Don’t be surprised if the news reports food trucks are being robbed in 2021
While the Central banks start to step bank from the huge stimulus they have provided to the markets, there is another concern among agriculture. The Chinese are not only well aware but are getting prepared while prices are still reasonable but these huge demands for food goods have already started pushing up prices.
The effects of these price surges are still not present in modern-day food prices, but they will. Once we get into next year we may find ourselves facing, not only food shortages but also elevated prices of food that will far exceed the national income of some countries. We could see the biggest bull market in commodities in the last 15 years, so this is something to keep an eye on especially if there is a Biden win for the president.
In the markets,
we are still sticking with a short term stronger dollar, although today we may see minor run-ups in EUR and GBP against the dollar but we will still be seeking lower prices in both pairs EURUSD and GBPUSD for the remainder of the week unless the dollar strength gives a firm confirmation it will resume to the downside.
EURUSD: BUY
Our target is 1.1938
1.11826cancels the trade (if the price goes above)GBPUSD: BUY
Our target is 1.3020
1.2915 cancels the trade (if the price goes above)USDCAD: SELL
Our target is 1.3117
1.3230 cancels the trade (if the price goes below)GOLD: BUY
Our target is 1966.00
1942.00 cancels the trade (if the price goes above)
