Oil pops above $100

FXstreet.com (Barcelona) - The west Texas intermediate crude future contract for August is last trading shy of the $100.50 mark, printing fresh highs since September 14, 2012 according to CNBC news.

Oil closed Tuesday in NY up +1.6%, adding now an extra +0.9%, while Gold is last trading near session lows at $1243, off yesterday's highs at $1268, making the Gold:Oil ratio to dive again near the 12 mark, at multi-year lows.

Silver in the other hand is holding above the 19 round mark, last at $19.44 spot. In case staying above the $19 round, it might be building a short term reversal pattern in the form of an inverted head and shoulders, with neck line around the $20.20 ask.

Aus retail sales/trade balance next: Impact on AUD/USD

The AUD/USD is just an hout hour away from confronting two potential rate moving indicators, one being the Australian Retail Sales and the other the Trade Balance, both scheduled at 1.30GMT.
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Flash: RBA hoping for AUD depreciation, despite 10% fall – NAB

The AUD is trading near 0.9140 this morning, its lowest level since September 2010, continuing its losses after a fall from 0.9220 to 0.9160 after yesterday’s RBA decision to keep the cash rate unchanged, notes the NAB Research Team.
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