DXY is warming up. AUD was pounded with risk. CNY is fine. Gold shaky. Metals warning. Mining bear fully intact. EM rolled. Junk is fine. Yields too. Stocks were hit. There wasn’t much going on to explain the sudden nerves. I put it down to the approach of Jackson Hole. Societe General. The title
The post Australian dollar hammered with risk appeared first on MacroBusiness.
British Prime Minister Keir Starmer advised Ukrainian leader Vladimir Zelensky on how to avoid another confrontation at the White House, NBC News reported on Monday.
Zelensky is in Washington for negotiations with US President Donald Trump and Kiev’s key European backers. His previous visit in February was cut short after a heated exchange with Trump and US Vice President J.D. Vance in the Oval Office.
The solution to the rental crisis is being played out across Australia’s two most similar nations: Canada and New Zealand. Canada experienced a record rise in rents in response to the largest surge in immigration in the nation’s history. Last year, the Canadian government announced that it would freeze population growth for three years in
Advocates of ever-higher Pentagon spending frequently argue that we must throw more money at the department to “support the troops.” But recent budget proposals and a new research paper issued by the Quincy Institute and the Costs of War Project at Brown University suggest otherwise.
Asian share markets are flat or slightly down across the board in another very quiet session as macro news remains dominated by the farcical White House talks between Europe, Ukraine and the Trump regime. The moves to watch this week will be the Jackson Hole conference on Friday with Fed Chair Powell expected to make
The post Macro Afternoon appeared first on MacroBusiness.
New Zealand’s economy continues to face severe challenges. As illustrated below by Justin Fabo from Antipodean Macro, the Reserve Bank of New Zealand’s GDP growth nowcast is pointing to a 0.2% decline in real GDP in Q2 2025. New Zealand’s labour market is also in dire straits, with unemployment and underutilisation rates soaring to near-decade
I have been posting stuff on the Blotreport for over eight years now, and I receive an enormous amount of spam, sometimes up to 60 a day, which my wonderful spam filter invariably catches. When I started back in early 2017, a fair proportion of the spam was porn, both gay and straight. That eventually faded away and was replaced, strangely, by several other themes, including a spate of “buy a house in Bali” spam. That was fairly short-lived, and was replaced even more bizarrely by “get a diploma in Moscow, which faded fairly recently, although the occasional one still crops up.
At the end of 2024, CoreLogic (now Cotality) reported that the national dwelling value to income ratio and the percentage of income required to service a new mortgage were tracking at a record high. Cotality’s July housing report showed that the median dwelling value across Australia’s capital cities was $926,854 at the end of July.
The Market Ear on bearish seasonality. Two-faced market Market sentiment surveys and hedge fund positioning data continue to be far from exuberant, but there is of course still an insane amount of buying going on. Let’s have a look at the latest in terms of flow and positioning data out over the weekend, and why
The post Get your hedges appeared first on MacroBusiness.