Australian dollar crashes into new world order

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DXY is threatening a little again.

AUS has a nasty candle but has not yet broken support at previous resistance.

CNY is supportive.

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A rare up day for oil.

Metal mania has turned DXY bust.

Another nasty candle on big miners.

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EM sag.

Junk refuses to corroborate any rally.

US long-end warming up.

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Stocks struggling ATH.

Bullish DXY signals are mounting. TME has more.

A golden cross.

Which usually augers bullish price action.

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Off long-term support.

Hmmm…

Folks long the wrong recovery.

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BLS tomorrow. I expect lukewarm, but any kind of decent number, and DXY is ready to run.

AUD the opposite.

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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.