Because we’re entering what is historically one of the quietest periods for markets, we’ll be taking the opportunity to take a longer-term view of many major FX pairs and markets over the next two weeks, starting with AUD/USD today.
In the past, the financial markets would have marched more or less to the same drumbeat as copper. We show you on a chart that this no longer holds true. Instead of crashing with copper, the financial markets soared to new highs.
Shares in mining and trading company Glencore fell almost 30% and closed at a record low on Monday over concerns it is not doing enough to cut its debt to withstand a prolonged fall in global metals prices.