Forex Forum Archive for 05/14/2022

dc CB 21:13 GMT May 14, 2022
mkt

Wheat futures are expected to jump Sunday evening and add to record-high food inflation, crushing emerging market economies the hardest. High food prices have already resulted in inflation riots in several countries, one being the ongoing social instability unfolding in Sir Lanka.

Before the export ban, India was expected to be one of the top-10 wheat exporters for the 2022-23 crop season. Removing all (or part of) India's expected wheat exports creates a massive hole in the global supply and demand. Wheat prices will rise further, and quickly #OATT pic.twitter.com/XG7OKuyMxX
— Javier Blas (@JavierBlas) May 14, 2022


https://www.zerohedge.com/commodities/india-halts-wheat-exports-food-security-risk

Mtl JP 11:50 GMT May 14, 2022
mkt



POOF! approx $7.6 trillion in market cap
Trillion: 1,000,000,000,000 or one million million
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Patti "could" Domm crystalballizing:

* Stocks could see a reprieve from selling in the week ahead, after the past week’s sharp plunge and rebound.

* Retail sales and housing data are highlights of the economic calendar, and Fed Chairman Jerome Powell speaks at a conference Tuesday.

* The consumer is a focus when a few big retailers — Walmart, Home Depot, and Target — post earnings, the last big reports of the first-quarter earnings season.

Investors could get a reprieve from vicious stock sell-off in week ahead

Mtl JP 10:54 GMT May 14, 2022
mkt

tactically for maximum profit-making trade idea the piece is somewhat late but it may serve as a warm reminder to those gaming the "green"ing crowd :
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(Bloomberg) May 13, 2022 -- From record gasoline prices to higher airfares to fears of diesel rationing ahead, America’s runaway energy market is disquieting both US travelers and the wider economy. But the chief driver isn’t high crude prices or even the rebound in demand: It’s simply too few refineries turning oil into usable fuels. .. . .. In short, “too much refining capacity was closed during the pandemic,” Bloomberg Intelligence’s Valle said. “Diesel shortages and the price surge are likely here to stay.”

The US Can't Make Enough Fuel and There's No Fix in Sight

FW CS 02:07 GMT May 14, 2022
Snb eurchf
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Is the snb still doing its eurchf peg? If so I think we can have a blowup bigger than 2015.