XAUUSD: Market summary for the first half of the Asian session:
Information regarding the Biden-Xi meeting was also reported during the meeting, and an overall assessment was made that in addition to ``open'' discussions, there had been progress on many fronts. However, in a subsequent press conference, Biden reiterated that Chinese Communist Party President Xi Jinping is a dictator.
Today's key data is the Australian Employment Report, which showed a significant increase in the number of new jobs created in October by over 55,000, compared to the expected +20,000. Here are a few points: First, most of the new jobs created are part-time. Second, analysts overlooked Australia's mid-October referendum, which required a recruitment drive for polling stations. However, considering the estimates that should have been included in the forecast, the +55,000 headline was almost triple the consensus estimate. The US dollar strengthened during the session, while the Australian dollar, euro, pound, New Zealand dollar and Canadian dollar all fell.
moreover:
Japan's exports increased more slowly in October than in September.
China's new home prices fell for the fourth straight month in October
Today's key data is the Australian Employment Report, which showed a significant increase in the number of new jobs created in October by over 55,000, compared to the expected +20,000. Here are a few points: First, most of the new jobs created are part-time. Second, analysts overlooked Australia's mid-October referendum, which required a recruitment drive for polling stations. However, considering the estimates that should have been included in the forecast, the +55,000 headline was almost triple the consensus estimate. The US dollar strengthened during the session, while the Australian dollar, euro, pound, New Zealand dollar and Canadian dollar all fell.
moreover:
Japan's exports increased more slowly in October than in September.
China's new home prices fell for the fourth straight month in October
Note
💵SELL XAUUSD 1958-1960💵✔️TP1: 1954
✔️TP2:1950
❌SL: 1966
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.