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Market Update – News and Market Wrap – Breakdown AUDUSD Bitcoin

jeffriess
November 11, 2019
by Joseph Jeffriess, Market Analyst

Article Recap

Friday

• Safe-Havens continued higher to risk majors
• Gold continues its drop, losing 0.63%
• U.S. shares gained – Europe finished lower
• Oil closed above $57
• Canadian employment change shocked, dropping to -1.8K
• USDCAD jumped to new 3-week highs

Key News

• Bank holidays France (today) U.S and Canada (Tomorrow)
• UK GDP 8:30 pm AEDT EXP 0.4%

Today’s Asian session has been mainly quiet on the Forex front with risk now starting to see some new falls to the USD and JPY. Shares have been mixed in local and Asian markets. The ASX200 0.63% higher while the Nikkei has slipped into the red down 17 pts. Shares in China are also in the red, the Hang Seng leading the losses down 1.67%

Today’s market update video, we go over Friday’s action in FX and shares, look at key news and its impact on USDCAD and do a breakdown of the daily AUDUSD and Bitcoin charts.

All times are AEST.