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Brace for an Australia dollar falling anvil

au.investing.com/analysis/brace-for-an-australia-dollar-falling-anvil-200533762
Brace for an Australia dollar falling anvil
By David Llewellyn-Smith   |  Nov 04, 2022 10:30
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AUD/USD
+0.23%
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XAU/USD
+0.16%
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EEM
-0.12%
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Gold
-0.02%
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Copper
+0.30%
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LCO
+0.15%
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DXY to the moon:

 
DXY
DXY

AUD through the floor:

AUD
AUD

CNY the same:

CNY
CNY

Oil held up. Gold fell:

BRENT
BRENT

Commods are hanging on:

COPPER
COPPER

And miners (NYSE:RIO):

RIO
RIO

EM stocks (NYSE:EEM) have gone nowhere:

EEM
EEM

US junk (NYSE:HYG) broke:

HYG
HYG

Yields broke out, curve mashed:

YIELDS
YIELDS

Stocks fell:

SPX
SPX

US inflation is still sticky:

CPI
CPI

The Fed has months ahead of further tightening at 50bps per hit. Remember that rates do not usually peak until they are above inflation. That crossover point is going to be somewhere in the mid-5% range.

The world needs a stronger DXY to break commods, finish off stocks and crush EMs.  It is my that it is about to get it.

AUD falling anvil dead ahead.

Brace for an Australia dollar falling anvil
 

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Brace for an Australia dollar falling anvil

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