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  • Editor’s Picks / 2 hours ago

    Glencore slashes zinc output by one-third

    Commodities giant Glencore said it will cut 500,000 tonnes of global zinc production, around one third of its annual zinc output, due to low prices. In a statement it said it remains positive about the medium and long-term outlook for zinc, lead and silver, but is taking a proactive approach to manage production in response to current prices. Glencore said operations at Lady Loretta in Australia and Iscaycruz in Peru would be suspended, while George Fisher and McArthur River in Australia and various mines in Kazakhstan will cut production levels.
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  • Article / 2 hours ago

    Today's Trade: Buyers back on Fed inflation concerns

    Trading Desk / Saxo Capital Markets
    Today's Trade: Buyers back on Fed inflation concerns
    Local shares were trading higher at the open, led by Wall Street along with a rise in oil and iron-ore prices. Overnight the Dow Jones added 138 points to 17,050. At one point WTI was up 4.7% before closing up 3.4%, while iron ore was up 5.3%. AUDUSD reached three-week highs of 0.7259 early on and the upside momentum is expected to continue in the near term unless there is some pull-back in iron ore or copper prices.
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  • Article / Yesterday at 22:14 GMT

    US Market Wrap: Few clues found in FOMC minutes

    FX Consultant / IFXA Ltd
    US Market Wrap: Few clues found in FOMC minutes
    FX markets were lively but ended the day still looking for direction as the FOMC minutes proved inconclusive. Meanwhile, the Bank of England delivered as expected, which meant the GBPUSD did nothing, while EURUSD headed higher into the FOMC minutes before retracing to the pre-release levels.
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  • 5h
    Stephen Pope Stephen Pope
    Hello John,
    FOMC minutes Sep 16th -17th indicated a cautious stance even ahead of the September employment data.

    Yellen & co thought the economy...
    Stephen Pope Stephen Pope
    John...lets continue as the first reply ran out of characters.

    The level of the USD on the world stage is driven by expectations; when the US has a...
    Stephen Pope Stephen Pope
    Hello Hani,
    I had considered mentioning Russia in Syria in the title of this note...but felt it best not to.

    Of course Russia's military involvement in Syria has...
  • Calendar event / Yesterday at 12:30 GMT

    US U.S. Weekly Export Sales

    Low Corn (Metric Tons)
    Low Soybeans (Metric Tons)
    Low Wheat (Metric Tons)
  • Article / Yesterday at 8:30 GMT

    From the Floor: Hobbled, hurting and waiting for a cue

    Deputy Editor /
    From the Floor: Hobbled, hurting and waiting for a cue
    The Shanghai Composite zipped higher after China returned to work from the Golden Week holiday but this was merely a game of catch-up and trading elsewhere is depressed with the major FX pairs trapped in tight ranges, emerging market currencies weaker and oil hobbled by unexpectedly high inventories and US production.
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