Shorts puke the Australian dollar

au.investing.com/analysis/shorts-puke-the-australian-dollar-200489814

By David Llewellyn-Smith | Oct 18, 2021 10:08

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DXY was stable Friday night:

The AUD was a one way rocket:

As the record short tasted vomit for the first time:

The commodity bubble inflated:

But not iron ore miners:

The bubble has given EM stocks a reprieve:

But junk still fell:

Treasury yields backed up some more but the curve appears to be cooked now:

Which aided Growth stocks:

Nothing new here. The commodity mania intensified and will run until it burns itself out. While that happens the AUD is going higher. The record short is obviously vulnerable to a considerably larger puke with markets moderately long DXY:

And very pessimistic about AUD:

A good cleanout of bears here would be a fantastic opportunity to reload Australian dollar shorts for the coming commodity bubble pop.

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Shorts puke the Australian dollar

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