Open: New York Session | Forex, Metals, Oil, Agriculture May 04, 2021



Eleven Madison Park Is Going Vegan The meatless menu will still cost $335, but Daniel Humm says there will be cow s milk made available for your coffee. Over two decades ago Jay got his start at the Kansas City Board of Trade in the Wheat Futures pit.


Outside of a handful of currencies, mainly in Asia, the dollar is also posting gains against most in the emerging market space, with European currencies taking the brunt. Euro is under pressure amid broad US Dollar strength, although the easing of travel restrictions over the summer could underpin the Euro. The US Dollar followed 10-year Treasury yields higher, while the New Zealand Dollar and Swiss Franc largely underperformed their major counterparts.
The dollar index strengthened on likelihood of rise in U.S. interest rates due to roaring economic recovery, while gold prices edged lower. Gold prices corrected in the Indian market today as a stronger dollar and Federal Reserve Chair Jerome Powell’s comments on the US economy weighed on the yellow metal. The Indian rupee advanced by 14 paise to 73.81 against the US dollar in opening trade on Tuesday, as a positive trend in equity markets lifted investor sentiment. Gene comments on stock, bond, dollar, oil & gold markets, with a particular emphasis on monetary policy, technology issues and S&P intraday action.
less It is springtime and Europe is reopening to travelers – yet the upbeat news coming from Brussels is insufficient to help the euro recover against the resurging dollar. The Australian Dollar spiked higher in the wake of the Reserve Bank of Australia’s interest rate decision, before continuing its downward slide towards the back-end of the session. Dollar General Corp: Keybanc cuts rating to sector weight from overweight, noticing risks from the fading stimulus lift, difficult comparisons and inflationary pressures.


Gold prices for the latest contract on MCX are trading down by 0.4% at Rs 47,148 per 10 grams. Gold prices are trading down 0.4% at Rs 47,140 per 10 grams. S&P 500 futures pointed to a small move lower at the open, the 10-year Treasury yield was at 1.621%, oil rallied past $65 a barrel and gold dipped. Steel prices, like the cost of many other commodities and industrial inputs, have been on a tear in recent months. His portfolio includes investments in stocks and corporate bonds from Europe and elsewhere through funds, plus gold and silver.
These now look like final shakeout Friday dips as yesterday silver finally closed above its high of April yesterday. Greenback strength weighed on gold prices, with the anti-fiat metal sliding 0.4% lower. Last week we saw gold rally hard after the Wednesday FOMC meeting up towards its $1800 resistance level only to pullback on Friday. Everything is in gear now as a silver launch just means a gold one is coming soon too.
You may want to sell all crypto coins and put that money into silver – with the intention to hold it as a real investment.


Crude oil prices also drifted lower but still remain constructively positioned above $64 per barrel. Oil prices rose, after more U.S. states eased lockdowns and the European Union sought to attract travellers. Oil is edging lower amid concerns over the COVID crisis in India which could drag on oil majors. The same poll also estimated a drawdown in distillate stocks by 1 million barrels and a drawdown in gasoline stocks by 0.6 million barrels. As of 09:00 AM BST, the front month Brent futures contracts rose by 0.38% to trade at $67.82/bbl compared to the previous day s settle.
Coal exports rose 8.7% (to an eight-month high), and natural gas exports rose to a nine-month high. Meanwhile, international oil benchmark Brent crude was trading flat at USD 67.56 per barrel. Crude oil is firm, and the June WTI contract is trying again to sustain gains above $65 a barrel. Workers represented by the United Steelworkers union (USW) walked picket lines for a third day outside the gates of the refinery and its lube oil plant.
In terms of the US oil demand recovery, investors will be once again looking towards weekly inventory volumes.

United States

US stock futures are trading lower today, indicating a negative opening for Wall Street. The group invests in secured debt investments, equity investments, warrants, and other securities of the lower middle market and middle-market companies based in the US. The ISM manufacturing PMI print fell short of market expectations, cooling Fed tapering fears and boosting precious metal prices. less After seeing its pre-weekend gains pared yesterday, partly due to some disappointing data, the US bounced back today.
S&P 500 futures were down 0.2%, Dow Jones Industrial Average futures edged down 0.1% and Nasdaq-100 futures slipped 0.3%. Looking ahead, trade balance data out of the US and Canada headline the economic docket alongside manufacturing PMI figures out of the United Kingdom. Lenders have long put ratchets on loans or step-ups on bonds that cause interest rates to change depending on a company’s financial performance. Republican complaints about fictional election fraud were central to their legislative agenda in state after state well before Trump s 2016 campaign.
New York Fed President John Williams also said current conditions are “not nearly enough” for a shift in monetary policy stance. The US 10-year yield closed below 1.60% yesterday for the first time in a week but has resurfaced above that threshold today.


The EU executive in Brussels was sidelined after several nations unilaterally suspended the AstraZeneca shot over health concerns, threatening to undermine a vaccine rollout already hobbled by procurement issues. Elsewhere, the European Union has made plans to open up to more foreign visitors that have been vaccinated in the summer, thus promoting air travel and fuel demand. The European Investment Bank (EIB), the investment bank owned by the EU Member States, has announced the issuance of its first-ever digital bond built on a public blockchain.
Opening and closing British Prime Minister Boris Johnson said that the country’s lockdown rules are to the scrapped in seven weeks’ time. The iPhone maker was charged Friday by the European Union with antitrust violations for allegedly abusing its control over the distribution of music-streaming apps. Apple still has a chance to argue its case before the EU’s regulatory commission before it renders its decision.
The EIB, a not-for-profit organization and lending arm of the European Union,said it had worked on the digital bond project with Goldman Sachs, Santander, and Societe Generale. France recently rejected the UK’s post Brexit provisional changes to the post Brexit fishing license. However, DUP leadership elections in Northern Ireland will keep Brexit issues firmly in the spotlight. What was the point of the EU if it couldn t protect its citizens?Now, its bet on the BioNTech/Pfizer shot is paying off.