Tumbling Australian dollar lifts ASX

David Llewellyn-Smith

Friday 5 October 2018

AUD is right at the lows as I write:

Bonds are mixed:

XJO is modestly bid:

Big Iron is soft:

Big Gas too:

And Big Gold:

Big Mortgage is disturbed by bottom feeders:

Big Realty looks troubled with REA setting up a massive double-top:

Not before time…

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.