See the latest Australian dollar analysis here:
The Australian dollar is right at the post-GFC lows again this afternoon in the 0.66s:
Bonds are still doing nothing:
Stocks have eased:
Dalian has held overnight gains:
Big Iron doesn’t believe it:
Big Gas is sideways:
Big Gold is holding up well as DXY powers into higher airs:
Big Banks have rebounded as the economy sinks:
Big Realty is plodding:
Bring on the RBA which will almost certainly stuff it and send the AUD straight back up.
David Llewellyn-Smith
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.
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.
Latest posts by David Llewellyn-Smith (see all)
- Can the ASX keep defying the risk? - February 17, 2020
- Parasite vs virus: Tourism demands re-opening to China - February 17, 2020
- Australia’s “silent depression” rolls endlessly on - February 17, 2020
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Macro Afternoon
Today's session in Asia was marked (sic) with
Macro Morning
By Chris Becker Friday night saw risk
Australian dollar sickens with euro
DXY looks like it's primed for breakout as EUR
Macro Afternoon
A mixed day here in Asia with some stock
Missing the ‘will’ in the last sentence.
From Craig James (CommSec Chief Economist):
Yep, booming exports is the reason for our slowdown… what else would we expect from a prominent Australian economist?
What a gumnut.
Mashed?
Is that different to smashed?
Some folks get very very exited by words like that.
Perhaps we could adopt a system of descriptions that reflect the movement and the expected permanence of the movement.
For example:
Squished could be a 0.25 cent movement that is not expected to be sustained.
Mashed could be a 0.5 cent movement that is expected to be sustained for 6 months
Smashed could be a 0.75 cent movement that is expect to be sustained for 12 months.
Flattened by a fat bottomed water buffalo could be a 1 cent movement that will be sustained for more than 12 months.
Squished was right – and so was the last sentence in the article!
Rats i was hoping for the “positive” gdp print to rocket the aud.. argh why is it NOW that the pooo is rational.
Why do you want to rocket the poo? Are you moving overseas? (wouldn’t blame you)