See the latest Australian dollar analysis here:
The AUD is down all morning following still soft consumer sentiment:
The bond boom is back with the three year already nearing breakout:
That’s given XJO a lift:
Dalian is soft:
Big miners are still strong though FMG is off:
Big Gas still hasn’t figured out Labor is coming:
Big Gold is up:
And Big Banks on the yield trade:
Big Realty is sill hanging on tough while the deeply suspicious DHG action retraces:
RBA cuts cometh.
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.
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.
Latest posts by David Llewellyn-Smith (see all)
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Lol, something just spiked it 20 pips straight up.
RBA talked Chinese stimulus which juiced the AUD
Debelle , like Lowe has no idea.
Lol, I know. It will be a full spread of egg.