Australian dollar


As BTC hodls to zero, miners dump computers en masse

The earth thanks you: BRUTAL: this is what’s happening now in a China based mining site …. 😨😨 — Dovey Wan 🦖 (@DoveyWan) November 20, 2018 It’s happening worldwide: Major U.S. crypto mining and blockchain firm Giga Watt has filed for bankruptcy on Monday, Nov. 19, Washington daily newspaper Wenatchee World reported yesterday, Nov.


Hodl to zero

Good stuff! Hodl to zero. via the FT: Pressure is building on regulators to increase their oversight of cryptocurrencies following a $15bn crash in bitcoin and irregularities at one of the world’s largest virtual trading platforms. …Central banks and securities watchdogs around the world are contemplating how to rein in the industry, where billions of


Bitcoin resumes passage to zero

It almost looked as if it would hodl out at $6k. But no, worthless is worthless: The latest driver is the same driver we’ve noted since the beginning, regulatory risk, via Bloomie: On Friday, the SEC announced its first civil penalties against two cryptocurrency companies that didn’t register their initial coin offerings as securities. Airfox


Has the Australian dollar bottomed?

DXY was soft last night. CNY and EUR rebounded, the latter out of a false break lower: AUD fell across the board versus DMs: And EMs: Gold was up: Oil too: Base metals fell: And EM stocks: US junk was soft and hit in EMs: Treasuries were bought and the curve steepened: Bunds went the


Oil crashes on growth worries

DXY was off little last night. EUR and CNY firmed: AUD firmed as well: Gold hung on: Oil let go big: Base metals were soft: Miners weak: EM stocks better: US junk eased more: Treasuries were bid: Bunds too: Stocks were flat: Westpac has the wrap: Market Wrap Global market sentiment: Global sentiment improved following


Capital Economics: Labor to sink Australian dollar

Via Capital Economics: Labor’s proposals for a number of regulatory changes could worsen the investment climate and dampen business confidence, but we think their impact on economic growth would be small. All told, a Labor victory would probably lead to weaker economic growth over the next couple of years. Adding in the negative wealth effect


Australian dollar tumbles as risk retreats

DXY was strong Friday night: AUD was weak: But not as weak as EMs: AUD shorts pulled back to -64k: Gold sagged: Oil more: Base metals too: And Big Miners: EM stocks were hammered: Junk reversed in the US: Treasuries were bought: Bunds too: Stocks fell: Westpac has the wrap: Market Wrap Global market sentiment:


Hawkish Fed pops Australian dollar balloon

DXY popped last as CNY and EUR sank: The AUD balloon continued to float higher on its RBA stupid thermal but it burst against DXY: Gold sagged: Oil is free falling: Base metals were OK: Big miners eased: EM stocks were smashed: Junk cooled: Treasuries were slammed and the curve flattened: Bunds too: Stocks eased:


Australian dollar outlook after the mid-terms

Bloomie is leading a chorus of bearish commentary on the USD after the mid-terms: The dollar’s bull run against major currencies could come to an end in 2019 after the Democrats took the U.S. House from the Republicans in the midterm election. While the outcome was largely expected, analysts at Morgan Stanley and Credit Agricole


Australian dollar catches dose of RBA stupid

DXY was flat last night. EUR and CNY similar: AUD caught a dose of RBA stupid as it rose towards Futureboom! Gold fell: Oil fell: Base metals fell: Big miners fell: Junk was firm: Treasuries sold Bunds less: Stocks ground out more recovery: Westpac has the wrap: Market Wrap Global market sentiment: Risk sentiment was


Australian dollar rally persists with risk

DXY was soft overnight. CNY weak. EUR strong: AUD was mostly up: Gold was warm: Oil cold: Base metals too: Big miners lifted anyway: EM stocks firmed: And junk: The Treasury curve flattened for the first time in a while: Bunds were stable: Stocks were up solidly but Nasdaq struggled with Apple: Westpac has the


Australian dollar short squeezes to the moon!

DXY was smashed last night. CNY and EUR were forced higher: AUD went bananas on a major short squeeze: Recalling that market positioning is just too bearish: Gold tracked DXY higher: Oil was hammered: Base metals better: Big miners flew: EM stocks went nuts: Junk showed us the truth: Treasuries were bid as inflation fears


Hedgie: Australian dollar to crash to 9-year low

Via Bloomie: Australia’s dollar may drop to a nine-year low of 67 U.S. cents as the central bank is set to become even more dovish and lean more toward cutting interest rates, according to money manager Hexavest Inc. …A lot of damage has already been done to the Aussie, Vincent Delisle, co-chief investment officer at