Australian dollar

4

Australian dollar technicals are fugly

The US dollar index is running riot in Asia after it broke out of its neutral symmetrical triangle on the Fed disappointment: There is room to run on this in terms of market positioning. The big long of US tax cuts has turned small short in recent months as the Fed mooted easing: Further fuel

11

Australian dollar Brexits lower

DXY is approaching breakout even as we approach the Fed. EUR is weak and GBP free falling: The Australian dollar just keeps falling: Gold was strong in the circumstances: Oil too: Metals are confused: Miners were mostly higher: EM stocks went the other way: With junk: Despite a Treasury bid: And bunds: And more record

10

Australian dollar falls as global stocks tank

DXY eased last night as CNY and EUR firmed: The Australian dollar was down across the board: Gold jumped: Oil was bashed again: Metals are amusing: Miners were soft: EM stocks are stalled: Junk was mixed: Treasuries big bigly: Bunds biggerer: And Aussie bonds: Stocks were hit as earnings were crapola: Westpac has the wrap:

18

Hodlers rally as Trump declares war on Bitcoin

Hodlers fight back at FTAlphaville: First Trump, then flump. Having inched up a little on Friday —“boosted” by Trump’s anti-crypto tweets in the early hours of the morning, apparently —bitcoin took a dive over the weekend. At pixel, it was trading just above the $10,000 mark, down about 15 per cent since Friday. Ethereum, the thinking man’s crypto, is down

19

Is this the end for Bitcoin?

Last week Donald Trump pretty much declared as much: I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity…. — Donald J. Trump (@realDonaldTrump) July 12,

2

Australian dollar roars into the bond crash

DXY sagged Friday night, EUR firmed, CNY fell: The Australian dollar piled it on across the board after decent Chinese credit: Gold lifted: Oil eased: Metals were firm: Big miners were soft: EM stocks are struggling: The junk rally is under pressure: As Treasury yields shunt higher: Bunds too: And Aussie bonds: Yet stocks flew

25

Always wash thoroughly after using shitcoin

Via FTAlphaville comes the cross-posted stinky truth: You may have noticed that crypto disease is experiencing another outbreak. Warning signs are everywhere: scams are on the rise, Tether is being printed at the rate of $100m every 24 hours, and people are making ridiculous price predictions with rocket emojis again. From Newsweek on Wednesday, under the headline: “CRYPTO, A FECAL

4

Australian dollar falls with global yields

Major forex was stable last night with Wall St closed for July 4: The Australian dollar was generally soft: Gold fell: Oil too: And metals: Miners were weak in London: EM stocks too: Junk is still strong: Bunds too: And Aussie bonds: European stocks lifted: Westpac has the wrap: Event Wrap Eurozone May retail sales disappointed (-0.3%m/m, est.

9

Trump turns steamroller to currencies

El Trumpo on the steamroller again last night: “China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA. We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games – as they have for many