Aussie

Tyler Durden's picture

Aussie Gold Production Surges To Its Highest Since 2003





Amid a booming housing market (home prices +14.4% YoY), and busting economy (PMI 44.2 from 55.1 2014 peak), Australia's Gold output in 2014 surged 4% to its highest since 2003. As Mining.com reports, the world's no.2 gold-producing nation (after China) has been forced to increase the grade of ore they were targeting and push their processing plants even harder, and mining consultants Surbiton Associates warns "it's not all good news."

 
Tyler Durden's picture

"What’s Going On" - Traders Stumped As HFTs Frontrun Last Night's Australia "Surprise" Rate Decision





Yesterday at 10:30pm eastern, or alternatively today at 2:30pm local time, Australia's central bank unexpectedly did not cut its key interest rate, keeping it at 2.25% even as the majority of economists had predicted a rate cut. However, not everyone was surprised. Just a minute before the official announcement at bottom of the hour sharp, the AUD surged by 0.6%, rising from 0.7774 to 0.7822, suggesting that at least one algo and likely more, had advance knowledge of the unchanged decision, as shown in the  chart below.

 
Marc To Market's picture

Did the Dollar Get its Groove Back?





The US dollar firmed at the end of last week.  Does this mean the bull market has resumed after the consolidatig its gains in February?  

 
Marc To Market's picture

Dollar Bulls Retake the Whip Hand





Put on the a tin foil hat if you must, but US dollar's rally is resuming after short consolidation phase.  I think the rally is only about 1/3 of where it is eventually going.  

 
Tyler Durden's picture

Commodity Currencies Are Soaring





As Crude's bounce gathers pace so the world's beaten-down commodity-currencies are exploding higher. Aussie Dollar has given back all its RBA rate curt losses, The Russian Ruble is soaring, and the Canadian Dollar isd back under 1.24 against the USDollar... The USD Index is now down 1.3% since Friday.

 
Tyler Durden's picture

Asian Markets In Turmoil - Weak Japanese Bond Auction; Surprise Aussie Rate Cut; India Holds Rates, Cuts Reserve Ratio





UPDATE: *INDIA'S CENTRAL BANK KEEPS BENCHMARK POLICY RATE AT 7.75%, CUTS SLR TO 21.5% OF NDTL FROM 22%

UPDATE: Dow Futs -80 points, S&P Futs -9pts

Following the 15th surprise rate cut of 2015 (Singapore, Europe, Switzerland, Denmark, Canada, India, Turkey, Egypt, Romania, Peru, Albania, Uzbekistan and Pakistan, Russia and now Australia), the Aussie Dollar has cratered to its lowest since May 2009 against the US Dollar at 0.7650 (and bond yields crashed by the most since 1997 to record lows). Aussie stocks kneejerked higher (on an extremely dovish RBA statement) but are fading (as are Chinese stocks). Perhaps even more concerningly indicative of the central banks losing control, following this morning's weak Japanese auction (or more properly expressed - BoJ monetization farce), USDJPY (under 117), Japanese stocks (down 350 points from US session highs), and JGBs (yields up 6-8bps) are all being sold.

 
Marc To Market's picture

Near-Term FX Views and More





I have told you the US dollar was going up for months.  Some mocked me.  Others insulted me.  So what?  I tell you the dollar's bull market remains intact.  

 
Marc To Market's picture

Dollar Shoots Higher





Cry if you want to, but the dollar is stronger.  Deny it if you want to, but the US economy is more vibrant now than the Europe or Japan.   This is what is shaping the investment climate, if you are interested. 

 
Phoenix Capital Research's picture

The US Dollar Rally Has Crushed Brazil, Australia, and Now the S&P 500





You only get these kinds of moves when the STUFF IS HITTING THE FAN. And this mess has only just begun.

 
Marc To Market's picture

Dollar Outlook at the End of 2014





The US dollar closed higher against all the major currencies during the holiday shortened week. The lack of liquidity may have exaggerated the weakness of Swedish krona and Norwegian krone, the poorest performing major currencies.  Both lost about 1.5% against the greenback. 

 

The least weak currencies were in the dollar-bloc. The Canadian and New Zealand dollars were practically flat, and the Australian dollar slipped 0.2%.   The euro and sterling slipped about 0.5%, while the yen shed 0.7% of its recent gains. 

 

 
Phoenix Capital Research's picture

The Stuff Is Already Hitting the Fan in the Currency Markets





The financial media is euphoric because stocks are rallying. But stocks are ALWAYS the last to “GET IT.” The currency markets (which trade $5 trillion per day) realize that something MASSIVE is underway. And it’s only just beginning.

 
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