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Overnight
Markets open quietly this morning but Gold and Silver push higher, and Bitcoin is trying to break the short-term downtrend.
RBA tomorrow likely will hold rates, after the monthly CPI Indicator came in at 3% YoY last week. Otherwise, although there is a lot of data this week, the narrative will be around JOLTS on Tuesday, ADP on Wednesday, Initial Jobless Claims on Thursday and Nonfarm Payroll on Friday.
However, there could be disruption:
Shutdown standoff: A possible government shutdown is days away, with President Donald Trump and GOP lawmakers locked in a funding standoff with Democrats. Here’s what to expect if Congress doesn’t strike a deal before Wednesday.China’s Markets Shed ‘Uninvestable’ Tag as Global Funds Return [Bloomberg]
Australia Set to Hold Key Rate as Scope for Further Easing Slims [Bloomberg]
Exclusive: OPEC+ plans another oil output hike in November, sources say [Reuters]
BTC on 112k surprises many this morning, but momentum was zero over the weekend. Read more
Opening positive on Monday morning: Gold, Silver and Bitcoin up. Read more
CAD looking weak but after 8 up days could be time to pause. Above 1.4000 would be a real price acceleration and below the double bottom at 1.3725 would see price down to trend support at 1.3650. Read more