A combination of ECB minutes showing some members looking for more stimulus and Basel Committee publishing final risk rules which will mean stiffer capital demands from banks has sparked weakness in EUR (sending the USD higher) and sparking and instant slam-down in gold and silver.
So this:
- *ECB ACCOUNTS SHOW SOME MEMBERS ARGUED FOR MORE STIMULUS IN DEC.
Yay - some is better than none! Vague hope.
And this:
- *BASEL COMMITTEE PUBLISHES FINAL BANK MARKET-RISK CAPITAL RULES
Not good news so we are sure it's implementation will be delayed.
Has sent EURUSD reeling...
Which has sparked panic selling in PMs...