DXY is looking for a short squeeze. AUD is holding so far. Lead boots are Ok. Oil is a favour to all. Metals say no to growth. Big miners = big bear. EM yawn. Junk says no to growth. Warning! The curve flattened. Stocks partying on VIX compression. Which is driving the DXY bid. Oversold!
The post Australian dollar jaws tear investors apart appeared first on MacroBusiness.
I don’t have another idea for today’s blog post, so why don’t we use this as a thread for everyone to make their final predictions.
Ex-GOP Senator and Republican Jewish Coalition chair Norm Coleman proclaimed with a straight face that Jews control the world during a Jerusalem conference featuring a speech by Israeli PM Benjamin Netanyahu.
The Trump regime continues to goose the stock market with non-existent reports of trade deals with “hundreds of countries” while the economic reality continues to set in as the latest initial jobless claims spiked while the ISM manufacturing survey went into contraction territory. Trump may need to up his Macca’s order as well as the
The post Macro Morning appeared first on MacroBusiness.
The narrative that renewables are cheaper than baseload power is a myth. Building an intermittent renewable electricity system will be incredibly expensive and inevitably increase power bills. The global empirical evidence is clear: the higher the share of renewables in an energy system, the higher the electricity cost: The reasons should be obvious. Renewables have low
US President Donald Trump has forced Kiev to sell off Ukraine’s mineral wealth for continued military aid, former Russian President Dmitry Medvedev has said.
Labor set for return, with help of Trump and Musk, but it needs dose of colour from Teals and Greens
If I were attorney-general of the Commonwealth after Saturday’s election there is one person I would seek to emulate, the Whitlam era’s Lionel Murphy.
New record temperature of 29.3C in London, Met Office confirms
A temperature of 29.3C has been recorded at Kew Gardens in London, just over 1C higher than the record-beating temperature recorded there earlier today, the Met Office confirms.
The highest temperature recorded in Wales was 27.4C at Cardiff Bute Park.
US National Security Adviser Mike Waltz has been fired, Fox News reported on Thursday, citing its sources. The White House has not made any public comments on the issue.
The total value of Australia’s housing stock was $11.3 trillion as of March 31, 2025, according to CoreLogic, with the average home worth exactly $1 million. The surge in average home values to $1 million has notionally made Australians some of the wealthiest people on earth. For example, the UBS Global Wealth Report ranked Australian
Canada’s April 28 federal election was dominated by Trump’s global trade war and his vow to use “economic force” to transform Canada into America’s 51st state.
After a campaign in which all the parties trumpeted bellicose Canadian nationalism, the Liberals, under their recently-minted leader, the former central banker and blue-chip corporate executive Mark Carney, were able to retain power.
