Daily Morning Call
From the Floor: Metals melting down on China fears — #SaxoStrats
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The US FOMC meeting pushed the dollar higher and gold lower as the market's chances of a June rate hike soared to 94%. Commodities and metals in particular, however, are waning as fears over the outlook for Chinese demand dominate sentiment.
• FOMC leaves rates unchanged, hawkish tone boosts June hike chances to 94%
• FOMC leaves rates unchanged, hawkish tone boosts June hike chances to 94%
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• EURUSD heading lower towards 200-day MA at the 1.0833 area: Garnry
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• 'We are seeing a bit of a meltdown in the metals sector': Hansen
• Iron ore futures plummet on renewed fears concerning Chinese demand
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• Platinum discount to gold near record, silver hits four-month low