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



BTW: It took an Italian land artist 10 hours to carve out a massive portrait of Joe Biden in a wheat field near Verona.


Italexit Party | A Brexit-inspired populist senator has launched an Italian political party committed to pulling the country out of the EU and ditching the euro. Therefore, I’ll explain the concept of dollar neutrality that’s necessary to understand pairs trading in general. The Bloomberg Dollar Spot index is now sitting around about where it was before risk assets March meltdown. The rupee (INR), that closed flat for two consecutive days, has opened today’s session considerably lower against the dollar (USD). For pairs trading, dollar neutral positions are often used. Negative real yields, U.S. virus woes, European stimulus and the Federal Reserve s QE have all been cited as drivers for dollar weakness. In dollar terms, gold is now barely 1% below its all-time high, set in early September 2011 in the wake of the U.S. debt ceiling crisis.


He is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the gold market. As well he is publishing his bi-weekly comprehensive for his numerous international readers focusing on Gold, Silver, Mining, commodities and cryptocurrencies. His unique has an outstanding track record and helps investors all over the world to make better decisions in the gold-market. Not coincidentally, this was accompanied by a further sharp rise in the gold price, which benefits from low real yields. He writes a bi-weekly in-depth analysis for one of Germany´s largest gold and silver retailer the “pro aurum group”. Since mid of March, we have been pounding into the Silver market aggressively with thirteen entries.


Norwegian oil major Equinor ASA posted a surprise profit and kept its plans for dividends and capital spending. Oil and gas is the largest industry in North Dakota’s economy, and oil prices have recently significantly decreased due to reduced demand caused by Covid. When oil prices last dropped in late 2014 and early 2015, North Dakota experienced a nearly 15% decline in its GDP. The economy is heavily dependent on oil prices, creating a potentially volatile situation for a large portion of IRET’s portfolio.

United States

Her husband is Bolivian and recently lost the opportunity to obtain a green card due to a ban by the Trump administration. In a powerful House floor speech, AOC assailed a sexist culture of accepting violence against women,” particularly among Republicans, including Trump. The US fast-food chain unveiled a storefront dominated by automation and food lockers, a move that would allow for a contactless environment to mitigate the spread of COVID-19. Donald Trump canceled next month’s GOP convention in Florida as deaths in the state broke another record. “Actually, that would be a big improvement – and she would win!” Trump tweeted in response to a Washington Times article suggesting she would challenge Mr Schumer. Trump scrapped next month’s RNC in Jacksonville, Florida, as the state posted a record 173 virus deaths on Thursday. Donald Trump said the trade deal means “much less to me” because of China’s role in the pandemic.


China s state TV demoted English Premier League matches from its main sports channel to one with fewer viewers, amid rising tensions between Beijing and the U.K. Surrounded by Lakes, Mountains and Extreme Pollution The world s worst air isn t in Beijing or New Delhi, but a tiny town in Chile. Chinese blue chips dipped 1.1 per cent as Beijing vowed to retaliate against a U.S. order to close one of its consulates.


During the EU sovereign debt crisis at the beginning of the last decade, they rejoiced in the miserable acronym of the PIIGS. Editor s Note: With EU institutions going into summer recess, we re also going to take a break. With difficulty in achieving consensus among EU member states, negotiations regarding Brexit have taken a back seat in many aspects. While the EU stopped short of calling for a blanket ban on the Chinese firm, they urged countries not to use risky suppliers for core parts of networks. My reason for making this argument was that the currency stands to have significant downside if a Brexit deal is not struck, but limited upside if it is. We also publish the Brexit Bulletin, a daily briefing on the latest on the U.K. s departure from the EU. The U.S. says the outbreak has gone too far to contain with testing, there’s no Brexit deal and there’ a new anti-EU movement in Italy.