Australian dollar holds gains as ASX fades away

David Llewellyn-Smith

Thursday 26 July 2018

The Aussie dollar has held its gains this morning:

Bonds are mostly bid:

XJO is not happy about it:

Dalian is range bound:

Big Iron down on FMG’s poor update:

Big Gas is happier:

Big Gold too as the USD weakens:

Big Mortgage does not like talk of Chinese stimulus:

And there’s some rotation for Big Puswad and DHG’s longer reach hits REA:

Not exactly a China stimulus firecracker.

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.