The AUD is off and running, bursting above 0.72 for the first time in two months:

Bonds are selling too:

XJO does not like it:
Advertisement

Dalian is hit by Brucutu:

So is Big Iron. If this gets going it could be a decent buy:

Advertisement
Big Oil is serene in the face of growing political risk:

Big Gold is mixed. A short term buy here has merit given DXY may well weaken:
Advertisement

Big Banks are running hard on imminent easing. They are massively overvalued by gotta get that yield:

Advertisement
Same for Big Realty:

There’s change afoot. A can see AUD running up to mid-0.75s in the short term. That’s why we rebalanced cash and bonds yesterday.