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Australian dollar topping out

October 7, 2024 - 14:00 -- Admin

Goldman has declared DXY at the bottom. USD: That oughta do it. Over the last few weeks, we have written that Dollar underperformance looked overdone, particularly in DXY terms. Many of the factors that weighed on the Dollar through the summer had reversed—our data surprise index has steadily improved, recession concerns have faded somewhat, and

AFR pygmy bites Matt Barrie’s ankles

October 7, 2024 - 12:30 -- Admin

AFR wunderkind Mark Di Stefano pretends to care about the housing torture of his generation. But as is the case with so many Millennials et al, the pursuit of change is cancelled when ideology overwhelms sense. In recent days, Matt Barrie has delivered several knockout blows to the national conversation around housing, clearly directed at

Australia’s record-breaking recession to roll on

October 7, 2024 - 12:00 -- Admin

Australians are experiencing the longest per capita recession on record, with six straight quarterly declines and seven declines over the previous eight quarters. The OECD’s latest economic outlook reduced Australia’s GDP growth prediction for 2024 to 1.1%, down from 1.5% in the previous edition in May. The OECD also predicted Australia’s GDP would expand by

How real is the Iran oil threat?

October 7, 2024 - 11:00 -- Admin

Not very, in my view. But Goldman offers some scenarios. Brent crude oil prices have risen 10% to $78/bbl since Tuesday as the market reassesses the risk of disruptions to oil production in the Middle East following Tuesday’s strikes on Israel. Under our assumption of no major supply disruption, we continue to expect Brent to

Stay long the roaring twenties

October 7, 2024 - 10:30 -- Admin

The Market Ear with an outlook I basically agree with based on the unfolding US productivity boom. There is always a (bad) reason to sell But but but timing the market is our job… Koyfin DOW 60.000 The Dow Jones Industrial Average is on course to hit 60,000 by the end of the decade. Yardeni

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