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



The volume is down largely because of a decline in corn sales, which stood at 619,000 tonnes, versus about 1.93 million tonnes a year earlier. Arabica coffee futures on ICE closed down on Wednesday for the eighth consecutive session, touching a two-month low even as the market was seen as finally finding some support. But, listen, I had my cup of coffee with the CIA back in the Reagan days (yes, that far back!). 3 corn and soybean exporter.


Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action. For this reason, Aspen carries an even higher multiple at 15 times sales, or $9 billion in actual dollar terms. The US dollar index which was around 91-91.8 in the beginning of the month, is now trading at around 94.37. Suffice it to say, we believe it is only a matter of time before the dollar’s 2018 lows (present support) fail to the downside.
The dollar may be rallying at present but we believe its present rally will be short-lived. He thinks the euro could be putting in a top but dollar/yen seemed like a better bet from a timing perspective. The inverse correlation is due to the fact that commodities become more expensive (in dollars) in an environment where the dollar is weakening. Before we get into the strength of Rio’s dividend, let’s take a long-term view of the US Dollar. The dollar index powered up almost 30% before it finally topped out in early 2017.
We mention the dollar because shares of Rio Tinto went up more than 5-fold in the first decade of this century before finally topping out in 2008.


The cumulative amounts of gold loaned out could not exceed the amount of gold held in storage. Money managers are trimming their speculative positions, but fundamentals of the metal are still intact Gold prices which left investors gasping for breath are now hitting a wall. Of course, they saw no need to inform anyone of their actions and the receipts still stated that they were redeemable in fixed amounts of gold. In the first half of 2020, gold jewellery demand in India was down 60 per cent, y-o-y.
Silver has a percentage of being higher in this time frame of only 32%; this also goes for gold (GLD). When real yields rise then gold, which pays no income, can be expected to fall. To explain the intuition behind this, gold is widely regarded as a hedge against central banking irresponsibility. In addition to gold, he writes articles about inflation, interest rates, and the Federal Reserve. Both precious and industrial metals have now changed course:Why is gold falling?
He’s bullish on silver and thinks it will be a better performer than gold.


Source: The XLU includes a broader array of companies, including ones focused on natural gas rather than electricity or gas-electricity multiline and one focused on water. Malaysian palm oil futures hit a two-week low, following sharp declines in rival oils and global equities, while concerns over rising output also dashed sentiment. Crude Value Insights offers you an investing service and community focused on oil and natural gas. U.S. gasoline demand is declining in line with seasonal trends, though there has been no recent improvement in its departure from normal levels.

United States

Though economic indicators including unemployment rates and home sales have been positive, the US economy will recover only slowly. The latest sell-off was about rethinking the basic assumption that the U.S. and world economies can continue to recover, buoyed by continuing Fed largesse. Recent speculation is that the Fed may not print money and cut rates with quite the gay abandon that had been assumed. The report notes that the QC for the US government argued that Assange is ‘exaggerating’ his psychiatric symptoms and ‘self reporting’ suicidal ideas, and that Kopelman is an ‘advocate’.
Many of the biggest individual moves were on the tech-heavy Nasdaq, with Tesla Inc. losing 10% following an anticlimactic Battery Day event Tuesday and FAANGs also dipping. On Wednesday, he said the Fed had done basically all the things we can think of. Elsewhere, Turkey and Norway are expected to announce unchanged interest rates, while U.S. Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin testify on virus aid again.
Besides, geopolitical tensions from the US-China trade tiff and Brexit uncertainty are also positives.
Everyone who helped Trump get elected was targeted and virtually destroyed, and has there been an adequate response? Hence, Trump’s ultimatum to TikTok to transfer ownership to willing U.S. buyers.


The ECB’s policy has supported sovereign bonds, leaving the yields of insolvent states at negligible levels, thus generating a huge bubble in bonds, but in the case of equities? We also publish the Brexit Bulletin, a daily briefing on the latest on the U.K. s departure from the EU. Banks are gearing up for another dose of cheap ECB funding today. in fact, you can fight the ECB whenever you want and it works.