ASX and Australian dollar fall as Xi ping passes

The Australian dollar is off its highs after the China PPI turd:

Bonds are bid:

XJO can find no joy:

Dalian faded after the turd:

Big Iron is unfazed. FMG is testing former support now resistance at $4.50:

Big Gas is cock-a-hoop as bombs rain upon Syria. STO could be sneaky short on FIRB. Surely even it can’t sell us that badly:

Big Gold looks strong and primed for more:

The Big Sleazy bear market returns:

Big Puswad is seeing GMA bounce on a perverse UBS upgrade:

I noted this morning how volatility was increasing quickly with mad swings now down to 12 hours. That may been conservative!

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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.