Australian dollar only goes down

DXY is stable:

AUD only goes down, though we should note that its uptrend is still intact:

North Asia returns from whence it came:

Goldmania, oilmageddon:

Metals should follow the latter:

Miners struggling:

EM struggling:

Junk nervous:

Yields up, which is silly given oil. This trade is getting old:

Stocks up:

The runaway DXY is starting to register some overbought conditions:

And EUR the opposite:

But note that all recent data has supported this move as the US economy firmed while Europe is very weak. This is being reflected in a swing in cash rate futures.

If Trump 2.0 gets the nod, the trade will have to run further as tariffs land on Europe almost as much as on China.

Nothing has changed. Trump equals AUD down. Harris equals AUD up.