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s CEO’s turn, mentioning negative GDP growth in US during the first half of the year 2023. GS’s CEO was mentioning about recessions yesterday. We could find out what they are really up to sometime next week.Apple fell 1.4%, MS was downed by 0.3% and Tesla was downed by 3.2% but Amazon was up 0.2% today.<figure id="0c7e"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*SFVsTQuJ-T2B9itU1JxwlA.png"><figcaption></figcaption></figure>US Dollar Index weakened today. 0.4% fell and settled at 105.20 points today. We’ve witnessed recently with a lot of economic indicators saying that Inflation is weakening fast. However, that put the market worries about the coming big recessions in coming years. That worries directly impacting the values of US dollar for now. But, let’s be honest, no one really knows what’s going to happen next week for those CPI numbers, FOMC meetings, why sorry now? Isn’t is fishy why so many people are now talking about RECESSIONS so much at once?<figure id="9248"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*ARtotgfGspPXcK88ySfclg.png"><figcaption></figcaption></figure>Crude oil market collapsed once more today. NYMEX Brent oil futures fell another 2.8% today and ended at $77.17 per barrel. That’s the lowest crude oil price in this year.What’s going on? Chinese finally got freed from their ZERO COVID protocols, at least for n

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ow. They’ve imported 12% more crude oil in Nov than a year ago and that’s the largest import in 10 months period.Do you remember the highest price of this year? It was $140 per barrel in March, right after Putin invaded Ukraine. It’s been half cut in just 7 months period.Is it real sign of global recession or another playground for the evil funds?<figure id="3237"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*pyBIfBvNkaPM64zUXwi5hg.png"><figcaption></figcaption></figure>In the agricultural market, most of grain relate items were surged a bit except soybean oil. Soybean oil price in CME fell another 1.1% but managed to stay in 60 cents regions somehow. Funds are still selling long positions in soybean oil futures market and that dragged down the oil prices.<figure id="7d47"><img src="https://cdn-images-1.readmedium.com/v2/resize:fit:800/1*m3u_Qldq8rtyHzfkCFEslA.png"><figcaption>CME SOYBEAN OIL CHART</figcaption></figure>But we’ve to be careful that other parts of the world, except USA, don’t really cares what’s going on in Bio fuel industry anyway.Indonesia and Brazil are busy to set up their Bio diesel industry in place. Friday could be the turning points of this confused agricultural markets. Until then, probably, funds need more time to liquidate their longs in soybean oil markets.Let’s wait and see…</article></body>

DEC 07. President Xi, give up his ‘ZERO COVID’ in China?

So, a big question to you all, President Xi lost to those college protesters over COVID issues? Chinese government announced huge changes about the COVID controls. It was the biggest changes since the pandemic began three years ago. This change already made huge differences in retails and consumption areas. People are already talk about 5.5% of GDP growth in 2023… OMG, It’s not even a day passed yet. It was just a big fuss, people.

So, back to that question, President Xi lost to the protesters this time? Has he given up his personal branding “ZERO COVID” policy from now on?No one really mentioned about the “ZERO COVID” policy anyway, Let’s wait and see…

US stock market consolidated once again today. DJ Index was up by 0.1%, S&P 500 Index was downed by 0.1% and NASDAQ index fell 0.4% today. Strangely enough, many US financial CEOs are starting to talk about doomed 2023 economies at once.

What are they up to? Normally, those kind of people don’t say any single word without the purpose. Today, it was BOA’s CEO’s turn, mentioning negative GDP growth in US during the first half of the year 2023. GS’s CEO was mentioning about recessions yesterday. We could find out what they are really up to sometime next week.

Apple fell 1.4%, MS was downed by 0.3% and Tesla was downed by 3.2% but Amazon was up 0.2% today.

US Dollar Index weakened today. 0.4% fell and settled at 105.20 points today. We’ve witnessed recently with a lot of economic indicators saying that Inflation is weakening fast. However, that put the market worries about the coming big recessions in coming years. That worries directly impacting the values of US dollar for now. But, let’s be honest, no one really knows what’s going to happen next week for those CPI numbers, FOMC meetings, why sorry now? Isn’t is fishy why so many people are now talking about RECESSIONS so much at once?

Crude oil market collapsed once more today. NYMEX Brent oil futures fell another 2.8% today and ended at $77.17 per barrel. That’s the lowest crude oil price in this year.

What’s going on? Chinese finally got freed from their ZERO COVID protocols, at least for now. They’ve imported 12% more crude oil in Nov than a year ago and that’s the largest import in 10 months period.

Do you remember the highest price of this year? It was $140 per barrel in March, right after Putin invaded Ukraine. It’s been half cut in just 7 months period.

Is it real sign of global recession or another playground for the evil funds?

In the agricultural market, most of grain relate items were surged a bit except soybean oil. Soybean oil price in CME fell another 1.1% but managed to stay in 60 cents regions somehow. Funds are still selling long positions in soybean oil futures market and that dragged down the oil prices.

But we’ve to be careful that other parts of the world, except USA, don’t really cares what’s going on in Bio fuel industry anyway.

Indonesia and Brazil are busy to set up their Bio diesel industry in place. Friday could be the turning points of this confused agricultural markets. Until then, probably, funds need more time to liquidate their longs in soybean oil markets.

Let’s wait and see…