Macro Morning

See the latest Australian dollar analysis here:

Macro Afternoon

A big night on equity markets with an avalanche of earnings reports on Wall Street just after the latest Federal Reserve meeting which in the end was a fizzer for stocks all round. The only real volatility was in the currency and bond markets with USD pulling back against all the majors while bond yields eventually also declined back to where they were recently. Commodity markets again saw more upside with only iron ore pulling back in Chinese markets while other industrials like oil and copper put in more record highs as gold is inching higher to that critical $1800USD per ounce barrier.

Bitcoin’s recovery rally has stalled out after a brief false breakout above the $56K level overnight, now firming here at the low moving average/session lows  in the last 24 hours at circa $54K:

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