Australian dollar bombed in Iran

DXY is still thinking about rising.

AUD has been bombed by Irna but is holding support at former resistence.

Who’s your Daddy?

Golden rocket offering no entry points.

AI metals blowoff supreme.

EM hit with a Chinese margin call.

Still no support from junk.

A little bit of safe haven buying.

Stocks nervy.

The fog of war has settled over Iran.

Early in the US session, it appeared airstrikes were imminent.

Later, there was more mollified rhetoric from the White House.

The AUD ebbed and flowed accordingly.

Anarcho-imperialism is here as a market driver.

Yet it is very hard to pick.

As a high-beta currency, AUD is your friend in this provided your portfolio has strong offshore exposure.