ASX hangs on as Australian dollar falls

David Llewellyn-Smith

Thursday, 26 October 2017

The Australian dollar has rebounded a little during the day. In fact, it’s up-trend is intact:

The bond bid still looks firm:

Dalian is flat:

Big Iron is down with FMG sharply so. BHP and RIO are getting off lightly after big falls overnight:

The Pensioner Killers are marching on:

Big Gold is mixed:

Big Sleazy is down on dour guidance from ANZ:

And Total Wanker is copping it:

Shaky market.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.