AUD/USD ratio has a majority of long positions

AUD/USD ratio has a majority of long positions, indicative of trader bias towards AUD/USD reversing directions and resuming its rally against the greenback.
The Australian dollar has edged lower on Tuesday, as AUD/USD trades in the mid-0.87 line in the European session. The currency started off the week in fine fashion, gaining almost 100 points on Monday. In economic news, Australian NAB Business Confidence dropped to 5 points in September. Later in the day, we’ll get a look at Westpac Consumer Sentiment. In the US, there was just one release, as NFIB Small Business Index missed the estimate.
Australian NAB Business Confidence continues to slip, falling to 5 points in September release.  This was the key indicator’s weakest showing since March. Weak business confidence could translate into decreased spending and hiring by the private sector, which would be very bad news for the economy and could hurt the Australian dollar.
•AUD/USD posted gains in the Asian session, breaking above resistance at 0.8763. The pair then retracted, and has remained steady in the European and North American sessions.
•On the upside, 0.8763 was breached earlier but recovered. It remains a weak line. There is stronger resistance at 0.8220.
•0.8668 is providing support.
•Current range: 0.8668 to 0.8763

Gold for December

Bullion erased this year’s gains earlier this month as signs of an improving U.S. economy added to the case for higher borrowing costs. Rising interest rates reduce gold’s allure because the metal generally only offers investors returns through price gains, while a stronger dollar typically cuts demand for a store of value.
“With uncertainty about the timing of the Fed’s rate hike now starting to show, we feel that equities and the dollar would continue on the defensive, which would then underpin gold,” Abhishek Chinchalkar, an analyst at Mumbai-based AnandRathi Commodities Ltd., said in a report today. “Gains could be capped around $1,250 an ounce if crude continues under pressure.”
Gold for December delivery added 0.5 percent to $1,236.10 an ounce by 7:36 a.m. on the Comex in New York. It reached $1,238 yesterday, the highest since Sept. 17. Gold for immediate delivery was little changed at $1,235.81

USD/CHF Daily

 USD/CHF  Daily
13::55 GMT -Mkt. has dropped back a bit further last several hours.    overnight. We still think it needs to hold 0.9500 or better or last   week's low at 0.9467 is likely to come under pressure. If the latter fails, next sup. is at 0.9449/56. Res. is at today's    high at 0.9574. N.I.
R5: 0.9675  intraday level
R4: 0.9635  intraday level
R3: 0.9624 * Tues high
R2: 0.9592/00  Wed/Fri high
R1: 0.9574  today high
S1: 0.9500~  intraday level
S2: 0.9467  Thurs low
S3: 0.9449/56 * 25/6 Sep lows
S4: 0.9420  break area
S5: 0.9400  intraday level

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Canadian dollar is slightly higher Friday

Canadian dollar is slightly higher Friday after rallying sharply in response to unexpectedly robust jobs data for September.
The rally took the Canadian currency off its session low, but a subsequent retracement of some of its gains left it only slightly higher than Thursday's close.
The U.S. dollar was last at C$1.1184, from C$1.1185 at Thursday's close, according to data provider CQG.
The U.S. unit had climbed to C$1.1208 just before the data's release and tumbled to a session low at C$1.1159 afterwards before recovering somewhat.
Statistics Canada reported the economy created 74,100 net new jobs--the most since May 2013--and the jobless rate fell by 0.2 percentage points to 6.8%.
The gains were predominantly in full-time work, where 69,300 positions were filled, the most since March 2012. The number of part-time jobs rose 4,800.
Market expectations had been for a 20,000 job gain, and a steady jobless rate of 7.0%, according to a report from Royal Bank of Canada.
The private sector added 123,600 jobs in September, wiping out a record decline in the prior month, StatsCan reported.
While the data were strong enough to provoke an immediate strengthening in the Canadian dollar, the volatility in Canada's labor force has resulted in caution among economists, who warn against attaching too much significance to monthly fluctuations in the report.

USD/CHF Daily

USD/CHF  Daily
13::45 GMT -Recovery is underway after the mkt. bottomed out near  0.9470. Close res. is now at the day high at 0.9532 closely followed  by 0.9550/55. Below 0.9470 next target sup. is at 0.9449/56.N.I.
R5: 0.9635  intraday level
R4: 0.9624 * Tues high
R3: 0.9600  Wed high
R2: 0.9550/55  recent lows
R1: 0.9532  today high
S1: 0.9470  today low
S2: 0.9449/56 * 25/6 Sep lows
S3: 0.9420  break area
S4: 0.9400  intraday level

Britain’s economy slowed in the third quarter

Britain’s economy slowed in the third quarter of this year, according to a survey by the British Chambers of Commerce (BCC), which could raise concerns for the U.K.’s future economic growth rate.
The business lobby group’s Quarterly Economic Survey, contributed to by nearly 8,000 businesses, showed that manufacturing and export balances had fallen in the third quarter.
“The strong upsurge in U.K. manufacturing at the start of the year appears to have run its course.” John Longworth, Director General of the BCC said in a statement. “We may be hearing the first alarm bell for the U.K. economy, but this not need be the case.”