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Dear traders,
Australian Trade Balance for November came in very wide of the mark at -628M v an expected 915M. The previous reading was revised down to -302M from 105M. This was the second month in a row where there was a substantial miss to the downside. AUDUSD moved lower from 0.78679 to 0.78429. Eurozone Markit Services PMI (Dec) data was out Wednesday morning, coming in at 56.6 v an expected number of 56.5, with the previous reading coming in at 56.5. Markit PMI Composite (Dec) was also due out at this time, coming in at 58.1 v an expected number of 58.0, with a prior of 58.0.
Good trading!
Australian Trade Balance for November came in very wide of the mark at -628M v an expected 915M. The previous reading was revised down to -302M from 105M. This was the second month in a row where there was a substantial miss to the downside. AUDUSD moved lower from 0.78679 to 0.78429. Eurozone Markit Services PMI (Dec) data was out Wednesday morning, coming in at 56.6 v an expected number of 56.5, with the previous reading coming in at 56.5. Markit PMI Composite (Dec) was also due out at this time, coming in at 58.1 v an expected number of 58.0, with a prior of 58.0.
Good trading!
