Ian Reynolds
Gold Prepares To Spike A Lot Higher
Silver Not There Yet
Bitcoin Uncorrelates
ECB Gets In Last Rate Rise While It Can
JGB Yields Tank
In Case You Missed It
Zero % Bids in US Bill Auction !! - Twitter
UBS in talks to acquire Credit Suisse - FT
FED Still Sucking Up > USD 2,000,000,000,000 Daily Via Reverse Repos - St Louis FED
Analysis: Declining U.S. bank reserves add wrinkle to contentious debt ceiling issue - Reuters
First Republic Stock Plunges After Bank Rescue Plan, Dividend Suspension - Wall St Journal
Australia
Australian nuclear submarine program to cost up to $368b as AUKUS details unveiled in the US
Nuclear submarines have undone all the great work that Penny Wong put into reestablishing a cooperative relationship with China. And the cost ! And the time it takes to get them.
A country with a trillion dollars in debt cannot afford this.
AUD / USD Trade Update
Short 0.7000
Short 0.7100
Stop 0.6940
Daily downtrend is broken and price now needs to close above the mid Bollinger Band at 0.6710 to invalidate the short-term bear move.
With all that's happening in interest rates, we expect FX to be subdued and look for near-term consolidation.
USD lower in current financial crisis mode is interesting. At what point, or in what event, would a lower interest rate consideration give way to a flight to UST ?
Or is UST actually the problem itself ?
Economic Indicators This Week
