Trading Desk Notes For March 12, 2022
The inevitable consequences of soaring commodity prices In last week’s Notes, I wrote: “There are always unexpected consequences. Somewhere in the world, there is a massive “short commodity” position that may “blow up” as a result of soaring commodity prices – causing...
Russians try to sell Big Macs for around $36 each and a McDonald’s paper bag for more than $300, following the closure of branches
Russians are attempting to sell McDonald’s menu items online at highly inflated prices, following the closure of more than 800 restaurants in the country. Insider viewed multiple listings on Avito, a Russian classified-ads website, which offered products...
Canadian dollar outperforms G10 peers on jobs surge
* Canadian dollar strengthens 0.2% against the greenback * Canada adds 336,600 jobs in February * Price of U.S. oil settles 3.1% higher * Canadian 10-year yield touches a 3-year high at 2.006% The Canadian dollar strengthened against its broadly stronger U.S....
Gold-backed cryptos are shining in 2022, market cap hits $1B for the first time
The market capitalization of gold-backed crypto tokens increased by 60% in 2022 to surpass $1 billion for the first time in history, according to Arcane Research in its latest weekly report. Gold shines, Bitcoin disappoints In 2022, investors have been rushing to the...
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