India’s IT Sector Faces Sharp 2025 Valuation Reset as Mid-Caps Outshine Large Players 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Airline Loyalty Programs Face New Uncertainty as Visa–Mastercard Fee Settlement Evolves 
European Luxury Market Set for a Strong Rebound in 2026, UBS Says 
Bitcoin Smashes $93K as Institutions Pile In – $100K Next? 
U.S. Black Friday Online Spending Surges to $8.6 Billion, Boosted by Mobile Shoppers 
EUR/USD Smashes 1.1660 as ADP Jobs Massacre Crushes the Dollar 
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K 
Australian Dollar has taken a back seat today, after its longest winning streak since 2009, as it advanced for past 9 days covering more than 350 pips gain against Dollar.
Today Chinese trade data which showed, China's record surplus in Renminbi came in the back of -17.7% yearly basis drop in imports in September. Trade surplus was 60.34 billion in September in US Dollar term.
Recent rise in commodity currencies came in the back of recovery in commodity prices as well as push back in rate hike expectations from FED well into next year after weaker job gains in September. However, hard commodities haven't recovered like the soft ones in this recent rise.
Australian Dollar has reached its immediate target around 0.735 against Dollar, further gains would demand larger conviction over commodity recovery as well as broad based weakness in US Dollar.
So if Aussie closes below previous day low (PDL) at 0.736, larger drawdown might be on card.
Aussie is currently trading at 0.729 against Dollar.
