Global Macro

Via the BBC: North Korea has fired a missile eastwards from its capital, Pyongyang, towards Japan, media reports say.

DXY got kicked last night: The Aussie was flat against DMs: And mixed against EMs: Gold lifted a little: Brent jumped then fell.

Cross-posted from The Conversation: Deutsche Bank CEO John Cryan has predicted a bonfire of industry jobs as automation takes hold across the finance sector.

Love William White.

Via Bloomie: The Bank of Canada forged ahead with another interest rate hike in a nod to the country’s surging economy, while signaling its appetite for further tightening may be curbed by a rising currency and sluggish price pressures.

Vimal Gor’s latest.

DXY was pulverised last night before putting in the big rally: The EUR was the complete reverse: AUD followed the two: Was mixed against EMs: Gold roared then slumped: Brent is weak given the soft USD: Not so base metals!

A slow news day just got heated up: North Korea has launched a missile which passed over northern Japan, the Japanese Government says.

Via Morgan Stanley: Quantum computing is at an inflection point – moving from fundamental theoretical research to an engineering development phase, including commercial experiments.

By Gavin R Putland Some else wants to do your job.

DXY held small gains last night: The Aussie fell against DMs: And was mixed against EMs: Gold signaled more risk for USD weakness: Brent held on: Base metals unwound the hysteria a little: EM stocks took a hit: US high yield did too.

DXY poured it on last night: Whether that is a double bottom I know not but the post-2014 support level has held.