US Dollar remains steady despite all Fed talk. Aussie remains under pressure after weak jobs data from Australia. The AUD/USD pair keep falling after the beginning of the American session and printed a fresh four-week low at 0.6768. As of writing trades at 0.6775, about to post the fifth consecutive daily decline. Among majors, the Aussie is the worst performer affected by Australian economic data. The employment report for October showed an unexpected contraction in jobs of 19K while the unemployment rate rose from 5.2% to 5.3%. “All up, we still don't think the RBA (Reserva Bank of Australia) cuts in December. There is a lot of volatility in these numbers, so it won't be enough for the Bank to act. Still, the negative prints across the board do suggest the RBA will need to deliver another cut, we think in February 20”, explained analysts at TD Securities. Also, the US Dollar continues to trade stronger against commodity currencies, adding more pressure to the AUD/US..

Fed's Powell is testifying again today at the House Budget Committee and here are some of his key comments listed below: The Fed moves in repo market have no effect on the economy. He also said the Fed sees less room for rates cuts in the low rate environment. Investment in infrastructure could be very helpful for the US economy and well-financed infrastructure can contribute to increasing productivity in the US economy. The Fed is doing a lot of forensic work to understand liquidity issues in repo market . He also said there is nothing in the economy that is booming this is a sustainable picture. The October monthly jobs was "very solid",

Federal Reserve Chairman Powell says US trade tensions have contributed to manufacturing recession this year. The Fed does not yet see trade tensions spilling over into the broader economy. The Economic effects of tariffs are not currently that large in the contect of the whole US economy.

DXY is trading in a very tight range in Thursday’s New York session. The level to beat for bulls is the 98.40 resistance level. DXY daily chart DXY (US Dollar Index) is trading in a bull trend above the main daily simple moving averages (DMAs). This Thursday the Greenback is once again challenging the 98.40 level while trading just above the 50 DMA. DXY 4-hour chart DXY keeps pressuring the 98.40 resistance. If the sellers give up and the market breaks above the 98.40 resistance on a daily basis, there is scope for further upside towards the 98.65 and the 99.26 resistances. DXY 30-minute chart DXY is trading above its main SMAs, suggesting a bullish bias in the short term. Support is seen at the 98.30, 98.20 and 98.10 levels. Additional key levels

Price looks to be heading toward the USD 58 per barrel psychological resistance. The internal trendline and 61.8% Fibonacci level match slighty higher up. Spot WTI Daily Chart WTI has been on the rise today and trades 0.40% higher on the session. This is due to the OPEC report published earlier. Over the last few days, the price was not able to break USD 57.50 per barrel as price bounced off it eight times. The chart below looks slightly messy but it does show there is some traffic in the way of a move higher. The channel in red was created from an internal trendline which originated from the low back in August. It is well respected as it was used as support and resistance six times. Now above the price at the moment, there is also a 61.8% Fibonacci level and the price could meet the internal trendline and Fib level at the same time. Additional Levels

There are two trendlines converging very close to one another on the daily chart. USD/CAD is trading 0.09% higher as commodities currencies suffer today. USD/CAD Daily Chart WTI has been on the rise today and trades 0.40% higher on the session. This is due to the OPEC report published earlier. Over the last few days, the price was not able to break USD 47.50 per barrel as price bounced off it eight times. The chart below looks slightly messy but it does show there is some traffic in the way of a move higher. The channel in red was created from an internal trendline which originated from the low back in August. It is well respected as it was used as support and resistance six times. Now above the price at the moment, there is also a 61.8% Fibonacci level and the price could meet the internal trendline and Fib level at the same time. Additional Levels

Energy Index rises on Thursday supported by recovering crude oil prices. Falling US Treasury bond yields weigh on financial shares. Wall Street's main indexes started the day with small losses on Thursday as investors stay on the sidelines while waiting for fresh developments surrounding the United States (US)-China trade dispute. As of writing, the Dow Jones Industrial Average and the S&P 500 were both down 0.05% on the day while the Nasdaq Composite was erasing 0.17%. Among the 11 major S&P 500 sectors, the Energy Index is up 0.4% to lead the winners supported by rising crude oil prices. On the other hand, with the 10-year US Treasury bond yield falling more than 2% for the second straight day, the Financials Index is down 0.2% while the risk-sensitive Technology ındex is erasing 0.4%. Markets will be watching Jerome Powell's, Chair of the Board of Governors of the Federal Reserve System, testimony before the US House Budget Committee but he is expected to deliver nearl..