Weak AUD, strong bonds trigger ASX gains

David Llewellyn-Smith

Tuesday 23 April 2019

The Aussie dollar is soft this morning:

Bonds are well bid on the approach of widely expected weak CPI:

Which has helped push XJO to 2019 highs:

Dalian is soft:

Big Iron strong despite broker downgrades:

Big Gas is soaring with oil and cartel east especially strong on the news of Labor’s Beetaloo pipeline play:

Big Gold is soft:

Big Banks are loving the bond bid:

Big Realty is soft:

Some interesting election action there.

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.