Prayer works for ASX, Australian dollar, not Fortescue

David Llewellyn-Smith

Monday, 9 April 2018

Aussie bonds are off this morning:

The AUD is firmer:

XJO is flat:

The better mood is all driven by rising S&P500 futures:

However, genuflection is not helping Dalian which has opened soft:

Nor Big Iron which is down as FMG hits new lows in journey to hell:

Big Gas is mixed:

Big Gold same:

Big Sleazy is down:

And Big Puswad:

BTFTWD?

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.