Macro Morning

See the latest Australian dollar analysis here:

Macro Afternoon

Wall Street regained ground last night, with the S&P 500 finishing at record closing levels as better-than-expected weekly jobless claims and upbeat GDP figures reinforced the Fed’s accomodative view. A slew of post-close earnings from tech giants may upset the Apple (sic) cart to finish out the week later tonight though. Currencies were essentially  unchanged as USD floated along while bond markets saw US Treasury yields up slightly. Commodities were mixed with oil spiking more than 2% while copper and iron ore pulled back from their decade highs as gold failed again to get through the critical $1800USD per ounce barrier.

Bitcoin is rolling over following its failed recovery rally that stalled out as it passed below the $53K level overnight, unable to match last week’s intrasession high as it comes up against four hourly ATR support for a proper breakdown:

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