Open: London Session | Forex, Metals, Oil, Agriculture November 11, 2022

TRADING-THE-LONDON-FOREX-OPEN

Currencies

It s a strong comeback for the euro on a technical basis as it looks poised to close Friday above its 21-weekly moving average that currently stands around 1.0050. It s been a wild week for FTX as Bankman-Fried struggled to patch a multibillion-dollar shortfall that triggered government probes and set off panic across crypto markets.

United States

Rich countries and the US have so far failed to fulfill their promise of $100 billion annually in climate finance, which was supposed to start flowing in 2020. Slower pace of Fed rate hikes on the horizon, Sam Bankman-Fried s empire is teetering and Twitter is facing a bankruptcy risk. But the US is by far the biggest laggard, having put forward about $1.7 billion in 2020.

Europe

The EU releases its autumn economic forecast. Several ECB officials speak at events.

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