DXY is back on strong second-tier data. AUD puked the RBA. Lead boots sinking once more. Gold is in a crazy blowoff. Copper popper. Miners yawn. EM Deepsuckered. Junk maybe. Yields up. Stocks firm. Pretty boring action. The AUD is not listening to the relentlessly stupid RBA hawks. Why would it be when their forecasting
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Wall Street returned from its long weekend of anti-Trump protests and more aircraft crashes with a very staid session, unable to push to a new record high while over in Europeland, the German DAX made a new record high amid the push for big increases in defence spending. The USD is slowly coming back against
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WHEN SOMEONE SAYS THAT THEY DON'T SUFFER FROM "TRUMP DERANGEMENT SYNDROME", IT IS MOST LIKELY THAT THEY DO AS THEY EXPLAIN IN DETAIL WHY THEY DON'T, BUT DO... YES, THE AMERICAN PEOPLE CHOSE A CONVICTED FELON, A SELF-CONFESSED SEX PREDATOR, A RACIST, A NARCISSIST, A PROTECTIONIST, AND SOMEONE WHO DISPLAYS CONTEMPT FOR THE AMERICAN CONSTITUTION...
It is already certain that the high-level Russian-American meeting in the Saudi capital Riyadh will have a place in the history books.
The Productivity Commission (PC) released a research paper entitled Housing Construction Productivity: Can we Fix it?, which tells a story of decades of poor performance. The PC found that building times for new homes have risen significantly in the last decade, and less than half (-53%) as many homes are being built per hour worked
The profoundly corrupt and stupid interest rate complex was as wrong, wrong, wrong as the RBA cut. Now, it is readying more WRONG. The RBA said Australia’s strong labour market was a “strong argument” for keeping rates on hold. That’s after the central bank cut rates for the first time since 2020. “One of the
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Top Russian and US diplomats are holding talks in Riyadh, Saudi Arabia to find a way to restore diplomatic relations, set the stage for a summit between Russian President Vladimir Putin and his US counterpart, Donald Trump, and pave the way for resolving the Ukraine conflict.
The trading week continues in a mixed mood for most Asian share markets without a solid from Wall Street enjoying a long weekend. All eyes were on the RBA today which finally cut rates after four years although the messaging does seem somewhat mixed with the Australian dollar barely changed to remain slightly above the
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As widely anticipated by the financial market and economists, the Reserve Bank of Australia (RBA) cut the official cash rate (OCR) by 0.25% at Tuesday’s monetary policy meeting. It was the first cut since the RBA commenced its monetary tightening cycle in May 2022 and took the OCR down to 4.10%. The decision could be
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New Zealand’s housing bubble has burst after recording one of the world’s largest house price increases during the pandemic. According to the Real Estate Institute of New Zealand, real inflation-adjusted national home values have collapsed to their pre-pandemic level. CoreLogic has also recorded a 17.5% decline in national values from their post-pandemic peak, led by Wellington