Close: London Session | Forex, Metals, Oil, Agriculture November 07, 2022

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Agriculture

Commodity turnaround | Canada s merchandise trade surplus unexpectedly widened in September as exports of wheat and crude oil rebounded.

Currencies

The dollar pulled back, making the Swedish krona and British pound the biggest gainers among Group-of-10 currencies. On the other hand, if Democrats hold on to the Senate and the House, 39% of respondents say the dollar will extend its streak of gains.

Metals

Gold was on the backfoot along with Bitcoin.

Oil

Brent crude was steady while WTI fell slightly.

United States

Trade talks | The US and Taiwan will hold trade talks in New York this week as they deepen ties despite opposition from China. The company is seeking authorization in about a dozen other countries, including the US.Proving the benefits of dengue vaccines has been complicated. Now that the Fed is building up billions of dollars of losses, expect fresh scrutiny if they win a majority in either or both chambers. Futures rise US equity futures climbed across the board, with S&P 500 and Nasdaq 100 contracts both rising around 0.3% as of 5:39 a.m. in New York.
Fed watchers are also trying to guess where rate hikes stop. Meta, Facebook s parent company, plans to lay off thousands of workers potentially as early as Wednesday, the Wall Street Journal reported.

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