DXY is not going away. AUD is not out of the woods. CNY sideways. Gold hammer. As I keep saying, for a safe haven, gold is very volatile. AI metals hit too. Is the big bear over? In AUD, yes. EM reversed. Junk is still struggling. Bonds are bidly. Stocks struggled. Are we late cycle
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The price of partnership with the United States has changed. Washington is now using assurances of defence and trade access to pressure allies in Europe and Asia to buy more of its fossil fuels under decades-long contracts.
A senior Pentagon spokesperson has responded with a “your mom” joke when asked about US War Secretary Pete Hegseth’s choice of tie for a recent meeting with Ukraine’s Vladimir Zelensky.
Hegseth opted for a white, blue, and red striped tie during Zelensky’s visit to the White House on Friday.
Last week’s dwelling construction data was an absolute disaster. In the June quarter of 2025, only 40,524 homes completed construction, which was the weakest quarter of dwelling completions for 11 years (i.e., since the March quarter of 2014). In the 2024-25 financial year, total dwelling completions fell by 2% to 174,030, from 177,600 the previous
This Labour government would have banned the Labour movement – alongside all the other protests that secured our freedoms.
Imagine a movement arising in this country that seeks to overthrow established power. Imagine that it begins with a series of rebellions, in Scotland and south Wales perhaps, that shut down workplaces, confront police and soldiers (sometimes peaceably, sometimes with crude weapons), set up roadblocks and lay siege to the places where fellow protesters are imprisoned and government officials are meeting.
Asian share markets have continued their strong rebound on the Trump TACO trade helped along by calm returning to Japanese politics with a new PM while local markets saw a lift in rare earth miners on the back of the Albo “deal”. Currency markets are treading water without much change as the USD tries to
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