Open: London Session | Forex, Metals, Oil, Agriculture May 12, 2021



Muji, proud user of Xinjiang cotton.


“Most Asian currencies are trading weaker against the dollar and could weigh on sentiments,” Reliance Securities said in a research note. Tapering will tend to keep the pound stronger, while the lack of it in the U.S., as long as this continues, should weaken the dollar. He said that the government’s policies endanger the Dollar’s Reserve status. On Tuesday, the rupee had closed at 73.34 against the US dollar.


It seeks daily investment results that correspond to two times the inverse of the daily performance, minus fees and expenses, of the Bloomberg Gold Subindex. UGL seeks to replicate the daily investment results, before fees and expenses, that correspond to twice the daily performance of the Bloomberg Gold Subindex. Record high prices for commodities, including iron ore and copper, have also triggered anxiety over inflation, leading the rest of Asian markets to also fall.
Many investors would like to invest in gold, but they don’t want to deal with the hassle of buying and storing it. The price of gold has risen almost 10% since early April. These investors should consider gold ETFs, such as the GLD, the UGL, and the GLL. The gold bugs are rejoicing.


Meanwhile, international oil benchmark Brent crude was trading 0.36 per cent lower at $68.30 per barrel. Brent crude futures, the global oil benchmark, was trading up 0.01 per cent at USD 68.56 per barrel.

United States

The fact that the market is a bit apprehensive of rising inflation is reflected in the US 10-year yield rising above 1.6 per cent, he said. The Dow Jones Industrial Average slipped 473 points or 1.36 per cent; S&P 500 and Nasdaq tumbled 0.87 per cent and 0.1 per cent respectively. I also think there’s an increasingly convincing argument that the Fed’s policies have contributed to a lot of financial market craziness in the last year. Global cues will drive sentiment Indian markets are expected to open only marginally down on Wednesday despite bearish signal from the US and Asian markets.
I’ve been pretty vocal about the risk of inflation overshooting the Fed’s target this year. But if the month-on-month inflation data shows a surge, the dovish Fed will be forced to take it seriously. Tracking the US markets, Asian markets too ruling in the red. He has been quoted in a variety of financial news publications, such as CNBC, the Wall Street Journal, and the New York Post.
On Wall Street, indices ended in the red in overnight sessions. There has been a massive decline in COVID-19 cases in the US in the past 30 days.


Imports boomed in the run-up to the Brexit trade deadline at the end of last year before slumping; they have since recovered much more impressively than exports. Fund Delay | The EU recovery fund still hasn t cleared all the hurdles it needs to in order to start the flow of money to states. Britain s services sector, including the vital financial services industry, faces an uncertain post-Brexit future. Climate Envoy Kerry, ECB’s Stournaras, Enria speak at Delphi Economic ForumLike the Brussels Edition?Don t keep it to yourself.