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The Aussie dollar iscurrently trading at 0.7224 having hit a high of 0.7238 earlier today.Notably the pair is having a tough time scaling the 100hour SMA lined up at0.7232. The ABS data released 30 minutes before press time showed thewageprice inflation ticked higher to 0.6 percent quarteronquarter in theSeptember quarter from the previous quarters print of 0.5 percent. Meanwhilethe annualized figure rose to 2.3 percent in line with the expectations. Theuptick in the wage price inflation however has gone unnoticed. That makes thepair more vulnerable to risk aversion in the Asian stocks. As of writingstocks in Australia [read more]

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After closing the previousday with modest losses the USDJPY gained traction on Tuesday and rose to adaily high of 114.15 before losing its bullish momentum. As investors aregetting ready for Wall Streets opening bell the pair is trading at 113.95adding 0.1% on a daily basis. The cautious optimism surrounding Brexitnegotiations helped major European equity indexes recover yesterdays losses onTuesday and didnt allow safehavens to gather strength. As markets are pricingthe expectation of Brexit backstop text getting finalised today the Euro Stoxx50 and the German DAX indexes are both up 0.6% on the day. Additionally therising demand for [read more]

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