Brace for an Australia dollar falling anvil
David Llewellyn-Smith | Nov 04, 2022 10:30
DXY to the moon:
AUD through the floor:
CNY the same:
Oil held up. Gold fell:
Commods are hanging on:
And miners (NYSE:RIO):
EM stocks (NYSE:EEM) have gone nowhere:
Get The App
US junk (NYSE:HYG) broke:
Yields broke out, curve mashed:
Stocks fell:
US inflation is still sticky:
The Fed has months ahead of further tightening at 50bps per hit. Remember that rates do not usually peak until they are above inflation. That crossover point is going to be somewhere in the mid-5% range.
The world needs a stronger DXY to break commods, finish off stocks and crush EMs. It is my that it is about to get it.
AUD falling anvil dead ahead.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.