Australian dollar

13

Global dead cat bounce leaves Aussie dollar behind

DXY was strong last night EUR sank: AUD/USD was left behind but the battler rebounded against others:   And EMs: Gold faded: Oil firmed: Metals too: And miners: Plus EM stocks: And junk: Treasuries eased: Bunds didn’t: Aussie bonds did: Stocks took off: Westpac has the wrap: Event Wrap US President Trump’s trade comments dominated markets

3

Australian dollar sinks into the inscrutable East

DXY lifted as CNY fell: AUD was slammed across the board: Gold tried and failed: Oil firmed: Metals weakened: Miners too: EM stock held on, just: And junk: Treasuries sold just because: Bunds were bid: Aussie yields hit new record lows then lifted: Westpac has the wrap: Event Wrap US President Trump tweeted that “China has just informed

5

Dovish RBA could smash Australian dollar

This makes plenty of sense, via Westpac: Reserve Banks of Australia and New Zealand meet swap markets pricing a May rate cut at around a 50% chance for both all we can say with confidence is that markets should react sharply to both rate decisions Westpac is forecasting no change in Australia and a rate

5

Australian dollar bulls charge in

It may be that the currency is sitting right at the bottom of a bearish descending triangle with critical support at 0.70 cents and 0.68 cents: But the bulls won’t go away, via Bloomie: The Aussie’s recent declines are overdone and it will strengthen about 5 per cent to 74 US cents by year-end, said

2

Australian dollar down despite USD fake out

The DXY breakout is turning fake out as EUR rallies: AUD fell anyway: And was mixed against DMs: Gold was soft: And oil: Metals were mixed: Miners hit: EM stocks held on: Junk partied: As Treasuries were bid: Bunds sold as German inflation was warm: Aussie bonds are marking time at the bottom: Stocks rallied

6

Australian dollar ignores bad data wave

Data has been poor in both China and at home today but it doesn’t matter much as the AUD has held the mid-0.70s as markets are now (rightly) banking on MOAR credit from China: Bonds caught a little bid: XJO is down moderately, not helped by Google’s after hours miss: Dalian is up going into

13

More ‘rise of the yuan’ drivel

Via the FT: The decline of the dollar and the rise of the renminbi could be the “story of the next cycle” thanks to a confluence of political, economic and structural shifts, a large asset manager is predicting. The widening ambit of US sanctions, epitomised by a renewed push to cut Iran’s oil exports “to

1

Australian dollar lifts with risk trades

DXY eased Friday night as EUR and CNY firmed: AUD bounced against DMs: Was mixed against EMs: Gold jumped: As oil sank: Metals caught a bid: But big miners were dumped: EM stocks were stable: Junk too: Treasuries were bid bigly: And bunds: Aussie bonds are still red hot: And global stocks ground higher into

19

Wrongly wrong on the Australian dollar!

DXY has broken out and is flying as EUR and CNY cop it: AUD has been mauled versus DMs and the technicals are ugly with a bearish descending triangle right at breaking point: It is mixed against EMs: Gold is under pressure but doing OK all things considered: Oil has flamed out: Metals are not

14

Goldman: Aussie dollar to rise

I hate agreeing with Goldman, especially on Australia, where it has been horribly wrong for years (being far too bullish). To be honest, the cross-over with mine and the GS view is minimal. The RBA is going to cut. And that will pressure the AUD. But I do agree that the AUD has a good

0

Weak AUD, strong bonds trigger ASX gains

The Aussie dollar is soft this morning: Bonds are well bid on the approach of widely expected weak CPI: Which has helped push XJO to 2019 highs: Dalian is soft: Big Iron strong despite broker downgrades: Big Gas  is soaring with oil and cartel east especially strong on the news of Labor’s Beetaloo pipeline play:

0

Chinese credit jump starts Australian dollar

DXY was weak Friday night, CNY and EUR strong: AUD was wild against everything: Gold was muted despite DXY falls: Oil too: Metals firmed: Big miners were mixed. BHP/RIO strong: EM stocks were soft: US junk is flying: Weirdly, as Treasuries got belted: And bunds: Aussie bonds were worst of all: As stocks fly towards

5

Australian dollar belted with commosites

DXY firmed last night as EUR eased: AUD flamed and fell all the way back: EMs were better too: Gold fell: And oil: Plus metals: Big miners were hit: EM stocks too: As US junk flies: Treasuries sold: And bunds: Aussie bonds are still hung up: Stocks were roughly flat: So, the AUD still can’t