Australian dollar pops and drops on retail illusion

The Australian dollar popped and dropped on today’s Black Friday retail illusion. But the path of least resistance remains up:

Bonds are consolidating:

XJO is flat:

Dalian too:

Big iron is soft:

Big gas still rising:

Big gold is struggling at breakout levels. Goldman upgraded it today. Sell!

Big banks are soft too:

Big realty is waiting for a trigger to push lower amid poor charts:



  1. If the foot traffic was anything to go by, black Friday sales up from last year but the rest of the holiday season should be way down unless online sales exploded; which is possible