ASX and Australian dollar fall

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The AUD/USD has kept falling during the day but not as much as should given the weak Chinese data:

Bonds are selling but have pushed back from breakout red lines:

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XJO is off moderately:

Dalian also waltzed through the China PMIs:

Big Iron is down:

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Big Gas too:

And Big Gold:

All three dirts are sells to me now. A slowing China adds to the DXY bull case.

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Big Sleazy is off after a goodly rally on falling bond yields:

Big Puswad remains troubled by downtrends. REA could form a mighty double-top:

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Big Retail is sick:

And going to get sicker!

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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.