Currency Updates:
U.S. Dollar Trading (USD) was battered once more to trade at record lows against the AUD and XAU overnight. The Dollar failed to make any ground as a round of risk aversion, boosted by better than expected earnings from JP Morgan and Intel, was cause for a positive showing in Wall Street. The Dow Jones ended 75 points higher, the S& P was up 0.82%, and the NASDAQ rose by 23.31 points. In data ahead, Trade Balance, PPI, and weekly jobless claims are all scheduled for release on Thursday.
The Euro (EUR) once more was rejected at the magical 1.4000 level on Wednesday, in a range trading session following a quite data day for the Eurozone. The Euro played second fiddle to Soaring Gold price, and AUD at 28 year highs (Post Float). Overall the EURUSD traded with a low of 1.3913 and a high of 1.4001 before closing the day at 1.3962.
The Japanese Yen (JPY) machinery orders reached two year highs in what was an uninspiring trade day for the Yen. The Japanese yen traded in an extremely tight range with a low of 81.72 and a high of 81.95 before closing at 81.76
The Sterling (GBP) gained on the back of positive earning in US, and Hawkish comments from BoE member Sentence who said interest rates will need to rise gradually to counter inflation. The GBP traded with a low of 1.5772 and a high of 1.5909 before closing the day at 1.5895.  
The Australian Dollar (AUD) traded at fresh 28 year post float highs during the US session as positive earning boosted sentiment in the on Wall Street. The AUD was further boosted by Westpac Consumer Confidence rising 3.3% in the month of October. The AUD traded with a high of 0.9936 and a low of 0.9834 before closing the day at 0.9903. UPDATE Trades at 0.9972 fresh high on Thursday morning in Asia.
Oil & Gold (XAU) XAU traded at an all-time high of 1,375.00 an ounce during the US session on buoyant investor demand, whilst Oil too rose on Wednesday to trade at US$83.45 a barrel. UPDATE XAU trades at fresh record highs of 1377.20
