Australian dollar falls as bonds boom anew

See the latest Australian dollar analysis here:

Macro Morning

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