Breaking News
Investing Pro 0
🚨 Our Pro Data Reveals the True Winner of Earnings Season Access Data

Australian dollar rides foaming at the mouth FOMO

au.investing.com/analysis/australian-dollar-rides-foaming-at-the-mouth-fomo-200536021
Australian dollar rides foaming at the mouth FOMO
By David Llewellyn-Smith   |  Nov 16, 2022 10:46
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
AUD/USD
-2.16%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
US500
-1.04%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
EEM
-1.78%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
Copper
-1.46%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
LCO
-2.86%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
RIO
-0.59%
Add to/Remove from a Portfolio
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

DXY continued its swoon overnight but was saved by a momentary restoration of reason when a few Russian missiles accidentally landed in Poland:

 
DXY
DXY

The AUD crash-up was only momentarily disrupted:

Oil is not taking off:

BRENT
BRENT

Dirt faded:

COPPER
COPPER

Miners (NYSE:RIO) pushed on:

RIO
RIO

EM stocks (NYSE:EEM) crashed upwardly:

EEM
EEM

Junk (NYSE:HYG) too:

HYG
HYG

But the US Treasury curve kept flattening despite falling yields:

YIELDS
YIELDS

Stocks party:

US500
US500

Chinese data was terrible but that’s now cause for celebration on looming stimmies! The US PPI was marginally better than feared at 8% versus 8.3% and that sent markets into another melt-up.

This is still all about positioning and momo for mine. Sticky inflation has not budged and another Fed rug pull is coming if it stays where it is:

INFLATION
INFLATION

But we are first going to get some foaming-at-the-mouth FOMO for AUD.

Australian dollar rides foaming at the mouth FOMO
 

Related Articles

Antoine Bouvet
Rates Spark: The End Is Near By Antoine Bouvet - Feb 02, 2023

US market rates fell after the Federal Reserve decision but this looks more like a market positioning effect than anything specific from the meeting. Expect some retracement. Both...

Australian dollar rides foaming at the mouth FOMO

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Tim Bosscher
Tim Bosscher Nov 16, 2022 11:22
Saved. See Saved Items.
This comment has already been saved in your Saved Items
love your work, Dave...dirt🤣
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email