Australian dollar

35

Wanna short bitcoin?

Via Bloomie: Bitcoin bears now have another way to bet on price falls. Swiss structured products houses Vontobel AG and Leonteq Securities AG started separate products on Friday that allow investors to profit if the price of bitcoin tumbles. Not that it has tumbled much lately. Bitcoin is trading at a record high and has soared more than 700

8

Australian dollar hit as immigration kills Merkel coalition

Via The Guardian: Exploratory talks to form Germany’s next coalition government were on the verge of collapse on Sunday night after the four parties involved missed their own deadline to resolve differences on migration and energy policy. Chancellor Angela Merkel has been trying to forge a coalition between her Christian Democratic Union (CDU), its Bavarian

9

Jobs boom ends, Australian dollar rises!

The ABS has released October Labour Force and the news is mixed: SEASONALLY ADJUSTED ESTIMATES (MONTHLY CHANGE)  Employment increased 3,700 to 12,297,100. Full-time employment increased 24,300 to 8,425,400 and part-time employment decreased 20,700 to 3,871,700. Unemployment decreased 8,100 to 701,500. The number of unemployed persons looking for full-time work remained steady at 485,900 and the number

40

How to position your money for the coming Labor government

That’s the question the AFR asked on the weekend, sensibly enough, given it is a near certainty: The newest of Shorten’s policies is a 30 per cent minimum tax rate on distributions to the adult beneficiaries of discretionary or family trusts. With farms exempt, the change will affect 2 per cent of taxpayers and 318,000

2

Australian dollar rallies as Trump tax reform revealed

DXY was firm last night: AUD was strong against DMs: And EMs: Gold was stable: Brent too: Base metals fell: Big miners roared again: EM stocks fell: High yield yawned: The US curve flattened again: European yields fell: Stocks held on: There are two things going on here. First, there is little China relief rally

19

Bitcoin lunacy mushrooms with futures

There is nothing like a pyramid scheme and bubble that adds a futures market to bet on it: CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter, pending regulatory review. Bitcoin rose to a record high above $6,400 Tuesday morning, according to CoinDesk, after the announcement by the world’s largest futures

3

ANZ downgrades Australian dollar accidentally

From ANZ today via ForexLive: USD does not have a compelling story to drive it sustainably in either direction We think the currency market’s focus needs to shift from being completely USD-centric to focussing on the drivers of risk appetite That framework dominated before the 2008 crisis, and it will likely dominate once again With

12

RBA warns on cryptocurrencies

Via the RBA Friday in parliament: We note that Committee members have expressed interest in digital currencies or cryptocurrencies. This, and the broader area of distributed ledger technology, is a topic that the Bank has been monitoring closely over recent years. There have been substantial increases in the prices of cryptocurrencies like bitcoin and ether

8

All the way with the USA, Australian dollar smashed

DXY has delivered on the promise of its bullish inverse head and shoulders chart. We’re off and running now: AUD was pounded power against USD but rose against an even more weak EUR: EMs were even weaker than AUD: Gold is verging on break down: Brent is powering on: Base metals still smokin’ the crack:

20

Straya to regulate bitcoin but property laundering is awesome

Via Kitco: Australia is very close to introducing regulations for the cryptocurrency market, with the country’s Parliament scheduled to vote on a new anti-money laundering bill this week. The news comes as bitcoin hit a new all-time high over the weekend, breaching the $6,100 level on Saturday. The cryptocurrency’s surge is unprecedented, as just a year ago