The market situation remains mixed with uncertain movements displayed on the trading of several major currencies, especially the focus on the US dollar.
The US dollar showed a strengthening at the beginning of the New York session yesterday but reversed direction when the economic data of the United States (US) was published mixed.
The US consumer confidence survey posted a good reading, rising to 108.7 points, beating forecasts and previous readings.
However, the JOLTS data recorded a figure lower than forecast, showing the number of job offers opened in the US in September which was slightly dismal, with a figure of 7.44 million.
The US dollar failed to strengthen again and showed a slightly gloomy trading performance in the New York session.
Focus will shift to the next component of employment data, the ADP report in the New York session tonight before investors await the NFP jobs report at the end of the week.
The ADP data that will be published tonight will also be accompanied by the third quarter US economic growth data for its first reading.
Investors in the Asian session this morning paid close attention to published Australian inflation data seeing a surprise in the latest figures.
Australia's consumer price index (CPI) for September fell to 2.1% away from the previous month's reading of 2.7%. The figure is also lower than the forecast of 2.3%.
The Australian dollar showed mixed volatility after the data was published, but analysts saw the latest inflation figures as pushing the central bank to further increase their monetary policy easing.
Commodity market developments, gold prices have broken records to record an all-time high above $2,770 this morning.
