Here we are in record territory for the AUD since it began to float freely in 1983, just below intraday record highs in gold near $1375 (now at $1369.50) and a two year highs in the CRB index at 300.
US equities are consolidating their own important gains after hurdling 1173 resistance earlier today. In addition to quantitative ease, stocks are pricing in a Republican take over of the House of Representative at a minimum and perhaps the US Senate. The S&P trades now at 1182.50.
The market is now in consolidation mode after an active morning.
