With Wall St pointing down after falling on Friday night, the double whammy comes into play on the ASX. We have no choice but to slavishly follow on Mondays. AUD/USD has fallen to 96c. US treasuries are in vogue. New one year lows for oil. Basemetals still falling in Asia today. HK has hit May 2009 lows today. Data released today suggests our manufacturing sector is in recession. The fall in oil needs to continue IMO.
