Australian dollar sinks as risk rally falters

David Llewellyn-Smith

Tuesday, 17 September 2019

The Australian has been falling this morning and appears in danger of deeper retracement:

Bonds are bid again:

A stocks fall:

Dalian is soft:

Big iron has flamed out. FMG above $9 as China slows is something else:

Big Gas is running of course:

Big Gold looks very double toppy:

Big Banks are down but have launched with the steepening yield curve:

Big Realty is unconvincing:

Oil shock has kicked the risk rally in the guts.

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.