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European Session: Sterling Struggles On Risk Of Fitch Downgrade
Most major and EM currencies remain at elevated levels vs. the USD as Asian equity markets continue to make gains and highlight that risk appetite is alive and well. EURUSD remains well supported above 1.4940-50, but is still yet to make its next move to resistance at [...]

Oil was rallying on the threat of Hurricane Ida hitting oil production, but as it has weakened to a tropical storm, prices have retreated. It should also be noted that the US Dollar has weakened, highlighted by the greenback US Dollar Index falling to 15 month lows against a basket of currencies.
Goldman Sachs analysts said [...]

Gold closed above the $1,100 level an ounce for the first time. With the US Dollar Index highlighting greenback weakness, investors continue to push the price higher. The announcement last week that US Interest rates are to remain low for an “extended period” has helped keep the price buoyant.
Gold has risen over 25% in the [...]

Sterling was under pressure following a comment by Fitch’s head of global sovereign ratings, David Riley, said that the UK ran the highest risk of all the major economies of losing its AAA status.
GBP/USD range 1.6600-1.6789. Trading relatively quiet until Fitch news broke. Went from 1.6745/50 to 1.6650 very quickly. EUR/GBP jumped to 0.9010 from [...]

PRECIOUS – Gold Hits Record Above $1,110/oz As Dollar Slides
* Dollar wilts on expectations U.S. rates will remain low
* Gold mining shares soar 5 pct, hit 15-month high
* Chinese passenger car sales surge in October, PGMs up
NEW YORK/LONDON, Nov 9 (Reuters) – Gold hit a record high above $1,110 an ounce on Monday as [...]

COMMODITIES – Gold Hits Record As Falling Dollar Fuels Rally
* Gold hits record 4th time in five trading sessions
* Dollar’s fall below $1.50 to euro fuels commods rally
* RJ/CRB index up about 2 pct, recovering Friday’s loss
NEW YORK, Nov 9 (Reuters) – Gold stayed on a record-setting course, rising above $1,100 an ounce on [...]

US Session: Risk Appetite Sends Equities, EURUSD And Gold Higher
With no significant data events to excite FX markets, today’s moves have been largely driven by improving risk sentiment since the G20 meeting. Global equity indices are up 1-2% across the board, gold remains supported above $1105 (having touched a new high of $1111.19), whilst most [...]