DXY has begun its consolidation in earnest. Is it twin peaks as Trump turns soggy on China tariffs?

AUD bear hunting season has started. Nice little inverse head and shoulders bottom for traders to buy.

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CFTC nonetheless means brief. Bullish!

Lead boots up and away!

Gold grotesquely overbought however not less than it has a falling DXY. Commods doing a Costanza.

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Huge miners meh.

EM meh.

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Junkus polunkus.

Yields nonetheless skeptical.

Shares couldn’t maintain ATH.

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EL Trumpo does love dictator, and his newest fawning is for the grandaddy of them all.

President Donald Trump stated he’d favor to not should impose tariffs on China, his newest dovish comment towards the world’s second-biggest financial system at the same time as he continues to threaten sweeping motion.

“We now have one very massive energy over China, and that’s tariffs, and so they don’t need them,” the US chief informed Fox Information host Sean Hannity in an interview that aired Thursday within the US. “And I’d slightly not have to make use of it. But it surely’s an incredible energy over China.”

A lot for the artwork of the deal. That is fart of the squeal. Fairly ignominious for ‘Mr Tariffs.’

Commentary apart, I’m shocked the AUD didn’t rise extra. Such weak-kneed rhetoric reveals the likes of Scott Bessent have grabbed Trump by the ballbag over fears of inflation.

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If this can be a window for a ‘grand cut price’ with Xi Jinping, then AUD goes to bounce onerous, even when, ultimately, it received’t final.

One would have thought that El Trumpo realized his lesson the primary time round: that Beijing is a liar and any deal it strikes won’t ever be delivered.

However sufficient of that. Who is aware of what EL Trumpo will say subsequent week or hour?

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AUD bear capturing season is open for now.