United States API Weekly Crude Oil Stock increased to 7.1M from previous -3.3M

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Feb 23, 2016

GBP/CAD hovers near 8-month lows

Following a failed recovery attempt, GBP/CAD came under renewed pressure and fell back to the 1.9270 area, holding just a few pips above yesterday’s 8-month low of 1.9262.

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Feb 23, 2016

Gold gains more than 1%

Gold prices advanced more than 1% to $1,227 a troy ounce as the decline in oil prices and the resulting risk aversion in the equities triggered a flight to safety. The weakness in the treasury yields also added to the bullish tone around gold prices.

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