ForexLive Americas FX news wrap: Gold surges, oil reverses, intervention abounds

Discussion in 'Market News' started by ForexLive, Feb 11, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Forex news for US trading on Feb 11, 2016: Markets: - Gold up $50 to $1247 - WTI crude down 27-cents to $27.18 - S&P 500 down 23 points to 1829 - US 10-year yields down 3 bps to 1.63% The theme of the day was intervention as inexplicable declines in the yen and Swiss franc hit in European trading. The buying hit just below 111.00 in USD/JPY and we've been sorting through the wreckage since. The first move was up to 113.00 then it ebbed back to 111.54 before a climb to 112.32 to close.

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