AI terminates Australian dollar

au.investing.com/analysis/ai-terminates-australian-dollar-200566056

By David Llewellyn-Smith | May 19, 2023 09:45

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DXY to the moon:

DXY

Australian dollar was terminated to terminal support:

AUDUSD

CNY likewise:

Gold is going to liquidate shortly. Commods will go with it:

Big miners (NYSE:RIO) have fugly descending triangle charts:

EM stocks (NYSE:EEM) have ceased to exist:

The EM junk (NYSE:HYG) warning siren is screaming:

As is the flattening Treasury curve:

But stocks aren’t listening to any of it:

As AI terminates all resistance:

US small banks (NYSE:KRE) couldn’t follow through on the short squeeze so no need for a real economy:

What an extraordinary end to an extraordinary cycle. From COVID crash to tech crash up, to tech crash down on inflation, to tech crash up on disinflation, and now, tech melt-up as AI terminates the need for the real economy at all.

I have seen some market lunacy in my time but this is the craziest cycle of my lifetime.

So, as AI terminates all resistance, future Fed rate cuts are already disappearing, and, next up, are more hikes because inflation still exists in the forgotten real economy:

AUD is caught between the AI melt-up and the Fed response and it is being terminated.

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Comments (2)

Mike Seder May 22, 2023 19:31

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madness and genius divided by 1

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SC SC May 20, 2023 7:16

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Informative and entertaining!

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Central Banks

Interest Rates

Next Meeting

RBA

4.10%

Oct 03, 2023

BOE

5.25%

Sep 21, 2023

ECB

4.50%

Oct 26, 2023

FED

5.50%

Sep 20, 2023

SNB

1.75%

Dec 14, 2023

BOC

5.00%

Oct 25, 2023

RBNZ

5.50%

Oct 04, 2023

BOJ

-0.10%

Oct 31, 2023

CBR

13.00%

Oct 27, 2023

RBI

6.50%

Oct 06, 2023

PBOC

3.45%

BCB

12.75%

Sep 20, 2023

S&P/ASX 200	7,038.20	-38.30	-0.54%
ASX 200 Futures	7,061.5	-56.5	-0.79%
ASX All Ordinaries	7,238.30	-40.30	-0.55%
US 500	4,309.3	-28.1	-0.65%
Dow Jones	34,006.88	+43.04	+0.13%
China A50 Futures	12,496.0	-60.0	-0.48%
Dollar Index	105.667	-0.023	-0.02%

Crude Oil WTI	89.47	-0.21	-0.23%
Natural Gas	2.827	-0.079	-2.72%
Gold	1,925.55	-11.05	-0.57%
Silver	23.212	-0.173	-0.74%
Copper	3.6552	-0.0148	-0.40%
US Sugar #11	26.36	-0.22	-0.83%
US Coffee C	149.10	+0.30	+0.20%

Australia 10Y	4.401	-0.009	-0.20%
Australia 5Y	4.120	-0.006	-0.15%
New Zealand 10Y	5.283	+0.043	+0.82%
U.S. 10Y	4.523	-0.023	-0.51%
Japan 10Y	0.730	-0.015	-2.01%
China 10Y	2.730	+0.010	+0.37%
Singapore 10Y	3.464	+0.016	+0.46%

CSL	255.60	+2.60	+1.03%
Woolworths	37.570	-0.090	-0.24%
ANZ Holdings	25.090	+0.110	+0.44%
Commonwealth Bank Australia	100.080	+0.200	+0.20%
Telstra Group	3.860	-0.020	-0.52%
National Australia Bank	28.880	+0.020	+0.07%
BHP Group Ltd	43.300	-0.850	-1.93%

AI terminates Australian dollar

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