DXY is back.
AUD is forgotten.
Lead boots are shaky again.
Oil is a dead cat. Gold consolidating.
Advertisement
Base metals development no bueno.
Massive miners caput.
EM caput.
Advertisement
Junk is nervous.
Yields uh oh for lifeless cat shares.
Lifeless cat wanting lifeless.
Advertisement
Present foreign exchange dynamics will not be advanced.
If you wish to purchase lifeless cat US shares, you’re going to wish lifeless cat US {dollars}.
AUD is caught between the US lifeless cat, with yields beginning to purchase into some a US development miracle comeback, and the creating China shock.
Advertisement
My base case stays that each the US and China will sluggish markedly sooner or later.
At that time, the present AUD dynamic will reverse, DXY will fall, however weakening Chinese language development will cease AUD from rising.
It’s anyone’s guess the place the AUD goes within the close to time period.
Advertisement
Add comment