Australia dollar, ASX keep falling

David Llewellyn-Smith

Friday 19 October 2018

The AUD is still weak this morning:

Bonds are strongly bid:

As XJO falls moderately:

Big Iron is copping it:

Big Gas too:

Big Gold is OK. EUR fracturing is providing real support:

Big Mortgage is still struggling:

Big Tech looks like going lower:

But not as low as Big Realty!

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.