Open: New York Session | Forex, Metals, Oil, Agriculture December 08, 2020



corn and soybean are a very favorable indicator for seed margins going forward. Ivory Coast, the world’s top cocoa producer, is now in its dry season, which runs from mid-November to March.


Since 2019, we can see that the U.S. Dollar Index has posted losses of roughly 6%, whereas GLD has generated monster gains of nearly 50% during the same period. While the 3% difference between AMC and Cinemark’s revenues may represent large dollar amounts, it is likely negligible in determining which company operated more efficiently during the pandemic. Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action.
A fall in the dollar index means that the greenback is weakening, which is clearly advantageous for the rupee. Also, the dollar index is showing bearish bias. The dollar was also seen stronger, resulting in weakness in oil. The group is also encouraging London’s euro swaps clearing business to shift to Europe.


MARKET NEWS Gold prices touched a two-week high as investors pinned hopes on a U.S. fiscal stimulus deal to cushion the economic blow from surging coronavirus infections. Higher steel prices in recent months have helped U.S. Steel raise enough cash to complete the purchase sooner than expected, the person familiar with the matter said. Interestingly, Europe and Japan have actually seen the reverse scenario occur, but the declines in gold reserves seen in both regions were much smaller in size.
He is well known for combining technical, fundamental and sentiment analysis into one accurate conclusion about the gold market. But U.S. Steel still mostly makes its steel from iron ore melted in giant blast furnaces fueled by coal. Of course, for many gold investors, it would be unthinkable to put investment money into an ETF (rather than buying physical assets). In return, they receive royalties on whatever the project produces, or rights to a “stream,” an agreed-upon amount of gold, silver, or other precious metal.
He writes a bi-weekly in-depth analysis for one of Germany´s largest gold and silver retailer the “pro aurum group”. Gold trades higher on more stimulus talks in both the US and Japan, while Europe is finalizing its big Covid-19 stimulus package. As well he is publishing his bi-weekly comprehensive for his numerous international readers focusing on Gold, Silver, Mining, commodities and cryptocurrencies.


US crude oil inventories are estimated to have fallen for the 3rd straight week, falling 1.5 million bbl as per a Reuters poll of analysts. , with its average daily output this year estimated at 83,000 bpd of oil and 21,000 of oil equivalent. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. Gasoline inventories are estimated to have risen by 2.9 million bbl while distillate inventory is forecasted to have gone up by 1.2 million bbl.
The minister added that oil and gas industry employees whose jobs will become redundant under the plan will receive help through continuing education to find new employment. Even the joint ventures for parent company Diamondback Energy (FANG) to gain access to export terminals and hence better oil pricing have now been largely completed. Second, two of the major oil companies, Exxon Mobil (XOM) and Chevron (CVX), announced plans to reduce their massive capital spending programs to shore up capital.
The group had earlier decided to meet once a month to take stock of the oil markets and take a decision on further course of action. The oil and gas fields will be used for carbon storage, Jørgensen also said. The long haul joint ventures were done to prevent the discounting of oil prices that happened during the last boom.

United States

This additional flow of money should end up buoying the US economy and the the stock market from a number of angles. Starting out in 2017, it used its sales force in the US to promote these products, made very little money, and discontinued the practice last year. Siegel notes that M1 money supply has increased 44% since March – the kind of jump the US hasn’t seen since WWII. Monday’s Key Earnings Stitch Fix (NASDAQ:SFIX) +33.6% AH on earnings smasher, blasting past estimates.Toll Brothers (NYSE:TOL) -2.5% AH as Q1 guidance came in soft.
A great relationship between the Fed and the US Treasury bodes well for the stock market and the US economy in general.
A staple in the segment, the firm’s results telegraph early indications of consumer confidence and corporate rebound increasingly vital as the US moves to redress its flailing economy. Wall Street can view a transaction like this to be value accretive and investors usually pile into the stock with the better growth story. While ‘don’t fight the Fed’ or the trend has remained appropriate, this is now a very expensive market with regard to the super-caps, not so many others.
The enterprise benefits from a 3-year EBITDA growth rate of 10.7%, placing it accordingly among the most prominent homebuilders in the US housing industry. MSNBC still ranked third in cable news behind CNN and Fox News (NASDAQ:FOX) last month.


PIMCO Difficult U.K. Prime Minister Boris Johnson said talks with the European Union are “very tricky” but he still hopes to reach a deal. This means that many financial firms in London could be on their way out in favor of the European Union. European shares have opened flat this morning as all eyes are on whether or not a Brexit deal can be reached between the UK and the EU. Five Things Follow Us Get the newsletter McConnell remains stimulus roadblock, the election is nearly over, and Brexit talks flounder.
Moreover, the UK will have to back down over international law-breaking legislation that would override the Brexit withdrawal agreement. London trading platforms like Turquoise Europe, Cboe Europe and Aquis Exchange are all setting up in Amsterdam as “part of their no-deal Brexit plans”, the report notes. Meanwhile, the ramifications on demand of the end of the Brexit transitional period remain unclear. Angela Merkel is losing her touch at the worst possible time.
Then, on November 21st, the European Union Aviation Safety Agency (EASA) stated that the MAX is “safe to fly”. Brexit isn’t just about travelling rights for passengers.