Dalian is open and going nowhere fast:
The Australian dollar loved consumer and credit data. DXY is tumbling again too. AUD is within a whisker of 80 cents:
XJO hated same and is down sharply towards 6000 again as the Aussie dollar sits on it like circus elephant. Head and shoulders topping patterns are forming but it’s early days:
Big Iron is being shellacked after overnight falls. The FMG chart is setting up a beautiful bearish descending triangle as discounts for 58% ore remain at 45%. Ouch:
Big Gas is up a little:
Big Gold is taking profits:
Big Sleazy is threatening to break lower. If bond yields break out it will:
They are still threatening:
Big Realty is up though DHG is struggling. REA is up on the resignation of McGrathmaggedon from the board:
It’s Groundhog Day in the disappointment factory.
