ForexLive Americas FX news wrap: Oil makes a big comeback

News

Forex news for North American trading on Nov 2, 2020:

Markets:

  • Gold up $16 to $1895
  • WTI crude oil up $1.27 to $37.06
  • US 10-year yields down 2.2 bps to 0.85%
  • S&P 500 up 40 points to 3310
  • CAD leads, GBP lags

The calm before the US election wasn’t so calm as oil bounced 10% intraday on a report about Russia talking with domestic producers about continuing cuts into January.

More to come

Articles You May Like

Gold ends 2024 with 26% returns. What’s ahead for yellow metal in 2025?
At the close: Nasdaq leads US stocks lower
Germany December final manufacturing PMI 42.5 vs 42.5 prelim
The USDJPY is testing the high from last week
Dow Jones Industrial Average sheds weight on risk-off Friday

Leave a Reply

Your email address will not be published. Required fields are marked *