The always bid in Asian time Australian dollar is sagging this afternoon as the unfolding GDP shocker sinks in:
Bond yields are back at the lows but won’t break lower despite not fully pricing what’s ahead:
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XJO is up a little but does not look well with those little lower lows:
Dalian is down:
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It’s amusing watching Big Iron learn nothing from 2015:
Big Gas is mixed:
Big Gold is BTFD:
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The Big Bank bear is back and growling:
Big Realty exists in a Scummo safe zone:
There’s a good chance that the AUD will be more heavily beaten up as London comes in later this afternoon. It often has a much better grasp of macro drivers than Asian markets do.
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