Australian recession Commodities Global Macro

Mining GFC dead cat screeches higher

Tuesday, 1 March 2016

Brent oil confirmed its break out last night and is headed higher come what may dragging up everything that was previously sold. The US dollar gained:

But so did commodity currencies:

Led by the oil breakout:

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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.