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Australia S&P Global Services PMI came in at 51.9, above expectations (51.4) in September
Australia S&P Global Services PMI came in at 51.9, above expectations (51.4) in September
Australian Dollar drifts higher above 0.6950 on soft US jobs data
The AUD/USD pair edges higher to around 0.6955 during the earlyAsian session on Monday. Weaker-than-expected US jobs data weighs on the US Dollar (USD) against the Australian Dollar (AUD). Traders await the release of the US ISM Services Purchasing Managers Index (PMI) report later on Monday.Â
Middle East War updates: Iran says Strait of Hormuz main focus of talks to end war with US
Here’s a brief recap of the key developments in the Middle East war that occurred over the weekend, which are expected to have a significant impact on markets in the upcoming week.
Silver Price Forecast: Bears crowd $60 after six-percent weekly rout
Silver price retreats on Friday, dropping about 0.76% as US Treasury yields edged higher, capping US Dollar depreciation, while investors punished the Greenback following a soft US jobs report. The XAG/USD trades at $60.50 at the time of writing.
Mexican Peso rebounds but carry trade exodus still bites
The Mexican Peso (MXN) recovers some ground versus the US Dollar (USD) on Friday, gaining 0.5%, but it remains poised to end the week with a 3% loss as investors exit the 'carry trade' amid a narrowing of the interest rate differential between the US and Mexico to its lowest level since 2015.
United States CFTC Oil NC Net Positions: 109.5K vs previous 141.1K
United States CFTC Oil NC Net Positions: 109.5K vs previous 141.1K
United States CFTC Gold NC Net Positions dipped from previous $225.9KÂ to $218.6K
United States CFTC Gold NC Net Positions dipped from previous $225.9KÂ to $218.6K
Japan CFTC JPY NC Net Positions dipped from previous ¥72K to ¥55.4K
Japan CFTC JPY NC Net Positions dipped from previous ¥72K to ¥55.4K
United States CFTC S&P 500 NC Net Positions fell from previous $-133.2K to $-142.5K
United States CFTC S&P 500 NC Net Positions fell from previous $-133.2K to $-142.5K
United Kingdom CFTC GBP NC Net Positions declined to £-91.1K from previous £-82.6K
United Kingdom CFTC GBP NC Net Positions declined to £-91.1K from previous £-82.6K
Australia CFTC AUD NC Net Positions down to $-63.2K from previous $-46.8K
Australia CFTC AUD NC Net Positions down to $-63.2K from previous $-46.8K
Eurozone CFTC EUR NC Net Positions down to €-63.3K from previous €-52.3K
Eurozone CFTC EUR NC Net Positions down to €-63.3K from previous €-52.3K
Gold fails at $4,200 despite NFP miss as US yields climb
Gold prices dropped on Friday, with the yellow metal struggling to decisively break the $4,200 milestone. The precious metal is down nearly 1% as US Treasury yields edge higher following a less-than-stellar US employment report.