Open: London Session | Forex, Metals, Oil, Agriculture January 18, 2021



Strategists have been lining up with calls in recent months for the yen to make a decent attempt at breaking the closely-watched barrier of 100 per dollar. “The US dollar Index is trading flat this morning in Asian trade against major peers. Elsewhere, it’s a busy week for sovereign bond auctions, while euro area finance ministers are due to discuss the pandemic.


Stainless steel climbed 1.7 per cent.Dalian coking coal dropped 0.4 per cent, while coke slumped 1.4 per cent. Today I take a look at Wave 4 developing into a more complicated correction for Gold and Silver, that would bring US spot Gold down to the 1720 area. Gold Trading Strategy:Short trade set ups explained. Elliott Wave Gold: Tracking two Elliott wave counts.


Meanwhile, the global oil benchmark Brent crude was trading 0.93 per cent lower at $ 54.59 per barrel. The demand woes led by the coronavirus outbreak and the oil market meltdown hurt the commodity market initially in 2020.

United States

Chicago Fed President Charles Evans recently said, it’s “probably going to be 2024 before we see interest rates start to rise,” per an article. With several economic data including that of the labor market coming in downbeat of late, the Fed is likely to stay put this year. For the global technology sector, the Trump administration notified several Huawei suppliers that it s revoking their licenses to work with the Chinese company, Reuters reports.
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. Unheard of in the days when all Wall Street could say was “Buy”. Trump $500 million poorer.


Ahead of a video summit of leaders later this week, European affairs ministers will today discuss ways to raise the EU’s game. What countries such as Greece may find shocking though, is an apparent lack of urgency from some of their EU partners. Laschet’s win is being viewed as good news for those who favour greater European Union integration and engagement with China and Russia. The U.S. condemned Russia s decision and called for Navalny s immediate and unconditional release, echoing similar demands from the European Union.
Lawrence Summers) German Foreign Minister Maas visits Turkey, as the EU and Ankara work to defuse tensionsLike the Brussels Edition?Don t keep it to yourself.