Australia dollar and ASX fade on

David Llewellyn-Smith

Thursday 22 February 2018

The Australian dollar is still weak through the day:

Bonds are bid:

XJO is modestly off:

Big Iron is up a little

As Dalian returns firm:

Big Gas is up too but oil still looks vulnerable to me:

Big Gold is mixed and I seem to have rung the bell on bottom for the USD so I’m out of the bullish gold play

Big Sleazy is still struggling:

Big Parasite is mixed:

Ongoing falls in GMA is not good for anyone.

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.