The Australian dollar is holding up this morning:
![](https://www.macrobusiness.com.au/wp-content/uploads/2018/12/1-42.gif)
Bonds are bid and close to break out at the long end:
![](https://www.macrobusiness.com.au/wp-content/uploads/2018/12/2-40.gif)
XJO is down, down. Although not at new lows today it has broken support and looks headed lower:
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![](https://www.macrobusiness.com.au/wp-content/uploads/2018/12/3-37.gif)
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