Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
Elon Musk is remaking the world, like Henry Ford before him – but more dangerously 
Gold Surges Past $4150 on Dovish Fed Signals and Weak Jobs Data; Bullish Outlook Prevails 
State of emergency in Crimea as Ukraine focuses pressure on ‘jewel in Putin’s crown’ 
USA at 250: the Black American struggle for life, liberty and the pursuit of happiness 
Trump has made more than $1 billion from crypto in a year. How? 
Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
AI can be a personal trainer in your pocket – but is it safe? 
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.
