ASX straaaiiins for decade high

David Llewellyn-Smith

Friday, 11 May 2018

The AUD is stable through the morning:

Bonds are bid:

XJO is straining to pop a decade high:

Dalian is stable:

Big Iron is up and away as the AUD and oil drive BHP:

Big Gas parties on:

Big Gold too:

Big Banks are holding everything back:

Especially CBA as it heads for a retest of its huge descending triangle support:

Big Puswad is having a good day on REA results:

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.