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More Hawkish Rhetoric From RBA Boosts Australian Dollar GBP has continued to outperform this morning (GBPUSD 1.6355, EURGBP 0.9125) on a combination of chatter regarding M&A activity and rumours that the BoE will not be increasing QE in November. GBP-crosses have looked oversold for some time now, and this correction has brought us within reach [...]

Morning, GBP and AUD seem to be the liveliest of the major currencies. Article out quoting RBA governor Glenn Stevens as saying the economy’s strength could drive the Australian dollar “way up”. Equities had Shanghai -0.5% and Sydney -0.35% with Nikkei more or less flat. GBP/USD range 1.6261-1.6401. Had an impressive rally in London hours [...]

PRECIOUS – Gold falls as dollar firms, ignores oil rally * Dollar halts recent losses, pressures gold * Bullion down despite oil rally; gold/oil ratio below 14 * Gold buying picks up in India for Dhanteras festival NEW YORK/LONDON, Oct 15 (Reuters) – Gold dropped 1 percent on Thursday as the dollar stemmed recent losses [...]

COMMODITIES – Oil jumps, leads broad rally; some question demand * Oil crosses $77/bbl for highest settlement in a year * RJ-CRB extends 11-mth highs as copper, crops join rally * Price-demand mismatch worries some investors NEW YORK, Oct 15 (Reuters) – Oil prices jumped more than 3 percent on Thursday while some metals and [...]

US Session: Sterling Shines Amongst Majors As Gold Fails To Dazzle After the big moves overnight which saw the USD pushed to its lowest levels in 14 months; it has been a very choppy day’s trading for the majors. The biggest gains today have been GBP and GBP-crosses which have been threatening key technical levels [...]