Australian dollar hangs on as iron ore flames out

See the latest Australian dollar analysis here:

Macro Afternoon

The Australian dollar is still hovering at the highs today:

XJO has stalled:

Bonds too:

Dalian iron ore has flamed out:

But Big Iron hasn’t. FMG looks like it wants to charge the pre-GFC all-time high though it is still 50% higher. Perhaps RIO has a better chance with only 20% to go:

Big Gas is up. The eastern arm appears oblivious to the Labor Mack truck bearing down:

Big Gold is still mixed:

Big Banks have head and shoulders tops on their rebound:

Big Realty still hasn’t broken down. DHG action is as dodgy as its business:

The mining boom is back big.

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  1. nothing to see here that is vaguely attached to reality … but then what IS reality in this world right now?????