Australian recession Commodities Global Macro

Mining GFC doused by oil squeeze

David Llewellyn-Smith

Monday 15 February 2016

The Mining GFC took the night off Friday as an oil short squeeze hosed the blaze. The US dollar firmed:

As bond yields rebounded from lows:

Commodity currencies were mixed:

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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.