found solid support at 0.9020 on three occasions but rallies were subdued as the market is nervous to buy too aggressively in the current market. October Trade Balance -2379mn vs. -1700mn forecast. Overall the AUD/USD traded with a low of 0.9021 and a high of 0.9116 before closing the US session at 0.9090.Looking ahead, Australian Unemployment Rate forecast at 5.9% vs. 5.8% previously and Employment change is expected at 5k vs. 25k previously.
Oil & Gold (XAU) rallied in Asia but was sold off again with Oil in the US session before finishing broadly where it began. Overall trading with a low of USD$1115 and high of USD$1147 before ending the New York session at USD$1132 an ounce. Strong Crude numbers were ignored as Crude printed fresh multi month lows below $71 a barrel. Crude Oil was down -$1.95 ending the New York session at $70.67
Oil & Gold (XAU) rallied in Asia but was sold off again with Oil in the US session before finishing broadly where it began. Overall trading with a low of USD$1115 and high of USD$1147 before ending the New York session at USD$1132 an ounce. Strong Crude numbers were ignored as Crude printed fresh multi month lows below $71 a barrel. Crude Oil was down -$1.95 ending the New York session at $70.67
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