AUD recovery stalls, but no reversal yet......>

FOREX: AUD recovery stalls, but no reversal yet

-Thursday's session remained sentiment driven, with markets finding little in

newsflow or datapoints to nudge prices convincingly in either direction. As

such, consolidation was largely the theme, which pulled AUD/USD off its recent

highs, pressuring AUD to the bottom of the G10 pile. There's little sign of a

bearish breakout just yet, with the 100- and 50-dmas undercutting as support.

Elsewhere, markets were largely directionless, with markets sitting on the

sidelines ahead of Friday's jobs report.

-Elsewhere, as has been the case for much of the week, GBP was one of the

strongest performers Thursday as the short squeeze continues. GBP/USD edged

above the $1.3150 mark for the first time since May, with bulls now eyeing

$1.3185 as the short-term target.

-German industrial production, Italian retail sales and the US/Canadian jobs

reports take focus Friday. The US are seen adding 184k over the month of

November. There are no major central bank speakers of note as the Fed enters the

media blackout period ahead of next week's policy decision.