EUR/USD
1.15921
0.022%
Gold
4202.99
0.177%
Oil
58.349
-0.171%
USD/JPY
154.715
-0.003%
GBP/USD
1.31303
0.000%
GBP/JPY
203.149
0.039%
Real-time News
November 13th - According to sources, the European Union is preparing to submit a plan to the United States to implement the next phase of the trade agreement reached between the two sides this summer. This move is reportedly a response to a proposal submitted by the US to the EU earlier this year. The US requested the EU to provide a legally binding plan to amend regulations that the US considers to harm the interests of US companies. Sources revealed that this "implementation action plan," which has not yet been submitted to the US, will focus on five key areas, including tariffs and market access. The plan proposes to establish a dialogue mechanism to address issues such as standards, digital trade, and technical barriers, and to explore cooperation in the steel and aluminum sectors. Currently, EU steel and aluminum products and many derivatives still face a 50% US import tariff. In addition, the plan will propose the establishment of an economic security working group, focusing on investment reviews, export controls, government procurement, and the supply of key raw materials, and will also cover and monitor the strategic procurement and investment projects committed by the EU in the agreement.According to sources familiar with the matter, the EU is preparing to present a plan to the US to implement the next phase of the trade agreement reached between the two countries this summer. The EU trade commissioner will meet with the US trade commissioner later this month.November 13th - Switzerlands chief trade negotiator is traveling to Washington to finalize a trade agreement with the United States, aiming to reduce the current 39% tariffs on Swiss goods. A spokesperson for the Swiss Ministry of Economic Affairs stated that Economy Minister Guy Parmelin and State Secretary Helene Budliger Artieda will travel to Washington for further consultations. The White House has not yet commented. Sources indicated earlier this week that Switzerland hopes to finalize an agreement to reduce US tariffs on its exports to 15%. Earlier this week, Trump confirmed that his administration is "working to reach an agreement to slightly reduce tariffs." When asked if the target was 15%, Trump responded, "I havent said a specific number, but well take some steps to help Switzerland."Standard Chartered Bank: Gold prices face upside risks in the first quarter of 2026.Standard Chartered Bank: Continues to expect the average gold price in the fourth quarter to be $4,000 per ounce.
