Open: London Session | Forex, Metals, Oil, Agriculture December 24, 2020



Considering that the price action looks favourable to INR and that the dollar index is trading lower compared to last session, the rupee will most probably appreciate further. If these amounts are lower at close, the price would be reduced dollar for dollar. Currently, it is around -0.5.6 With continuing low interest rates, loose monetary policy and rising deficits, we believe the U.S. dollar could weaken further. Based on the latest reports, the package will include: The dollar amounts are, clearly, smaller this time around.
Precious metals historically have an inverse relationship to the U.S. dollar.


A sharp recovery in prices of steel and aluminium are conducive for conversion in ₹1.1 lakh crore of expansion pipeline of front line players. Industrial metals such as copper and aluminum are key components in the global shift toward electric vehicles and decarbonization because of their light weight, conductivity and ductility. Recent surge in steel and aluminium prices have brought them near 2017/2018 levels and they are 20-25 per cent away from their decadal peak.
Since 1996, the correlation of gold and silver with USD has been negative.


“When you see oil pick up and travel and tourismindustries pick up, it speaks to the market looking forward andpricing in that hope.

United States

Source: Real Matters Virtual Investor Day Presentation Slides Interestingly, the US Appraisal Management market has been upsized to a c. $4 billion opportunity, even after considering near-term waiver headwinds. Today, Wall Street continues to use Zacks research including the Zacks Rank and Zacks Equity Research, which combines the best of quantitative and qualitative analysis. It’s why there are over 9 million Federal workers (or is that “workers”) in the US.
He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. Its clients include Syngenta Asia Pacific, Sumitomo Chemical Company and UPL, across Europe, Japan, the US and India, it added. Unheard of in the days when all Wall Street could say was “Buy”.