Open: London Session | Forex, Metals, Oil, Agriculture January 15, 2021



Dollar indexThe dollar index closed the last session marginally lower at 90.24 as against Wednesday’s close of 90.36. less BL Research BureauThe rupee (INR) appreciated last session against the dollar (USD) and closed at 73.04 versus preceding day’s close of 73.15. The dollar index was little changed at 90.26 after drifting slightly lower overnight. “The central bank’s asset-buying program has weighed on the dollar as it increases supply of the currency, diminishing its value.
The riskier Aussie dollar slid 0.1% to 77.650 U.S. cents, tempering the previous session’s 0.6% rise. “Shorter term, Powell just put a lid on the U.S. dollar,” said Westpac currency analyst Sean Callow. The US dollar also weakened significantly in Q4, with positive direct and indirect implications for most sector groups. The dollar was little changed at 103.76 yen after slipping 0.1% overnight. The euro eased 0.1% to $1.21465, on track for a three-day decline.


“Oil market euphoria is unequivocally strong, but market indicators from Asia are mixed,” RBC Capital Markets said.

United States

Earlier this week, President Trump announced sweeping changes to coronavirus vaccine rollouts, quickly making all vaccine supplies accessible now, rather than withholding doses for patients’ second shot. As the Biden team fed his proposals to journalists during the day, there was no obvious sign of bond vigilantes taking fright. I Have No Regrets The world watched in horror last week after a mob of Trump supporters stormed the U.S. Capitol. Between 1985 and 1995, the U.S share fell by another 11 percentage points, only to bounce back to a local peak of by the year 2000.
The Trade War’s Scorecard Is ClearIn 2018, Donald Trump famously tweeted that trade wars are good, and easy to win as he started imposing tariffs on Chinese imports. Probably the most market-sensitive event of the day saw Fed Chairman Jerome Powell take questions online. 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.
He also seems to have the intellectual heft of both the progressive and the pro-Wall Street moderate wings of his party behind him for now. 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. This is following a negative close in the US over last night.


But with so many external geopolitical and economic factors in the mix, who knows how long the good times will last for Beijing s favorite capitalist.


German Chancellor Angela Merkel, meanwhile, wants to tighten the country’s lockdown as confirmed cases since the start of the pandemic surged past the 2 million mark. More Vaccines | The EU may secure an extra 50 million doses of Moderna s Covid-19 vaccine. Balkan Views | During the four-year Brexit drama, it was easy to forget that numerous other countries are striving to join the EU.