The Lunatic RBA has what it wants, a deflationary atom bomb:
Bonds are well bid but the Lunatic RBA should launch an Operation Twist immediately to crush the long end to take the pressure off the AUD. The overly steep curve is like a red rag to a bull:
ASX is taking it in the team today with broad losses:
Including Big Iron despite strong price action:
Big Gold despite strong price action:
Big Oil has it coming:
And Big Banks look positively ill:
The AUD gale is snuffing out XJO.
Well done Loon!