DXY has shown signs of life since El Trumpo crashed the world order.
AUD has nonetheless been riding the Asian assets party.
Which ended yesterday.
Gold is overbought again. Oil is doomed.
The metals blowoff collapsed under its own weight.
Big miners are parabolic.
EM in free air.
None of it is supported by spreads.
Stocks are actually tracking sideways.
The US data was OK, but not much better. ADP coughed up a lousy 41k jobs in December.
While JOLTS isn’t showing any rebound in the labour market.
There is no cause for concern regarding wage inflation, but there is some concern about demand outside of the K-shaped economy.
ISM Services was better at 54.
Meanwhile, El Trupo continued his anarcho-imperialism by seizing several dark-fleet Russian oil tankers.
At some point, these interdictions will matter.
AUD firm until then.
