Open: London Session | Forex, Metals, Oil, Agriculture July 30, 2021

investors

Agriculture

They could make raw sugar and raise funds quickly,” the dealer said.

Currencies

“Regional currencies have started marginally weaker against the Dollar early Friday morning, while crude remained strong and could keep appreciation bias limited,” Reliance Securities said in a research note. At the interbank foreign exchange, the domestic unit opened at 74.30 against the dollar, then inched higher to 74.27, registering a gain of 2 paise over its previous close. Fridays are typically not a big battle day for US dollar bulls versus the bears, so I think we could see a back-and-forth session.
On Thursday, the rupee had settled at 74.29 against the US dollar.

Oil

BPCL: The government on Thursday permitted 100 per cent foreign investment under the automatic route in oil and gas PSUs which have received in-principle approval for strategic disinvestment. crude and gasoline inventories fell sharply in the latest week, with crude stocks at Cushing at their lowest since January 2020, reflecting strong demand growth. The move would facilitate the privatisation of India’s second-biggest oil refiner Bharat Petroleum Corp Ltd (BPCL).

United States

The Fed is not hurrying the tapering debate, UK covid cases are declining fast, and China & HK equity markets are rebounding. As well as published in prestigious publications, the New York Times, Wall Street Journal and The Economist, among others. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post. You will be charged $ + tax (if applicable) for The Wall Street Journal.

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