ASX sticks to its gloom

David Llewellyn-Smith

Friday, 16 February 2018

The AUD is still holding off a very weak DXY:

Bonds are stable:

XJO is up a little but sticking to its gloom:

Big Iron is off after a big bounce yesterday:

Big Gas has more falls ahead despite the USD:

Big Gold is down but I’m flipping over. The short term looks good if the AUD and DXY fall together:

Big Sleazy selling has let up:

Big Puswad is mixed with GMA the new MEA, not a good look for anyone:

Avagoodweekend!

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.