Australian dollar lifts on trade hopes, ASX hit again

AUD has been firm this morning on US/China trade hopes and consumer sentiment. Wages disappointed the market. God knows why. It really should know to discount RBA bullshit by now:

Bonds are bid:

XJO is down solidly:

Dalian iron ore is soft. We’re mulling taking some profits on the successful RIO position on seasonal weakness and weak Chinese credit:

Big Iron is down:

Big Gas is getting smashed on the oil crash:

Big Gold is still fading:

Big Banks are weak too though CBA has clearly re-established its premium as NAB and WBC free fall:

Big Property is still struggling:

With more of that ahead.