News · zerohedge.com

Everyone Has Blown Up: London Macro Traders Carried Out As French Carry Trade Implodes (Again)

See the full story in the original article.

Original headline: Everyone Has Blown Up : London Macro Traders Carried - Out As French Carry Trade Implodes ( Again )

Read the original on zerohedge.com ↗

Keywords

bondsFrancecarry tradeXAUUSD

Open a keyword to see other news on the same topic.

Related tickers and likely impact

XAU/USD

▲ Likely positive

Relevance: low

MarketGold
Close on 10/21/20264,141.17
Change that session+0.39%
XAU/USD price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Mexican Peso Falls 1 . 3 % to October Low

    The Mexican peso fell about 1.3% against the US dollar on 21 October 2026 to close near 18.67 per dollar, from 18.43 the previous day, its weakest daily close of October. The daily high reached about 18.73. Gabriela Siller of Banco Base linked the move to investors unwinding carry trades as the Mexico-US interest-rate gap narrows, while Excélsior cited Middle East worries and higher oil prices. The peso has lost roughly 3% since 30 September, when it stood near 18.07. INEGI is due to publish Mexico's first-half October inflation data on 22 October.

    riotimesonline.com·exchange ratesMexican pesocarry trade
  • Gold gains as Treasury yields stabilize, Nasdaq surges despite Fed tightening concerns - Kitco PM Report

    Spot gold rose in late U.S. trading Wednesday and spot silver recovered from earlier losses, helped by a softer dollar and easing crude prices despite inflation worries and expectations of more Fed tightening. Gold traded near $4,141.01 an ounce (up 0.66%) and silver near $57.976 (up 0.34%). U.S. data stayed weak: September housing starts fell 5.2% to 1.221 million units and pending home sales dropped 7.3%. December WTI settled at $97.15 a barrel, while tensions involving Iran and the Strait of Hormuz remain unresolved. U.S. stocks all closed higher, with the Nasdaq up 1.05% on tech gains.

    kitco.com·▲ XAU/USD▲ PAXG/USDT▲ XAUT/USDT▲ QQQgoldXAUUSDFed
  • Gold bar and plain gold ring prices on Oct 20 afternoon reverse upward at SJC, DOJI, PNJ, Bảo Tín Minh Châu

    After falling about 1.6 million VND per tael over two days, domestic gold prices showed signs of recovery: SJC, PNJ, DOJI and Bảo Tín Minh Châu gold bars rose by 600,000 VND per tael to 139.6–142.6 million VND, though still 500,000 VND below early-morning levels. For 9999 gold rings, PNJ rose by 500,000 VND to 138.5–141.5 million VND, while other brands held steady. Globally, spot gold climbed to $4,180 per ounce before retreating to $4,132, according to Kitco, after falling on October 19 as the U.S. dollar strengthened and Treasury yields rose. U.S. stocks ended mixed, with the Nasdaq up 1.1% to 26,430.89 points while the Dow Jones slipped 0.1% to 51,966.03, and European markets fell sharply after protests in France and Italy, with the CAC 40 down 1.11% to 7,868.05.

    CafeF·▲ XAU/USD▲ PAXG/USDT• PNJ▲ XAUT/USDTgoldXAUUSDUS dollar
  • Gold Reverses Early Gains as U . S . 10 - Year Treasury Yield Climbs to 5 . 15 %

    Gold gave back an early Monday gain as the U.S. 10-year Treasury yield rose to 5.15%. The article cites two quotes: $4,182.30 an ounce, up 0.4% (Reuters), and $4,140, down 0.54% (FXStreet), reflecting different points in the trading day. The 10-year yield was 5.15% on Oct. 19, up 0.06 percentage point from 5.09% on Oct. 16, and FXStreet linked gold's late pressure to higher yields and a firmer dollar. Producer prices rose 1.3% in September, the largest monthly gain since March 2022, and 6.3% over 12 months. Fed minutes showed the target range was raised 0.25 percentage point to 3.75%-4%, with the next meeting on Oct. 27-28.

    econotimes.com·▼ XAU/USD▼ PAXG/USDT▼ XAUT/USDT▲ DXYgoldXAUUSDbonds
  • Gold bar and plain gold ring prices rebound on morning of 20/10 at SJC, DOJI, PNJ, Bảo Tín Minh Châu

    Domestic gold prices rebounded on the morning of 20/10 after a sharp early drop: SJC, PNJ, DOJI and Bảo Tín Minh Châu gold bars rose 600,000 VND per tael from 9am to 139.6-142.6 million VND, still 500,000 VND below the early-morning level. PNJ ring gold gained 500,000 VND to 138.5-141.5 million VND, while other brands held steady. Spot gold fell back to about US$4,132 an ounce after briefly rising to US$4,180, as a stronger dollar and higher US Treasury yields weighed. US stocks were mixed on Monday: the Nasdaq Composite rose 1.1% to 26,430.89 points and the S&P 500 gained 0.4% to 7,690.73, while the Dow slipped 0.1%. European shares fell sharply after protests in France and Italy, with the Stoxx Europe 600 down 0.80%.

    CafeF·▲ PAXG/USDT▲ XAUT/USDT▲ XAU/USDgoldXAUUSDUS dollar
  • Gold declines as bond yields stay elevated despite oil drop

    Gold slipped as bond yields stayed high even though oil prices fell from a five-month high, with thin liquidity on Monday (Oct 19) and traders weighing the Fed's rate path. Bullion fell as much as 0.7% to US$4,136.71 an ounce during US trading, and spot gold was down 0.6% at US$4,140.66 an ounce in New York. TD Securities said the metal's weakness may persist in the near term, as hedge funds and money managers cut their bullish Comex bets. Traders priced a 17% chance of a rate hike at the Fed's meeting next week, after comments from chairman Kevin Warsh were read as supporting a steady rate in October.

    businesstimes.com.sg·▼ XAU/USD▼ PAXG/USDT▼ XAUT/USDTgoldXAUUSDFed

Related markets

Gold →

Latest news

  • Did Wall Street forget about Tesla's Cybercab?

    Yahoo Finance's Brian Sozzi discusses Tesla (TSLA)'s Cybercab expansion and its relevance amid a possible merger with SpaceX (SPCX). Elon pointed to 2 million cumulative unsupervised robotaxi miles by quarter-end, Austin operating hours now run 6:00 a.m. to midnight, and more Cybercabs are expected in more cities in coming months. The Austin Cybercab fleet has grown by a factor of 10 since launch about a month ago. Tesla shares fell partly because the company cut capex by $5 billion, which Sozzi attributes to Optimus robot production bottlenecks rather than the Cybercab. He argues that with merger talks being explored, investors should start thinking of SpaceX and Tesla as one company.

    Yahoo Finance·▲ TSLATSLASpaceXmergers and acquisitions
  • Crypto for Advisors: Stablecoins are ready for prime time

    CoinDesk's Crypto for Advisors newsletter cites an EY-Parthenon 2026 Blockchain Payments Survey of 521 corporate and financial institution decision-makers. It found 18% of corporates have used stablecoins in production, double the 2025 share, while 15% report adopting tokenized deposits. Some 69% of financial institutions offer or plan to launch stablecoin services within two years, up from 30% in 2025. Cross-border business payments are the leading use case, and 45% of corporates and 53% of financial institutions favor using both stablecoins and tokenized deposits. Corporates strongly prefer blockchain payments integrated into existing banking interfaces (74%), and 63% would likely adopt them if offered by their current bank or payments provider.

    CoinDesk·stablecoinscryptobanks
  • Is USA Rare Earth Stock a Once-in-a-Generation Reshoring Opportunity?

    The article examines whether USA Rare Earth (USAR) can help the U.S. and its allies secure critical minerals, given China's dominance in rare-earth extraction and processing. China banned rare-earth exports in October 2025 in response to U.S. tariffs and chip restrictions; the ban was later temporarily lifted, though some Chinese companies have canceled U.S. exports, and China has also banned technology exports to USA Rare Earth and MP Materials. USAR shares are down roughly 15% in 2026 and about 74% from their lifetime high last October. Excluding the recently acquired Brazil-based Serra Verde, the company is essentially pre-revenue, though U.S. government supply agreements offer some pricing floor protection. With a market cap of roughly $4 billion and a target of about $1.8 billion in EBITDA for 2030, the author sees a worthwhile risk-reward profile for risk-tolerant investors, while stressing the stock is not low-risk.

    Yahoo Finance·rare earthsUSARChina
  • Nebius Declines 6% Despite Fresh Citi Financing; CoreWeave Drops 5%, Cloudflare Edges Higher

    Nebius (NBIS) fell 6% to $162.03 despite a new senior secured credit facility from Citi, which matures in just under a year and is meant to fund data center development and GPU purchases while the company seeks longer-term asset-backed financing. CoreWeave (CRWV) dropped 5% to $58.86, while Cloudflare (NET) rose 2% to $313.35, with the article framing the selling as concentrated among neoclouds that rely on debt. A Barclays strategist noted that AI-spending credit stress has stayed largely confined to neocloud companies. Nebius has $37.5 billion in remaining performance obligations, $8.13 billion in capital spending, and three customers each accounting for a double-digit share of quarterly sales. The article says the Citi line adds to leverage concerns, making the timing and terms of the next financing a key test.

    Yahoo Finance·• QQQCoreWeaveAI investmentdata centers
  • How agentic AI shopping changes consumer staples: P&G CFO

    P&G reported strong first-quarter earnings and reiterated its full-year revenue forecast. In an interview with Yahoo Finance, CFO Andre Schulten said that people using its products remains the core of the business, but the consumer's path to purchase is changing as AI agents buy on people's behalf, so P&G is proactively working out how agent-to-agent marketing works and how to distribute brand information. He said the company is also using decades of collected data and simpler algorithms to speed up molecule discovery, automate data extraction and analysis, and make forecasting more efficient. On marketing, he said algorithms weigh credibility, so P&G plans to publish and make accessible its scientific publications, independent studies and consumer reviews, an approach he believes gives big brands an advantage.

    Yahoo Finance·artificial intelligenceconsumer goodsadvertising
  • SpaceX Just Became an AI Company. The Numbers Prove It.

    SpaceX reported third-quarter revenue up 161% year over year to $14.6 billion and net income of $4.4 billion, making it profitable. Its AI segment, now called 'super intelligence (SI),' generated $7.6 billion in revenue, up 830% year over year and 195% sequentially, making it just over half of sales and the largest revenue source. Connectivity remains the most profitable segment with $2.4 billion in operating income, versus $431 million for SI, which lost $1.26 billion last quarter. SI accounted for $16.4 billion of the company's $19.6 billion in Q3 capital expenditures, but the results should ease concerns that it is a money pit, as cloud agreements with Alphabet and Anthropic and $608 million of Cursor revenue since its August acquisition show the investments are paying off. The author notes the stock remains richly valued.

    Yahoo Finance·SpaceXartificial intelligenceearnings

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.