Australian dollar roars with everything rally!

David Llewellyn-Smith

Monday 3 December 2018

AUD is up away to its highest levels since August as risk flowers on the US/China deal:

Bonds are hosed:

XJO is up 1.6%. US futures even more:

Big Iron up:

Big Gas up:

Big Gold down:

Big Banks up:

Big Realty up but not much:

This rally is a great chance to set some shorts.

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.