Special report: Tuesday Update
We're seeing a move towards risk reduction into Tuesday, perhaps fueled somewhat on this latest round of softer manufacturing PMI readings in Asia. The RBA has also come out delivering an as expected decision, with the policy outlook largely a rehash of the September communication.
Next 24 hours: Gold Shines Despite US Dollar Demand
The Dollar was trying to retain a bid tone as we headed into the European close on Tuesday. Kiwi and Euro were both down moderately, while Aussie and Sterling took the biggest hits. Interestingly, GOLD found some bids out of the blue, which could be something to watch if it is a warning sign for some instability ahead.