Aussie dollar, ASX shut eyes and hope

David Llewellyn-Smith

Friday, 6 April 2018

AUD is back as if nothing happened this morning:

Bonds are bid:

XJO is flat:

Big Iron is bid with China closed. Of course it will benefit from any trade war (not):

Big Gas is up as the nation chases its energy tail elsewhere:

Big Gold is plodding along:

The Big Sleazy bear market continues:

And Big Puswad is meh:

Much ado about nothing until tonight’s NFP and new Trump drama.

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.