Open: London Session | Forex, Metals, Oil, Agriculture March 16, 2021



Last year’s finale in criminal prosecution of JPMorgan Chase, and the billion-dollar fine, apparently changed nothing. There have been COVID lockdowns, a disputed presidential election, and multi-trillion-dollar federal deficits and bailouts.


This insanity showed up in the physical gold and silver markets. Owning silver only while the New York trading markets are open would have been financially disastrous. The COMEX inventory of “registered” silver bars continues to fall. Yes, silver prices have showed strength. But silver has underperformed commodities such as lumber.


Meanwhile, the global oil benchmark Brent crude was trading 0.83 per cent lower at $68.31 per barrel. But if nations don’t need to go to war any longer over access to oil and gas, what will they be fighting over?

United States

Banks and energy stocks were the only laggards.Wall Street continues to eye the bond market, where yields pulled back a bit from Friday’s sharp increase. Investors are also focused on the recovery of the US and global economies from the coronavirus pandemic. Post the Federal Open Market Committee (FOMC) meet and a possible affirmation of the dovish stance by the Fed, the market may resume its upward move. The major trigger now is the US bond yield which has the potential to move huge money,” said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.
It’s worth 1000 words to anyone except for CFTC bureaucrats hoping for a high paying job on Wall Street. Teradata (Nasdaq: TDC) is an old player in the market that is trying to reinvent itself on the cloud.


Senator Amy Klobuchar, and EU antitrust chief Margrethe Vestager speak at Bruegel event EU finance ministers hold video conference Like the Brussels Edition?Don t keep it to yourself. Tech Taxes | EU finance ministers today will discuss progress toward taxing tech giants like Google for revenue they generate in Europe, no matter where they book it. The botched EU vaccine rollout campaign will dominate the call of the bloc’s health ministers this morning. The EU is also working on creating a digital contact-tracing system which will let member states better track outbreaks as people travel across borders.
Jack Daniels | American rum distillers and French winemakers celebrated this month when the U.S. and EU suspended tariffs on billions of dollars of each other s exports. Germany and France have both halted the shot, despite the European Union’s drug regulator reiterating its support for the treatment.