Agriculture
But the news has failed to boost Chicago corn futures as the bookings are likely unsurprising to the market. Corn, soybeans and copper reached multi-year highs and lumber prices skyrocketed. 3 corn exporter and its top supplier of soymeal livestock feed.
Currencies
FOREX: The dollar held its ground against other major currencies as investors digested the U.S. Federal Reserve’s pledge this week to look past inflation and keep interest rates low. Copper prices slid as the dollar firmed on the back of rising U.S. Treasury yields, making greenback-priced metals more expensive for holders of other currencies. The New Zealand dollar, the euro, the yen and the franc all logged mild gains on the back of this downtick. Furthermore, a strengthening US Dollar did not make the environment easier for crude oil, and also anti-fiat gold prices.
The market reacted as the Fed intended, the yields on the long-term debt dropped, the dollar declined, and stocks made a new all-time high. That was compounded by gains in the dollar, which make greenback-priced commodities less attractive as a store of value. The dollar index and gold prices were little changed. A somewhat forgotten factor moving the dollar has also returned to the scene – .
The dollar held most of its gains from the prior day. He predicts the currency will weaken to 74 per dollar by the end of June, from Friday’s 72.5150.
The market reacted as the Fed intended, the yields on the long-term debt dropped, the dollar declined, and stocks made a new all-time high. That was compounded by gains in the dollar, which make greenback-priced commodities less attractive as a store of value. The dollar index and gold prices were little changed. A somewhat forgotten factor moving the dollar has also returned to the scene – .
The dollar held most of its gains from the prior day. He predicts the currency will weaken to 74 per dollar by the end of June, from Friday’s 72.5150.
Metals
On MCX, gold futures were down 0.1% to Rs 44,904 per 10 gram while silver slumped 1% to Rs 67,100 per kg. Gold prices traded 0.43 per cent higher at $1,740 per ounce in New York. Silver traded lower by 0.55 per cent at $26.21 per ounce in New York. Gold and silver prices fell today in Indian markets, tracking a similar trend in global markets. With the US currency being less strong than in previous years, both gold and silver have begun steady inclines, with the white metal gaining more ground.
In the previous session, gold had edged 0.3% higher amid volatile trade while silver rose 0.7%. >> Fabrice Drouin Ristori on Twitter is an independent investment analyst and studies the gold and silver market and their future role in the international monetary system. He follows regularly since 1970 the gold, silver and foreign exchange markets. It mainly explores silver, gold, lead, and zinc and holds an interest in the Ying silver-lead-zinc project and GC silver-lead-zinc mine in China.
He follows and analyzes the gold and silver markets since 2008.
In the previous session, gold had edged 0.3% higher amid volatile trade while silver rose 0.7%. >> Fabrice Drouin Ristori on Twitter is an independent investment analyst and studies the gold and silver market and their future role in the international monetary system. He follows regularly since 1970 the gold, silver and foreign exchange markets. It mainly explores silver, gold, lead, and zinc and holds an interest in the Ying silver-lead-zinc project and GC silver-lead-zinc mine in China.
He follows and analyzes the gold and silver markets since 2008.
Oil
Crude exports from the world’s biggest oil exporter rose to 6.582 million barrels per day (bpd) in January from December’s 6.495 million bpd. Crude oil output slipped 0.6% from January to 1.793 million barrels per day (bpd) in February, while the NPD’s forecast for the month had stood at 1.785 million. Norway’s Feb oil output slightly exceeds official forecast Norway’s oil production slightly exceeded official expectations in February, preliminary data from the Norwegian Petroleum Directorate (NPD) showed on Friday.
That quest took a back seat for energy investors last year when the pandemic sent oil demand and prices plunging. less A drop of 7.62% marked the worst single-day slump in WTI crude oil prices since volatility experienced around 2020 lows back in April. Crude oil prices rebound over 1% higher after topping 7.6% overnight. BEFORE THE BELL Futures for Canada’s main stock index rose on firmer oil prices, while investors awaited retails sales data for January.
Russia plans to decrease its oil exports in the second quarter despite an OPEC+ decision to allow the country an additional output hike in April.
WTI can be quite sensitive to risk trends as it follows global growth prospects, so stock market volatility worked to amplify downside pressure on oil as energy stocks faltered. Rout Crude oil is holding steady close to $60 a barrel this morning after the commodity suffered a 7% loss in yesterday’s trade.
That quest took a back seat for energy investors last year when the pandemic sent oil demand and prices plunging. less A drop of 7.62% marked the worst single-day slump in WTI crude oil prices since volatility experienced around 2020 lows back in April. Crude oil prices rebound over 1% higher after topping 7.6% overnight. BEFORE THE BELL Futures for Canada’s main stock index rose on firmer oil prices, while investors awaited retails sales data for January.
Russia plans to decrease its oil exports in the second quarter despite an OPEC+ decision to allow the country an additional output hike in April.
WTI can be quite sensitive to risk trends as it follows global growth prospects, so stock market volatility worked to amplify downside pressure on oil as energy stocks faltered. Rout Crude oil is holding steady close to $60 a barrel this morning after the commodity suffered a 7% loss in yesterday’s trade.
United States
At that time the Fed wanted unemployment at 6.5% before raising rates, almost double the level achieved just before the pandemic (with no sign of inflation). Stocks pulled back on Thursday from their highs and the Nasdaq was down 1.5% through late afternoon trading as Wall Street continues to monitor inflation worries. BEFORE THE BELL Wall Street futures gained as bond yields eased from their 14-month highs reached the day before, while investors looked to a faster U.S. economic recovery.
Wall Street futures gained as U.S. bond yields eased from their 14-month highs reached the day before, while investors looked to a faster U.S. economic recovery. Investors do not buy into the Fed’s narrative that monetary policy will not be tightened in the face of rising inflation. PayPal The Generation Gap Strikes AgainFew people are as beset by fears of runaway inflation as Ray Dalio, who’s just about fed up with investing in financial assets altogether.
less On Wednesday, the Fed did the impossible and suggested more easing on a growing economy with higher inflation expectations. But rates further out suggest that inflation will return to the Fed’s target. But rates further out suggest that inflation will return to the Fed’s target.Emily Barrett is a cross asset reporter for Bloomberg. Since leaving Wall Street I’ve dedicated my financial career towards studying this situation and helping people understand what’s actually happening.
Wall Street futures gained as U.S. bond yields eased from their 14-month highs reached the day before, while investors looked to a faster U.S. economic recovery. Investors do not buy into the Fed’s narrative that monetary policy will not be tightened in the face of rising inflation. PayPal The Generation Gap Strikes AgainFew people are as beset by fears of runaway inflation as Ray Dalio, who’s just about fed up with investing in financial assets altogether.
less On Wednesday, the Fed did the impossible and suggested more easing on a growing economy with higher inflation expectations. But rates further out suggest that inflation will return to the Fed’s target. But rates further out suggest that inflation will return to the Fed’s target.Emily Barrett is a cross asset reporter for Bloomberg. Since leaving Wall Street I’ve dedicated my financial career towards studying this situation and helping people understand what’s actually happening.
China
High-level talks between the world’s largest economies resulted in mutual accusations and seemingly little progress to resolve outstanding issues on trade, Taiwan, Hong-Kong, Xinjiang, and other topics. Should those talks be fruitful, China will seek a meeting between Biden and Premier Xi Jinping next month.
Europe
What you should read EU Travel-Pass Plan by June Seen as Tall Order EU faces a tough task in to introduce Covid-19 passports by the summer. European Central Bank President Christine Lagarde, meanwhile, turned the focus to governments and pushing them to ensure they roll out fiscal stimulus promptly.Curbing RiskU.S. Last week on Thursday, the pair rose from 1.19 close to 1.20 at the ECB meeting and press conference. Prime Minister Boris Johnson said he s open to the idea of an amnesty for migrants who move to the U.K. illegally.
less “A technical issue” – UK Prime Minister Boris Johnson explained a delay in immunization doses manufactured in India. His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. In addition, the clashes with the EU are unhelpful either.
0 less “A technical issue” – UK Prime Minister Boris Johnson explained a delay in immunization doses manufactured in India. His feature articles have been published on: FXstreet.com, Thestreet.com, Action forex, Forex TV, Istockanalyst, ForexFactory, Fxtraders.eu, Insidefutures.com, etc. In addition, the clashes with the EU are unhelpful either.
