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Daily Articles About Metals

EUR/USD drops under 1.20

The US dollar pushes higher on Thursday after a bigger than expected fall in US jobless claims. That sent gold tumbling 2% while EUR/USD fell below 1.20. The BOE made negative rates an official policy tool. Today is non-farm payrolls day.

Oil rips to 13-month high

The price oil continued its extended uptrend, helped by a deep freeze in Texas that shut refineries and tensions in the Middle East. Global stocks traded higher, tracking the record close on Wall Street from Friday, rising for a dizzy 11 straight days.

Gold drops 2% after IMF asset price warning

The US dollar gained ground while stock markets dipped as some of Monday’s optimism came out of the market. The IMF warned financial markets could see a ‘sharp adjustment” while Johnson & Johnson paused its vaccine trial.

Trump walks away from stimulus talks

Any hope of more stimulus before the US election has been dashed by US President Trump ahead of the first Vice Presidential TV debate.

Swiss franc extends drop

The Swiss franc extended its weekly decline. EUR/CHF came close to its highest since October 2019. Meanwhile the Dow Jones hits a record high above 32,000. Bond yields jumped to a an annual high but fell back after comments from Fed Chair Jay Powell.

USD/TRY slides after giant rate hike

The lira was the big FX mover after the Turkish central bank raised interest rates to a massive 15%. News that the Oxford vaccine is safe and effective alongside the resumption of stimulus talks lifted stocks on Wall Street.


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