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[QUOTE="xtreamforex, post: 153592, member: 35633"] [SIZE=6][B]GBP Up, AUD/USD Price May Fall with Stocks. Brazil Election Eyed[/B][/SIZE] [SIZE=5][B]ASIA PACIFIC MARKET OPEN – GBP/USD, BREXIT, BRAZIL ELECTION, AUD/USD, NIKKEI 225[/B][/SIZE] [LIST] [*]British Pound prices soared amidst Brexit latest as USD gains took a breather for now [*]Emerging markets, local stocks eye outcome of first round of Brazil’s presidential vote [*]AUD/USD may fall with stocks in APAC trade while pro-risk Japanese Yen appreciates. [/LIST] On Friday, the British Pound extended pronounced gains against its major counterparts for a second day in a row. Initially, Sterling was buoyed by reports that a Brexit deal is ‘very close’ amidst an offer from the EU for a free-trade deal. The details of the proposal will be presented by EU Chief Negotiator Michael Barnier this Wednesday. Additional GBP’s gain could be attributed to a pullback in the US Dollar on a rather mixed jobs report as unemployment fell but total hires missed expectations. Adding more downside pressure to the US Dollar, relatively speaking, was a somewhat solid jobs report out of Canada. The country added 63.3k employees in September which was the most this year so far and since December 2017. The Canadian Dollar popped on these statistics but gains were somewhat restrained in the aftermath. While the nation surprised markets with total job increases, hourly earnings for permanent employees only ‘clocked in’ at 2.2% y/y. This was the weakest pace of growth in one year exactly. Sentiment-linked currency were generally under pressure Friday, and for that matter the majority of last week. The S&P 500 dropped as much as 0.97% over the course of the past five days, marking its worst performance in a month. Developing nations fared even worse. The MSCI Emerging Markets ETF dropped a whopping 4.84%, marking its worst decline since early February. Simultaneously, US government bond yields soared to multiyear highs, reflecting prospects of tightening global credit conditions. [/QUOTE]
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