Strong jobs drive AUD higher, ASX lower

David Llewellyn-Smith

Thursday 13 September 2018

AUD is up and away following the jobs beat:

Bonds are off the menu:

So is XJO:

Big Iron is enjoying a relief rally:

Big Gas is vulnerable here as the politic gets worse and the US hurricane passes:

Big Gold is struggling to believe:

Big Mortgage does not like rising bond yields:

Big Puswd is getting a little shaky:

With lots more downside ahead.

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.