Since day one of the shutdown last Wednesday, U.S. governmental agencies have been announcing one after another that they are suspending their reports on their websites, Société Générale’s FX analysts note. Source: fxstreet.com (Read Full Article)

Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, and Oman confirmed on Sunday (in a 9-minute meeting with no objections) their intention to collectively increase production by 137kbd in November, Société Générale’s FX analysts note. Source: fxstreet.com (Read Full Article)

Gold price (XAU/USD) posts a fresh all-time high around $3,950 during the European trading session on Monday. The yellow metal strengthens as traders become increasingly confident that the Federal Reserve (Fed) will cut interest rates by 50 basis points (bps) in the remainder of the year. Source: fxstreet.com (Read Full Article)

Time left Impact Previous Consensus Actual 12h 54min 5.9% Source: myfxbook.com (Read Full Article)

Silver (XAG/USD) appreciates for the second consecutive day on Monday, to reach fresh 4-year highs at $48.75, with downside attempts contained so far above last week’s highs at $48.30.  Source: fxstreet.com (Read Full Article)

Time left Impact Previous Consensus Actual 12h 59min $689.4B $653.0B Source: myfxbook.com (Read Full Article)

EUR/USD has returned to levels above 1.1670 ahead of the US session opening but remains way below the 1.1730 session highs reached during Monday’s Asian session. Source: fxstreet.com (Read Full Article)