Australian dollar enters the Thunderdome

DXY is firm again:

AUD is not:

North Asia was mixed:

Oil broke at last:

Metals will follow if it continues:

Miners are a slow-motion train wreck:

EM is over:

Junk is still fine:

The US yield trapdoor opened:

Which helped save stocks:

Lots of cross-currents here:

• Trump polling rallying into tonight’s debate is DXY bullish.
• Oil crash is DXY bearish.
• Bullish DXY sentiment is present during the global economic slowdown that China and Europe are leading.
• Fed cuts are DXY bearish.

On balance, I still see that little lot as DXY bullish in the short term. Especially the rise of El Trumpo. 

Tonight is the US election Thunderdome, in which two people enter the debate and only one person leaves.

A bad debate for Kamala Harris tonight could seriously flush commodities and the AUD.