UBS Projects Mixed Market Outlook for 2025 Amid Trump Policy Uncertainty 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Stock Futures Dip as Investors Await Key Payrolls Data 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
China's Refining Industry Faces Major Shakeup Amid Challenges 
FxWirePro- Woodies Pivot(Major) 
UBS Predicts Potential Fed Rate Cut Amid Strong US Economic Data 
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes 
FxWirePro-Major European Indices 
AUD/CAD chart on Trading View used for analysis
- AUD/CAD has failed to break above 200-W SMA on track to close in the red for the week.
- The pair has been on an uptrend since October and failure to hold above 200-DMA could see more weakness.
- Aussie weakens across the board after unexpected miss in Australia's Trade Balance.
- Australia’s trade surplus narrowed to A$2.3 billion in October from A$2.9 billion the previous month.
- Exports remained static but imports surged, rose 3% following -1% in September while exports were steady at +1%.
- Traders largely ignored positive retail sales which were up 0.3% m/m in Oct versus a +0.2% forecast and accelerating from the +0.1% in Sept.
- Bullish momentum in the pair is intact, breakout at 200-W SMA could propel the pair higher. Next bull target above 200W SMA lies at 61.8% Fib at 0.9808.
- On the flipside, retrace below 200-DMA at 0.9641 could see weakness till 0.9523 (Nov 18 low)
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
