Weekly Market Recap – February 12, 2021

In the Markets

Thursday’s jobless claims report came in at 793,000, compared with the previous week’s revised figure of 812,000; the average expectation by Wall Street analysts was 760,000. The Consumer Price Index for January was up 0.3% vs. 0.2% for December. Wholesale inventories for December rose 0.3%; the November number had been 0.0%. Business formations rose 43% in January, in contrast to December’s 12% decline. 150 million people in the U.S. are preparing for an onslaught of winter storm activity that is expected to bring the coldest temperatures in a decade to some regions. A new study suggests that the UK variant of COVID-19 may be up to 70% deadlier than other variants.

Once again, the stock market indices rose to new record highs. The largest percentage movement was in the Russell 2000, as it was the previous week. It ended at 183.55 (+2.5%). The NASDAQ Composite went out at 14,095.47 (+1.7%), and the S&P 500 added 1.2%, ending at 3,943.83 on Friday. The Dow Jones Industrial Average closed at 31,458.40 after its 1.0% rise. CBOE’s VIX settled at 19.97 (-4.3%), its first dip below 20.00 in fifty-one weeks. It closed at 17.08 on 2/21/2020. The U.S. Dollar Index eased a bit (-0.6%) with 90.44 its final Friday valuation. Most commodity prices remained strong, as per the S&P GSCI, adding 3.0% to end the week at 463.95, its highest level since October 2018.

As for the metals, the futures we follow in this recap were all gainers: gold ended at $1,823.20 (+0.6%), silver settled at $27.328 (+1.1%), platinum shot up 11.1%, hitting $1,259.00 per ounce, after reaching a six-year high a few days earlier. Palladium rose 2.4% to close at $2,382.60, its highest level in two months. Base metal price increases were 4.5% for copper ($3.7880 per pound) and 4.7% for aluminum ($2,089.50 per metric ton.)

Lower oil production news propelled the crude benchmarks to advance sharply. WTI futures at NYMEX rallied to $59.47 (+4.6%) and ICE Brent leaped to $62.43 (+5.2%). NYMEX refined products followed, with heating oil rising 3.4%, closing the week at $1.7714, and RBOB gasoline adding 2.6% to $1.6925 per gallon. Natural gas saw only a slight increase (0.5%), closing out the week at $2.876 per mmBtu.

In the agricultural futures, our usual nine products were mixed in their directional movement: five of them firmed, while four declined. Soybeans closed at $13.72 (+0.4%). Corn and wheat slipped: with the former losing 1.8% ($5.38¾), and the latter decreasing 0.7% ($6.36¾ per bushel). The other Ags on the minus side were sugar and cocoa. May sugar futures went out at 15.64¢ (-0.4%) and May cocoa settled at $2,433/ton (-1.6%). The other gainers closed the week as follows: cotton at 87.27¢ (+5.5%), cattle at 125.175 (+1.1%) and hogs at 85.200 (+6.1%).


World Cup Trading Championships®

In the 2021 World Cup Trading Championships® Futures division, Adrian Koemel finished the week in 1st with a 52.3% net return. Jurg Diemand took 2nd with a net return of 39.5%. Andre Betz finished 3rd with a net return of 34.7%. Marek Chrastina and Chun Chi Timothy Ma rounded out the top 5 with net returns of 33% and 32.7% respectively.

In the 2021 World Cup Trading Championships® Forex division, Robert Miner finished the week in 1st with a 58% net return. Sergey Shirko took 2nd with a 39.9% net return, followed by Erik Gandino taking 3rd with a net return of 35.4%.  Michele Di Gregorio and Lorenzo Misino rounded out the top 5 with net returns of 30.3% and 23% respectively.

In the futures division of the 2020-2021 Global Cup Trading Championship, Stefan Seibert finished the week in 1st with a net return of 177.6%. Jan Smolen finished the week in 2nd with a 169.4% net return. 3rd place is currently held by M. Vontobel of Tirutrade AG with a net return of 79.7%. Adrian Koemel and Andrei Balanescu finished the week in 4th and 5th with 73% and 69.1% net returns respectively.

 

Trading futures and forex involves significant risk of loss and is not suitable for everyone. Past performance is not necessarily indicative of future results. World Cup Championship (WCC ) accounts do not necessarily represent all the trading accounts controlled by a given competitor. WCC competitors may control accounts that produce results substantially different than the results achieved in their WCC accounts. WCC entrants may trade more than one account in the competition. CME Group is the trademark of CME Group, Inc. The Globe logo is a trademark of Chicago Mercantile Exchange, Inc.

Scroll to Top

Privacy Policy

WorldCupChampionships.com (WCC) is committed to protecting your privacy. The information we collect from you comes primarily from requests for more information and includes contact information. It is necessary for us to obtain this information in order to fulfill requests for more information and to provide you with email notification services.  Although we provide secure areas on our site for you to enter your information, you may provide required information over the telephone or via email if you prefer. We maintain physical, electronic, and procedural safeguards to maintain the confidentiality of your information, and use reasonable security methods to protect the data that resides on our servers.

 

Access to information about you is provided only to entities affiliated with WorldCupChampionships.com and to those employees and authorized agents who need to know that information in order to provide requested products and services to you. We will not disclose your personal information to any other source, except when authorized by you or when we believe in good faith that we are required to do so by law or in order to protect our rights or property.

 

We may also disclose your personal information to third parties in the normal course of business, including but not limited to: (i) payment networks, and the members of such networks; (ii) electronic funds transfer networks; (iii) clearing and settlement banks; (iv) service companies that perform business operations for WCC, including but not limited to account statement preparation and mailing services; (v) courts, independent auditors, law enforcement agencies and other governmental authorities, regulatory bodies or agencies in response to subpoenas, to prevent fraud, during the course of an audit or examination or as required by law; and (vi) collection agencies, credit reporting agencies, business credit bureaus or other parties associated in collecting any debt owed to us.

 

Service companies also are prohibited from using personal information for any reason other than to provide the specific products or services intended. WCC reserves the right to transfer personal information in connection with the sale of all or part of its business or assets.

 

We use cookies (small data files containing information) to improve the functionality of our web site and enhance the member experience. The usage information we compile assists us in maintaining and improving our site.

 

WCC limits the collection of data to that which is necessary, and will only use personal data for the legitimate purpose for which the personal data is collected. Upon request, WCC will delete or transfer any personal data with consideration to regulatory restrictions and/or requirements imposed by the NFA (National Futures Association), CFTC (Commodity Futures Trading Commission), FINRA (Financial Industry Regulatory Authority) or other governing bodies and regulatory agencies.

 

All data processing is for a legitimate purpose. For regulatory purposes, WCC retains certain information pertaining to persons who access our system. WCC collects information in order to provide requested information about our services, which primarily includes only name, email address and telephone number. In certain cases we may collect other data used to send customized offers based on information you provide regarding your interests.

 

Periodically, we may invite you to participate in various promotions and offers offered by WorldCupChampionships.com or other sponsoring organizations. Your participation may require us to gather and share your personal information or may require you to provide personal information to the promotion sponsor. Participation in such programs will always be your choice.

 

We are not responsible for the privacy policies or the content of sites we link to and have no control over the use or protection of information provided by you or collected by those sites. Whenever you elect to link to another web site, you may be asked to provide registration or other personal information. Remember, the information you are providing is going to a third party, and you should familiarize yourself with the privacy policy provided by that third party.

 

DATA RETENTION

Information collected may be retained for a period of five (5) years or more, depending on whether the information is transactional, marketing related or falls under requirements set forth by regulatory or government bodies including, but not limited to, the NFA, CFTC, or FINRA.

 

ACCESS TO DATA

Designated personnel have access to personal data stored by WCC. Additionally relevant client designated administrators may be granted access to personal data pertaining to the client’s employees. In some cases third-party vendors of WCC  (such as IT consultants) may need to access this data, however in all cases they will be required to comply with internal WCC Information Security Policies and Procedures.  You have the right to receive from WCC confirmation on whether your personal data has been processed or whether WCC holds your personal data.  Upon request, WCC will provide you with the personal data that WCC has regarding you.

 

RIGHTS AND MODIFICATIONS

WCC respects your rights as a data subject.

 

Transparency, information, and answers to requests: WCC adheres to the principle of transparency in processing.  For any questions regarding this policy, you may contact us at  info@worldcupchampionships.com. We will respond without undue delay and in any case within one week upon receipt of the request.

 

Access: You have the right to receive from WCC confirmation on whether your personal data has been processed or whether WCC holds your personal data.  Upon request, WCC will provide you with the personal data that WCC has regarding you.

 

Rectification: You have the right to require the rectification of inaccurate data relating to you without undue delay, as well as incomplete data if necessary for processing.

 

Erasure: You have the right to ask for the erasure of personal data concerning you without undue delay.  WCC will not proceed with the erasure of personal data if the data must be maintained for a legal obligation or in cases where the processing is required for the establishment, exercise or defense of legal claims.

 

Restriction of Processing: You have the right to request a restriction of processing if the accuracy of personal data is disputed, for that period of time that allows WCC to verify the accuracy of personal data or based on any other legitimate reason specified in applicable Data Protection Laws.

 

Data Portability: If technically feasible, you have the right to receive your personal data in a structured, commonly used and machine-readable fashion as well as the right to request the direct transmission of personal data by WCC to another party.

 

Right to Object: If you receive promotional emails, you can remove yourself from the recipient’s list by selecting the “unsubscribe” link within the email content.

 

Complaint to Supervisory Authority: You have the right to lodge a complaint with a supervisory authority, in particular in the country of your habitual residence, place of work or place of the alleged infringement if you consider that the processing of your personal data infringes Data Privacy Laws.

We may amend this privacy statement at any time, and will post the amended version on our website www.worldcupchampionships.com.

 

YOUR CONSENT

Your choice to use our website, enter our trading competitions, and/or to allow the downloading of cookies via your browser constitutes consent to this policy and consent to the use of your information as described.

 

GDPR COMPLIANCE

Our GDPR Compliance Statement is incorporated into this Privacy Policy.

Besides strengthening and standardizing user data privacy across the EU nations, GDPR imposes new or additional obligations on all organizations that handle EU citizens’ personal data, regardless of where the organizations themselves are located.

 

You have complete control over the emails you receive from us. WCC provides various notifications via email, including service-related communications, account-related notifications, informational messages, and other updates through a third-party provider. Subscribers may discontinue email communications by responding with “unsubscribe” in the subject line or clicking on the unsubscribe link in email communications.

 

It is your responsibility to maintain the accuracy and completeness of your account information.  You may also contact us at info@WorldCupChampionships.com or call us at 877-456-7111 to inquire about or update your account information.