DXY is holding on.
AUD paused.
Lead boots too.
I’m surprised the “Gaza Coast” development and Iran sanctions didn’t lift oil.
Dirt meh.
Miners popping finally.
EM meh.
Junk firm.
Yields too.
Stocks up.
Trump’s “Gaza Coast” development is not relevant to Australia, so it is no surprise it was shrugged off.
I am a little more surprised that the entire market also ignored it, especially oil. There are some angry Arab responses.
I guess that is a measure of the seriousness of the brain fart. It was likely dropped into Trump’s head by a cunning Benjamin Netanyahu a few minutes earlier.
There’s nothing the orange man likes better than a coastal development.
Not much else to say today. Bigger day tomorrow with the NFP.
The market is expecting a reasonable report, but it will be California-fire affected, so any sigma scale misses will likely be discounted anyway.
Still looks like an AUD biased upwards of now.
