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European Session: Waiting on NFP
The USD weakened versus most of the majors with the exception of the JPY as US equities closed up nearly 2% and Asia markets are also much higher across the board. Positive economic data and optimistic central bank commentary helped spur risk-seeking as EURUSD traded 1.4812-1.4919 and USDJPY 90.88-89.99. Oil is [...]

With US payrolls released later on in the trading session, the Asian markets were relatively quiet overnight. Non-farms, plus the G20 this weekend, meant Asian traders stayed on the sidelines. RBA increasing their growth forecasts from 0.5% to 1.75% and saying rates will rise steadily. Equities also higher with Nikkei +0.8%, Shanghai +0.6% and Sydney [...]

COMMODITIES – Gold Edges Up, Harvest Tumbles Grains
* US gold builds on gains amid economic hopes
* Oil hovers around $80
* Harvest push tumbles corn, soybeans
CHICAGO, Nov 5 (Reuters) – Gold futures rose on Thursday as investors digested U.S. data showing economic improvement after a cripplying recession, while the best week of grain harvest in [...]

PRECIOUS – Gold Falls On Investor Disappointment, Eyes $1,100
* Analysts expect correction in gold price after rally
* Gold seems to de-couple from currency market for now
* Speculation rife over further cenbank gold acquisitions
NEW YORK/LONDON, Nov 5 (Reuters) – Gold slipped on Thursday, retreating from a record high it hit last session as disappointment over [...]

US Session: BoE Expands QE, But Less Than Expected
The headline event of the day was the BoE meeting where MPC members voted to maintain interest rates at 0.5%, but more significantly, chose to increase their asset purchase target by only GBP25bn (vs. consensus estimates for 50bn). The smaller-than-expected expansion of the QE program caused a [...]