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:

Avagoodweekend.

Comments

  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

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