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AUD/USD: to fade or not to fade?

FXStreet (Guatemala) - AUD/USD is currently bid with a high of 0.7214 and a low of 0.7101.

AUD/USD is sticking with the better bid theme and continues to be challenging the upside after the FOMC minutes where members conveyed that a December rate hike might be appropriate and left the market with an appetite for risk.The commitment of the bears at the 0.72 handle is now coming under pressure on a follow through of the bids.

The fading opportunity mentioned through the 100 DMA could be challenged still according to analysts at UOB Group with a sustained rally to the upside although fundamentals and the divergence between the Central Banks may prove otherwise as bears focus on the Sep lows circa 0.6900.

US stocks end slightly lower

Wall Street closed pretty much unchanged on Thursday, with the Dow Jones down 4 points and closing the day at 17,732.75, the Nasdaq down 1 point, and the S&P 2 points in the red. The indexes erased their early rallies, as declines in healthcare and energy-related shares muted gains in other sectors.
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ECB QE: Broader-than-expected rise in issue share limit - BAML

Analysts at Bank of America Merrill Lynch explained that at the ECB's meeting in September, the ECB announced it will increase the limit on how much it can buy of each bond issue, from 25% to 33%, “subject to a case-by-case verification that this would not create a situation whereby the Eurosystem would have blocking minority power, in which case the issue share limit would remain at 25%”.
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