See the latest Australian dollar analysis here:
Not much for for Aussie assets today as the Australian dollar falls away:
XJO is down moderately but still has a bullish chart:
Bonds are bid:
Dalian is flat so far:
Big Iron has woken in fright from discounting only lollypops and rainbows. FMG at new highs as this unfolded was truly bizarre stuff. Plenty more downside here:
Big Gas is partying on…well…something invisible:
The technical pattern I invented the other day called “four black crows” has sunk Big Gold:
Big Zombie is spewing its cut price cash:
As Big Realty rotates from REA to DHG:
Not much of a market unless you’re positioned offshore!
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.
- UQ freaks again over Pavlou resurgence - September 23, 2020
- The gift that keeps on giving. COVID and Parkinson’s disease - September 23, 2020
- RaboBank: Australian dollar headed to 68 cents on China decoupling - September 23, 2020
YOU MAY ALSO BE INTERESTED IN
Macro Afternoon
The rebound from overnight was only followed
RaboBank: Australian dollar headed to 68 cents on China decoupling
This makes more sense to me than 90 cents:
Australian dollar slammed as Bill Evans says cut, QE in October
Via Bill Evans at Westpac: In a speech yesterday
Macro Morning
Risk sentiment bounced back overnight
Really want to short FMG, but I know how it will play out if I do:
– Take position
– Trump immediately goes full Eddie McGuire “No Deal!”
– China freaks out and decided to rebuild the entire nation (again)
– IO to the moon.
– I’m wiped out.
Sound about right?
That’s how it’s played out for me Geordie…
I’ll let you know when I short so you’ll know to go long!!!!
Yep. And also every tailings dam in Brazil will suddenly collapse.
good luck in that widow maker trade. One day maybe ???????
Dalian futures just spiked 2.6% for some reason. Now pulling back below 2%, but can’t find the news item that drove the move.
My mention of buying shorts? (Not the summer kind, either)
haha, Jonah!