the green transition, we see a bullish case for oil in the short-term. This was the first dividend cut for BP since 2010 when it had a costly oil spill in the Gulf of Mexico. A further price fall back into the range well below 45 for Brent and 42.50 for WTI would mark a bearish technical development.

United States

U.S. Defense Secretary Mark Esper said that “most believe” that it was an accident, though Donald Trump said it could have been an attack and “nobody knows.” He and Bennington said that Microsoft (NASDAQ:MSFT) and Apple (NASDAQ:AAPL) look like they’re in very positive positions and the biggest risk going forward may be Facebook (NASDAQ:FB). On the virus front, Twitter and Facebook blocked a video shared by accounts linked to Trump for violating their policies on misinformation about the disease.
In this light, it is especially interesting that the Trump administration is making statements that would contribute to this scenario.
Commenting on the situation after a meeting with military officials, President Donald Trump claimed that the incident was an attack. Comments by the US President about a supposed attack on the Beirut port do not make the situation any easier. Nasdaq OMX mortgage all index is re-weighted 14 September and HB’s index on 7 September. It was a bomb of some kind,” Trump said. Nonetheless, it seems that the US leadership has a quite different point of view.
The Fed s target is to keep inflation between 1% and 3%.


The sales come amid rising political tensions between Washington and Beijing. Inside Xinjiang’s camps.


By now, I have built up excellent skills and experience in analyzing macroeconomic and political developments in Europe, the Eurozone and Germany, including ECB watching. Main focus: Europe, Eurozone, Germany and ECB.