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DXY is fading:
AUD is testing upside resistance:
No help from North Asia:
Brent needs more war:
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The Great American Bubble Machine has hold of copper:
EM has broken out:
Junk is all clear:
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Yields are peeling lower:
Stocks sniff ATH:
Markets are more decisively dovish for tonight’s US CI now. If it comes in hot,, expect a violent reversal. If it meets or beats consensus, reflation is a go.
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I am onside with the dovish market, so I see the odds favouring an AUD to roar.
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.
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