Forex news for US trading on January 26, 2016:
– Gold up $11 to $1119
– WTI crude up 4% to $30.50
– S&P 500 up 26 points to 1903
– CAD leads, CHF lags
Chinese stocks fell hard but the rest of the market brushed it aside in yet-another piece of evidence that it’s not China driving the markets. Instead, sentiment improved alongside rising oil prices in a signal about what is the most-important driver at the moment.