Target acquired.

+2.5% to $110.90 #ironore

Nasdaq’s bullish signal may deliver upside for the Nikkei 225
forex.com/en-us/news-and…

Exactly. There are realistic opportunities to value add through basic refining of our mineral exports yet we try to compete with established large-scale players in the high-end manufacturing space. Totally illogical

After reading umpteen reports about how the Nasdaq rallied on eARniNGs opTiMiSm, one look at the daily shows just it bounced off the 50DMA again.

Bullish engulfing candle points to upside ahead with support at the 50DMA $NQ

Largest decline in Australian 3Y bond futures since June 2023 today. Not a lot on the domestic data calendar until jobs next Thursday $AUD #ausbiz

Jerome Powell made the exact mistake in December he warned about in 2022. Worth watching again - only 8 minutes!

Jackson Hole Symposium Opening Remarks 2022 youtu.be/vhMRynjm3CI?si… via YouTube

Feels more and more like 2015 by the day.

CHINA'S OFFICIAL YUAN MIDPOINT FIXING COMES IN 1654 PIPS FIRMER THAN REUTERS ESTIMATE OF 7.2622 PER DOLLAR, BIGGEST DISCREPANCY SINCE DATA WAS AVAILABLE IN 2018 - Reuters News

Very soft numbers.

CHINA MARCH PPI -2.8% FROM A YEAR AGO (REUTERS POLL -2.8%)
CHINA MARCH CPI +0.1% FROM A YEAR AGO (REUTERS POLL +0.4%)
CHINA SAYS MARCH FOOD CPI -2.7% FROM A YEAR AGO; NON-FOOD CPI +0.7%

$CNY

PBOC $CNY fix 1654 pips stronger than Reuters estimate. Not giving in to market forces yet #FX

This is not the type of comment that warns of imminent intervention

[RTRS] - JAPAN FINMIN SUZUKI: WEAK YEN HAS MERITS, DEMERITS $JPY

See whether this lasts given the weaken JPY

[RTRS] - JAPAN'S NIKKEI AVERAGE FUTURES JNIc1 DOWN 1.24% -

Ol' mate Kanda needs to give it a rest. Intervening against such strong fundamentals is not smart.

…the breadth of inflation increases & momentum in Atlanta Fed sticky infl has also risen as have recent price surveys. Core PCE will likely come in ~0.28% but it will still be too hi so a Jun Fed cut now looks unlikely & mkt has dialed back to first cut in Sep & 1.8 cuts this yr

Wrote this for ausbiz following the FOMC December meeting. Reckon the music stopped with the March CPI report.

Based on the break of the ascending triangle, an extension points to $USDJPY ~180.

MOF will be moaning, but when it says it's not based on fundamentals, remember the yen has a strong positive correlation with US yields and US-JP yield spreads have blown out to YTD highs #FX

US 2 & 5Y #inflation breakevens now back to or exceeding levels seen when the higher for longer rates narrative was in full swing last year.
If the Fed continues to push the rate cut message, difficult to see this trend reversing near-term

Australia: the home of government overreach and onerous regulatory burden.

For the betterment of the people, of course.. #auspol