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Paring Losses


Trade Balance Broadly In Line With Estimates


Testing The 20-Day EMA

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Futures have stabilised, ticking away from their respective early Sydney lows, leaving YM -0.5 & XM -3.5 at typing. The NFP-spill over downtick, which saw XM have a shallow look below Friday's post-Sydney session lows, likely had an element of input from Australian PM Morrison's reiteration of plans to move past the era of hard state borders and lockdowns come Christmas, although this wasn't fresh information. Elsehwere, there has been little in the way of market moving news, with focus on tomorrow's RBA decision.