The Traderszone Network

Investor Dennis Gartman said buying some downside protection was “justifiable” especially with the U.S. Federal Reserve about to hike.

European desks are underway and we’re seeing the euro in retreat as traders pick up a few US$
EURUSD is on session lows of 1.0889 dragging EURGBP down to 0.7209 after failing above 0.7235. EURJPY is on session lows at 133.60 which is tempering USDJPY gains but the pair is underpinned at 122.68

On social media and through networks of friends, details of some of the victims of a massacre at a holiday party for county workers in San Bernardino began to emerge.
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Data out a short while ago
– 41.5
Have been experiencing tech issues here so apols for late posting
Welcome news for both govt and BOJ
USDJPY 122.51 just off session lows

This in a normal town in Australia. Not in northern Australia, where you expect this kind of thing , nope … just a normal suburb in a normal town
Yikes …

If you’re in Albury … sleep well (maybe make sure doors and windows are well locked at night)

The focus around OPEC’s meeting is on whether the oil cartel will cut output to lift prices. Indonesia’s re-entry could complicate that.

Forex news for Asia trading Friday 4 December 2015
Asia came in the back foot today, a bit shell shocked after the huge EUR moves overnight. Another factor keeping it range-bound, of course, it was a pre-NFP day.