Open: London Session | Forex, Metals, Oil, Agriculture October 13, 2020



Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, surged 0.10 per cent to 93.16. The NZD/JPY currency pair, which expresses the value of the New Zealand dollar in terms of the Japanese yen, is classically a risk-on currency pair. The euro traded at $1.1841 , having gained 0.60 per cent on Monday.“It seems there is a strong optimism that eventually there will be stimulus. The rupee depreciated 13 paise to 73.41 against the US dollar in opening trade on Tuesday tracking strengthening American currency.
It has strengthened against both the euro and the dollar in the last few weeks. The Indian currency opened at 73.41 against the US dollar at the interbank forex market, down 13 paise over its previous close. Dollar weakness has kept sterling close to the top of its range for the last three years: How is this possible? The rupee (INR) settled 14 paise lower at 73.27 against the dollar (USD) on Monday.
Risk: reflation tone spills from US equities into euro rates. This confidence helps explain the current bullishness surrounding the euro.


Brent crude futures, the global oil benchmark, rose 0.17 per cent to USD 41.79 per barrel. At the macro level, a firming up in oil prices would quickly attract energy speculators again. That was when oil prices were $140 per barrel. Conservative investors may want to wait for oil prices to strengthen. Because oil prices are so long, BP cannot rely solely on the commodity. This would drive oil demand higher and consequently lift BP’s prospects. “The count has declined each year since 2009.”(Source: Natural Gas Insight) DAPL was not the first pipeline to cross Lake Oahe – it was the eighth.
US West Texas Intermediate climbed by the same amount to reach $39.41.

United States

But open interest for bullish call options on the pair has been creeping higher all month and traders noted the so-called Nasdaq whale resurfaced again in early October. Axios writes, “On Friday, a source familiar with the discussions said the Trump administration believed it now had an agreement in principle, .” Monday saw the former vice president s lead over Donald Trump in polls of polls top 10 percentage points for the first time. The company also noted geographic inconsistencies across different regions of the US, with limited visibility into a recovery.
Because the 1619 Project insists that the US was founded for the purpose of entrenching slavery and that to this day, this nation is dominated by that legacy. 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. the bond yield would be higher than the swap rate, like in the US.
Beijing has objected to a series of diplomatic moves by Canberra that it viewed as supporting the US in its trade and security dispute with China. Hannah-Jones has little inhibition about promoting a script that regards not only the Founders of the US but members of the white race with contempt. The Kremlin has called the US plan “absolutely unrealistic,” bringing talks to an impasse.


The jointly-backed debt will probably make the EU the world’s largest social and green debt issuer and one of the biggest overall with a stellar credit rating. It’s interesting to see how many EU bonds the national central banks of the Eurosystem, particularly the Bundesbank, would buy. However, the upcoming EU bond issuance may result in flows that actually create widening pressures for long-dated swap spreads. You need to trust Boris Johnson to craft a better response to the pandemic and also to reach a deal with the EU.
With France digging in over access to British fishing waters, EU governments are getting nervous about the prospects of no deal and want to step up preparations.
The pandemic, which wrought far more damage in Italy than in Germany, is now perceived to have brought the nations of the European Union closer together. French Business | Emmanuel Macron is leaning on a former cabbie to fine tune his economic policies in this time of crisis. The ECB may prefer an increase in the PEPP and easier TLTRO terms to a deposit rate cut. With the EU accounting for most of the country s exports, this could be a brutal hit.
Here’s what the EU’s budget chief Johannes Hahn told us in an interview about the Commission’s issuance plans.Climate Showdown?