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Australian dollar badly lags commodities rocketship

MacroBusiness Access Subscriber Only Content The US dollar was soft last night as EUR rallied: The Australian dollar moved higher but is still caught in a large head and shoulders topping pattern, a downtrend versus EUR as JPY is breaking out: AUD is now clearly underperforming EMs: Gold flew as US real rates plunge negative, oil is stuck again: Copper is now a fully-fledged bubble: Big miners firmed: Remarkably, as US inflation fears roar, yields keep falling: Stocks loved that, though Nasdaq is sending a very clear warning that inflation is not growth stock’s friend: Westpac has the wrap:

Claims fall to new pandemic low, déjà vu with Kaplan, BOE slows bond buying pace, Tesla fizzles, bitcoin rallies - MarketPulse

Claims fall to new pandemic low, déjà vu with Kaplan, BOE slows bond buying pace, Tesla fizzles, bitcoin rallies May 6, 2021SharePrint Figuring out today’s market moves has not been an easy job.  US stocks initially traded lower after jobless claims fell to a new pandemic low, while continuing claims rose slightly.  It seemed everyone was content to wait until tomorrow’s NFP report but then the Fed’s Kaplan triggered a reversal with real yields.  Financial markets went through déjà vu all over again with Fed Kaplan’s taper chatter.  Last week, Kaplan’s comment that it is appropriate to start talking about adjusting purchases helped send Treasury yields higher.  Before markets heard from Kaplan, the yield curve was flattening, and the dollar was weakening as commodities continued to rock-and-roll.  After Kaplan, a non-voter until 2023 said he wanted to see taper talks start sooner than later, Treasury yields reversed higher.  Kaplan noted that the Fed will hit t

ROUNDUP: Britische Notenbank verlangsamt Anleihekäufe

ROUNDUP: Britische Notenbank verlangsamt Anleihekäufe
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

Britische Notenbank verlangsamt Anleihekäufe

Britische Notenbank verlangsamt Anleihekäufe
faz.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from faz.net Daily Mail and Mail on Sunday newspapers.

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