Australian dollar thumped to new lows, ASX holds on

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The AUD is at new two year lows this morning:

Looks like the next supports are down in the mid-71 cents range.

It’s DXY to the moon and EUR flushed:

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Bonds are bid strongly and yields are breaking into a downtrend:

XJO is holding up, down 20 pips:

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Dalian has popped at the open on MOAR stimulus:

Big Iron is down. FMG is closing in on the pointy end of its bearish descending triangle:

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Big Gas looks a bit double toppy:

Big Gold is no safe haven when the DXY bid roars:

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Big Mortgage is soft:

Big Puswad just doesn’t want to read the housing memo:

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Looking shaky.

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.