DXY was down last night as EUR popped:
The Australian dollar caught the bid again:
As gold went wow:
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WTI is pressing higher but Brent is stuck fast:
Metals MOAR:
Big miners were soft:
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EMs stocks pushed for breakout:
With junk:
As US yields crumbled:
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US stocks piled it on. Europe is crushed by EUR (hello ASX):
The only chart that matters kept on keeping on:
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It is fair to say that the gold bid is also playing a part in AUD strength given it is 10% of the terms of trade. However, the AUD is not fully riding the gold bull. It more has it on a stretched leash:
Which boosts the case for local gold mining equities.
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