ASX bath of blood flows over as Europe mulls lockdown

The Australian dollar is weak again this morning amid its bearish declining triangle is intact:

Bonds are bid:

Stocks have opened lower again:

Big Iron has broken support with RIO and BHP in technical freefall:

Big Oil is similar:

Big Gold has a bid just because:

Big Banks have joined the selling as the yield curve collapses:

The driver is the virus. US numbers are climbing fast still with hospitalisations leading deaths higher:

And Europe is so rife with it that both Germany and France are mulling full-blown national lockdowns again, knocking the EUR:

Remember that AUD is little more than EUR with an amplifier attached. If EUR falls then the entire knock-on effect to a rising DXY and falling everything else in risk, commodities and EM is assured.