Australian dollar short-squeezed higher

David Llewellyn-Smith

Monday 19 November 2018

AUD opened weak this morning but has squeezed higher ever since the still epic short is squeezed:

Bonds are bid:

XJO is weak:

Big Iron is up:

Big Oil is down:

Big Gold strong:

Big Banks are still in free fall:

Big Property has lifted with the DHG approval. Fade it!

The bourse is headed for a retest of recent lows.

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.