DXY is getting belted again as trade deals flow in. They don’t look great to me, but must be less severe than the market expected.
AUD scorched to a new high. The big short is working wonders.
Lead boots jumped.
Gold is skeptical of DXY. Oil is where it should be.
Lol, copper.
Could copper overcome iron ore? Meh.
The EM of old.
Junk breaking out.
Yields up.
Stocks ATH.
An impending EU deal at a 15% tariff got markets excited. I would have thought this would be DXY positive, but, hey, bad is good news again.
Then again, markets sold bonds, so it wasn’t a play on falling rates.
It’s not clear what it was other than the buying of risk and the selling of safety on declining policy shocks.
AUD is going to love that at all times, and it appears it has more to go as the big short powers every rebound.
