It's usually the quiet days when the best trades over the past month are unwound and that was the case Tuesday as the Australian dollar led and the US dollar lagged. Other themes like weakness in bonds and gold along with stock market strength also posted corrections. Up later, we get second-tier data from Japan and US Congress is expected to announce a budget deal. 2 Aussie trades were issued in today's Premium Insights ahead of tomorrow's Nov jobs report from Australia. 1 of 2 from yesterday's EURUSD longs has been triggered and is in progress.
Fundamentals continue to play a secondary role in markets and curious moves are the norm. Take gold on Tuesday, it shot more than $10 higher in moments and took out the range over the past two weeks to a high of $1268.