The Market Ear on the new trend. That’s new April MTD – down moves bigger than up moves. Haven’t seen this since October 2023. Nomura NASDAQ – say hello to the 100 day NASDAQ is closing in on the 100 day moving average. 17500 is a massive short term support to watch. Note that the
The USD rebounded on more hawkish Fedspeak overnight, with Wall Street still unable to put runs on the board as inflation concerns linger. European stocks moved higher on more dovish speak from the ECB which will give Asian stock markets mixed signals on the open this morning. The Australian dollar retraced back to the 64
The Albanese Government has declared a population war on Australians. It intends to substitute the existing population with cheap foreign labour from the Third World as swiftly as possible. The strategy’s beauty is twofold. It lowers the standards and costs of all public services, and the population accepts it because it is being debased so
DXY won’t go away: AUD is stuck at the bottom of its range: Anyone who thinks CNY is on its way to reserve currency status is not paying attention: Oil faded: But the Goldman-engineered copper scam is running full tilt: Miners weak: EM meh: Junk hope: No landing yields: Stocks are landing instead: Charlie McElligott
The geniuses at the RBA have turned their eye to Chinese steel, and, as usual, the outcome is a disaster: Weakness in the Chinese urban residential construction sector has persisted since 2021, and has significantly reduced the sector’s demand for steel. However, overall demand for steel has remained resilient due to recent growth in infrastructure
The National Bank of Canada has derided the government’s mythical plan to build 3.87 million new homes by 2031. This target would require an average annual run rate of 550,000 housing starts per year, about double the record high of 270,000 units in 2021. National Bank of Canada notes, “we’re also going to need people
Asian stock markets are trying to rebound from a bad trading week so far following the escalation in conflict across the Middle East, with yet more hawkish Fedspeak overnight not helping risk sentiment . The USD remains strong against most of the undollars but had a small retracement while bond markets calmed down as well.
The Useful Idiot is up to its old tricks again today: They’re close to the city, public transport, schools and parks – and Melbourne’s leafy eastern suburbs should be shouldering the burden when it comes to new housing, according to a new report. The report, by housing advocacy group Yimby Melbourne and published on Thursday, recommends
AEP with his take on why gold has decoupled from traditional drivers. There is a strong suspicion among gold experts that China is behind the surge in buying, building up a war-fighting bullion chest through state-controlled banks and proxies. But others, too, can see that we are living through a fundamental convulsion of the global
Rex Patrick has dug into how Pistol Pete Dutton reached his nuclear conclusions. In September 2020, the Morrison Government released a Low Emissions Technology Statement that placed Small Modular Reactors (SMR) on a list of watching brief technologies. SMR developments were to be monitored to see if they might play a part in Australia’s energy