Autralian dollar hangs on as oil rages

DXY took a breather:

AUD firmed:

Brent and gold running together is not a good sign for everything else:

Copper and Aluminium are warm:

Miners kicked:

EM wants to break out:

Something hit junk:

Yields up:

Stocks down:

The AI party has a problem. Oil is breaking higher:

Oil stocks are the new AI:

If this continues, rate cuts will be ended everywhere.

This has been a maro rally, and nothing is more of a macro killer than oil seeking a level of demand destruction.

I would expect it to be DXY positive and AUD negative though the latter will be aided by the huge short and gold if it runs in tandem.