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ForexLive Americas FX news wrap: Oil makes a mess

Discussion in 'Market News' started by ForexLive, Jan 28, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Forex news for US trading on January 28, 2016: News: The OPEC saga: Markets: - Gold down $10.45 to $1114 - WTI Crude up $1.47 to $33.77 - US 10-year yields down 2 bps to 1.98% I don't know where to start with the OPEC drama. Russia started talking about a meeting that hadn't been agreed to and some fantasies about every OPEC and non-OPEC oil producer cutting production by 5% and the market ate it up. Crude rocketed to $34.82 as the squeeze continued and USD/CAD dropped 150 pips from the US open to 1.3948.

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