See the latest Australian dollar analysis here:
XJO is at a record high this morning:
The Australian dollar is soft:
With bonds modestly bid:
Big Iron is right at record highs. BHP flopped over the line earlier but pulled back. RIO and FMG are near. All three charts look very bullish for a breakout. I don’t typically comment on the miners but downgraded iron ore to outright “sell” this morning:
The market is clearly skeptical about Big Gas, as well as oil’s rebound and high LNG prices in Asai:
Big Banks are fading again:
Never has Australian recession been so profitable!