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European Session: All Eyes on the FOMC
The USD has been slowly falling in the Asian session as risk appetite increases and equities rally. EURUSD traded higher to 1.4770 from 1.4660 while USDJPY climbed to 90.90 from 90.20. Risk correlated trades generally received a boost from Berkshire Hathaway agreeing to buy railroad Burlington Northern Santa Fe [...]

It was a relatively quiet session overnight, as Tokyo returned from their holiday. The USD settled just below one month highs against a basket of currencies. Expect the markets to be treading water until the release of the FED statement later on this evening.
AUD/USD range 0.8951-0.9048. Trading at 0.9025/30 area before the release of the [...]

COMMODITIES – Gold, Commods Rally With Dollar In Rare Trend
* Gold at record high as India buys gold for reserves
* RJ/CRB up 1 pct as crude oil nears $80 per barrel
* Dollar hits 1-month highs
NEW YORK, Nov 3 (Reuters) – Gold raced to record highs on Tuesday and oil and grains prices rose too [...]

PRECIOUS – Gold Sweeps To Record High Above $1,080
* Gold rallies to record, de-couples from dollar
* IMF sells 200 tonnes of gold to India’s central bank
* Buying also speeds on producer buyback potential
NEW YORK/LONDON, Nov 3 (Reuters) – Gold swept to a record high above $1,080 an ounce on Tuesday, defying dollar strength as [...]

US Session: Dollar Makes Early Gains On Fragile Risk Sentiment But Reverses On US Data
The USD gained against most of its major counterparts in the European morning as equity markets traded heavy and a lack of significant data allowed risk sentiment to dwindle. Norwegian PMI data disappointed with a 45.8 print in Oct, much lower [...]

We saw a strong advance in gold yesterday crossing above the 9 and 14 day moving averages on the back of a weaker US dollar. After a few profit taking sessions, the yellow metal is now back above $1060.00 level and looks ready to challenge the all time high of $1070.68/oz. Silver moved up with [...]