Open: New York Session | Forex, Metals, Oil, Agriculture August 27, 2021

A member of the National Guard plays a trumpet during a flag rai

Agriculture

There are already signs that their profit potential, at least across the U.S. corn belt, appears to have peaked, and things may get tougher.

Currencies

Brent crude, used as the price basis for international oils, added 50 cents to USD 71.57.The dollar fell to 109.99 yen from Thursday’s 110.06 yen. Dollar General Corp: CFRA cuts rating to hold from buy, saying the company raised FY2022 sales outlook but didn t raise operating income guide, which implies weaker operating margins. The Unemployment Claims from last week surged to 353K against the forecasted 345K, weighed on the US dollar, and limited the downward momentum in gold.
Rising prices of the US dollar and firm US Treasury yields continued to press gold. The US dollar was strong on board despite poor-than-expected macroeconomic data released for the day. Gold prices firmed, while the dollar was slightly down. The DXY reached the 93.08 level and supported the US dollar, ultimately putting pressure on the yellow metal. less Since January, the Swiss Franc surrendered ground versus the US Dollar, with USD/CHF up nearly 3.5% on a year-to-date basis.
The euro slipped to USD 1.1754 from USD 1.1759.

Metals

Gold prices edged higher in Indian markets today despite muted global cues. Gold prices are trading up by 0.4% at Rs 47,410 per 10 grams. Gold prices are trading up 0.6% at Rs 47,519 per 10 grams. Treasury yields continued their bullish streak for a third consecutive session on Thursday and added extra weight to gold prices. The strike is continuing for the third week at Caserones mine, which produced about 1,27,000 tonnes of copper last year. On the other hand, the uncertainty about the decision of the Federal Reserve regarding tapering economic support at the Jackson Hole symposium kept supporting gold prices.
Meanwhile, silver prices are trading up by 0.3% at Rs 62,937 per kg. Gold prices closed at $1795.15 after reaching a high of $1800.35 and a low of $1781.35. In global markets, gold rates were steady today as investors awaited Fed chief Jerome Powell’s speech later in the day at the Jackson Hole symposium. Spot gold rose 0.1% but traded below the key level of US$ 1,800 at US$ 1,793.7 per ounce.

Oil

Oil rose on supply concerns, as energy companies began shutting production in the Gulf of Mexico ahead of a possible hurricane forecast to hit on the weekend. Meanwhile, international oil benchmark Brent crude rose 0.94 per cent to $71.74 per barrel. Oil man and the sea | Norwegian billionaire Kjell Inge Rokke s Aker and SalMar will create an offshore fish farming company to open new waters for producing salmon.

United States

A key question for investors is when the Fed will scale back its $120 billion in monthly asset purchases and consider raising interest rates. It reported a net loss of CNY 1.19 billion in the second quarter, below Wall Street analysts’ expectations for a net loss of CNY 1.236 billion. Minutes from the Fed’s late July policy gathering showed that many of the officials thought asset buying could start to slow down by the end of this year. If they start to taper bond purchases, that could send interest rates higher, which does not necessarily translate to higher prices in the Nasdaq 100.
US stock futures are trading lower today, indicating a negative opening for Wall Street. Receipts he provided to The Wall Street Journal showing YouTube revenue payments confirm that he earns several million dollars a year in ad revenue alone. Investors are looking to gauge whether the Delta variant, which threatens to delay a rebound in travel and leisure spending, will alter the Fed’s plans.
Nexters’ ordinary shares and warrants will be traded on Nasdaq under the tickers GDEV and GDEVW, respectively, the company said in a statement. The rupee is trading at 74.15 against the US$. After interviewing experts about the trillions of dollars the Fed flooded into the banking system, he summarized, Does that mean what I think?

China

The new rules are likely to help Beijing exert more control over the complex corporate structure that China’s biggest tech companies use to sidestep restrictions on foreign investment. The private sector helped power China s economic rise, but President Xi Jinping seems determined to rein in what he sees as its excesses. Founded in 2014, EqualOcean is headquartered in Beijing and has offices in Shanghai, Shenzhen and New York.

Europe

David Merkel is an investment professional, and like every investment professional, he makes mistakes. Nvidia is unlikely to offer concessions during this period, the sources said, which will then prompt a 90-working day full-scale EU investigation. David J. Merkel, CFA — 2010-present, I run my own equity asset management shop, called Aleph Investments. Michel Barnier, the European Union s former Brexit negotiator, is running to be France s Republican party candidate to challenge Emmanuel Macron in the April presidential election.

0