Australian Dollar

By Chris Becker A hesitant start to a busy week on the economy calendar with US stocks treading water as oil prices dropped in anticipation of the upcoming OPEC meeting, while European bourses fell on a weak Asian lead.

Cross-posted from James Howard Kunstler via Kunstler.com. Shoeshine boys in airports ‘round the world must be whispering about Bitcoin as the crypto-currency coils upward to tickle the $10,000 line. Ethereum’s roaring up, too, along with most other cryptos, from Byteball Bytes to Tattoocoin (Limited Edition).

by Chris Becker A very slow start to the week for risk here in Asia with only the ASX200 putting on any gains as Bitcoin goes nuts above $10,000USD.

By Chris Becker  Nobody can stop the music as stock markets make new highs around the globe, even as cues from the bond market with a flattening yield curve suggest that inflation will not raise its ugly head as predicted in 2018.

DXY was very weak Friday night: AUD was also weak, not adding anything against the USD.

BTC at new highs: And check this stuff out: The bright vision is the same reason that BTC is too big to succeed, when it threatens fiat money and government control in every nation on earth.

by Chris Becker The end of another week of trading here in Asia and its all about keeping the ship steady until the Americans wake up again.

By Chris Becker A case of caution and treading water in overnight markets as US traders headed home for Thanksgiving with European stocks treading water as the Euro headed for a five week high.

by Chris Becker Hesistation across Asia today as US markets go quiet for Thanksgiving and retailers around the world ramp up for the Black Friday day/weekend/week.

By Chris Becker The latest Fed minutes were released overnight and the official line of “waiting for inflation” is yet to be believed, so the USD sold off considerably against all the majors, given the Aussie dollar a reprieve.

by Chris Becker Risk has doubled down in Asia with new highs almost across the board as the USD retreats and the yield curve flattens as all and sundry join the stock market trainride.

By Chris Becker We’re back to new highs again on overnight markets with the S&P500 popping through 2600 points as the USD declined against the Loonie, Peso and Yen among others.

Via Westpac: Mixed emotions when I have to extend the scale on the rhs of one of my regular charts, but just had to do it today.

by Chris Becker Risk is back in Asia, although you wouldn’t think it using the Aussie dollar as a risk proxy, as it heads to a new five month low.

Via Bloomie: Australia’s dollar is set to fall to the weakest since the aftermath of the global financial crisis in 2009 as it loses its standing as a high-yielding currency, according to Morgan Stanley.

By Chris Becker Markets absorbed the news of Janet Yellen’s resignation overnight, somewhat because its just procedural as Trump’s nominee Jerome Powell will take over at the end of her tenure – but in the main because its likely her replacement will effect the same type of monetary policy.

by Chris Becker Not a good start to the week for risk as Asian stocks fall in reaction to weekend news of troubles in forming a new government in Germany, combined with fallout from Chinese authorities warning about their own overheated markets.

Via Bloomie: Bitcoin bears now have another way to bet on price falls.

By Chris Becker  It’s coming up to Black Friday (or Weekend, or Week, depending on how desperate the retail outlet is) which could be an apt description for the current trajectory of stock markets around the globe.

The Australian dollar was flogged anew Friday night, briefly breaching the up trend line in the mid-0.75s: The inversion of Australian and US interest rates is almost here.

by Chris Becker The USD has stalled and turning tail against Yen, but not the Aussie dollar which now looks finished.