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    NYLON HANDOVER: US Stocks rebound overnight

    Investors focussed on buying opportunities over the bearish sentiment the Paris attacks had caused global markets, sending Gold lower and Global stocks higher.




    - USDCAD retreated from the highs after hitting our 1.3350 target, as the Loonie was supported by a higher Oil price overnight. However Canadian shipments (manufacturing sales) hit a 5-month low to send further warning signs for an economy already within a technical recession, making a further rate cut more likely. 
    - US Stocks bounced higher, shaking off fears following the terror attacks in Paris on Friday. The S&P500 closed nearer the highs for the session 1.8% up and DJI up 1.5%. The French CAC, despite seeing a session low of -2.5% closed higher 1.8%, also at the session highs. 
    - Despite its safe-haven status, Gold closed down for the session after gapping up at Monday open and currently trading near Friday's close.
    - RBA release their monetary policy statement today at 2:30pm AEDT. Having kept rates on hold at 2% the markets took the majority of the statement as relatively hawkish but it contained the obligatory threat for further cuts. One week later we then see RBA lower growth and inflation forecasts, whilst also suggesting unemployment had topped. So today's minutes are likely to reflect a balanced argument to keep rates at current levels until further info comes to light, whilst keeping a close eye on FED and China. 

     


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