Australian dollar sags with Asian PMIs

By in Australian Dollar

| 3 comments

So much for trade war relief. The triptych of bad Asian PMIs knocked the stuffing from the Australian dollar after it gapped up at the open this morning:

Aussie bonds were sold then bid:

But stocks are in no doubt as S&P futures fly:

And XJO follows:

Dalian is up too:

So Big Iron is leading:

Big Gas is up with the OPEC deal:

Big Gold is presenting a buying opportunity:

Big Banks are mixed:

Big Realty is up:

The ways of the market are now so thoroughly gaslighted by El Trumpo he could launch a nuclear strike on Planet Earth and stocks would soar.

Comments

    • Arrow2MEMBER

      Everything is too expensive. Bonds, equities, gold, you name it.

      (Disclaimer: doesn’t mean things can’t go up more).

      • GavinMEMBER

        +1 to both points. Even vintage cars (assets) have me scratching my head at their values.