Australian dollar up, ASX down

David Llewellyn-Smith

Wednesday, 4 July 2018

AUD is off to the races after marginally better than feared retail sales:

Bonds are still bid:

XJO is down:

CNY is still firming:

Dalian is stable:

Big Iron is down. FMG looks headed for the lows. RIO has a potential double top and BHP a triple top:

Big Gas powers on:

Big Gold is rebounding:

Big Mortgage is down:

As is Big Property:

Boring!

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.