[01/25] NATO is putting their troops on standby, and Biden ordered to move 8K of US soldiers to Eastern Europe. Seems like Russians are about to go to Ukraine anytime now. FED is having their Jan FOMC meeting starting today and Mr. Powell will talk to the public tomorrow after their monthly meeting about what FED would do. Beware, there is no FOMC meeting in Mar. That means, we all know what FED would be in this first quarter by tomorrow afternoon. INFLATIONS, RUSSIAN’S INVADE, FOMC, and OMICRON are keywords in this week. Euro hit the two-month low today, but USD Index went up 0.06%. DJ fell 0.2%, S&P fell 1.2% and NASDAQ downed 2.3% today. There were not any deep-pocket buyers today. There was fear in the air today that money could dry up sooner than expected. But let’s see what Mr. Powell would say tomorrow, he has some debt to Biden, and Biden’s only hope of winning this year’s midterm election would be the strong equity markets. Huge portions of young Americans are running their accounts for stocks and cryptocurrencies these days and remember, they can vote. No? Let’s see… Brent oil futures price jumped back into $88 regions easily, surged 2%, ended at $88.05 per barrel. Yemen’s Houthi people attacked US military base in UAE again. Whenever crude oil price shows some weakened move, geopolitical tensions are growing. It becomes a true trend here. Short position players are smiling, these days.
In the Ag market, not much strength today. It was another rainy day in Argentine today and will be continued by Thursday this week. It’s been beneficial…
