Global Macro

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.

Via Citi’s chief global strategist, Matt King: Markets seem optimistic that central bank plans to modestly reduce their support for markets in coming months can be achieved without disruption.

Markets have seen some geopolitical volatility over my two week break.

Cross-posted from Independent Australia: It’s almost scary to think that the world as we know it may well be run by Artificial Intelligence (AI) one day.

DXY rebounded last night: AUD rose against DMs: Gold fell: Brent roared back on OPEC jawboning: Base metals rocketed.

It’s congratulations all around as Australia’s failing post-mining boom adjustment takes another blow today from the hottest currency on the planet.