No pressure, Janet!

Friday, 26 August 2016

Markets are delicately poised, listened attentively to the ‘click, click’ of a pair of crochet needles in New York. The US dollar firmed a little and is right in the middle of a neutral symmetrical triangle:

Of other majors, the yen remains firm, others not so much!

Commodity currencies are holding their breath:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.