Australian dollar ignores better Aussie data

The Australian dollar waltzed right through the building approvals spike like it wasn’t even there, quite rightly given it is a rogue number:

Bonds are bid after last night’s bath:

The threatened ASX double top appears to have been the pause that refreshes:

As Dalian rips on BHP’s news:

And Big Iron goes bonkers:

Big Gas west is up but Big Gas east is not. STO and ORG look like outright shorts on political risk to me:

Big Gold is mixed:

Big Banks are up with the curve steepening:

Big Realty is mixed too:

The lucky country once more.

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About the author

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.