See the latest Australian dollar analysis here:
The Australian dollar has crawled out of the mire for a bit:
But bond yields are right at record low yields and with the RBA getting the shove the AUD may be headed into another scorching:
XJO hasn’t yet completed ts double top but it awfully ominous:
Iron ore is beginning to break down as Chinese activity rises from the pit. Local mines re-opening?
Big Iron is down. That head and shoulders FMG set up makes me giggle hysterically:
Big Gas is buring again. Good:
Big Gold is a useless swamp thing:
Big Banks do not look well. If credit markets stay frozen…
Big Realty entering the vortex:
The the whole pretty satisfying as the leading edge of sanity retruns.