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Articles from MacroBusiness

Turnbull sails through Newspoll loss 34

June 18, 2018 - 04:32 -- Admin

Via The Australian: Popular support for Malcolm Turnbull has hit its highest level since the last election but the Prime Minster has failed to lift support for the government, which continues to trail Labor with five critical by-elections looming. The results come as One Nation suffered a significant hit in the wake of the public

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Australian dollar hits new lows as commodities break

June 18, 2018 - 00:25 -- Admin

Friday night saw a little gain for EUR and stable DXY: The hilarious EUR long remains massive: But AUD was smashed against developed markets (DMs). It closed at new lows versus USD: Here’s a closer look at AUD/USD: AUD CFTC positioning shifted less bearish at -15k contracts: AUD was also weaker than most emerging market

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Vimal Gor: Australian dollar headed for “mid-60s”

June 18, 2018 - 00:24 -- Admin

Via Bloomberg: A Sydney-based fund manager that profited from the selloff in Turkey’s bonds and currency last month now expects a slump closer to home, as a stronger greenback weighs on the Australian dollar. The Aussie may fall more than 10 per cent to the “mid-60s” US cents in 12 months, said Vimal Gor, head

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Ghettoisation of Australian cities IS THE PLAN

June 18, 2018 - 00:21 -- Admin

Ghettoisation of Australian cities is the plan. It’s quantitative peopling and it’s going swimmingly right across the Sydney’s and Melbourne’s west at astonishing speed. Via The Australian: Demographic shifts driven by Australia’s immigration program threaten to lock Sydney’s western suburbs and parts of Melbourne into a bleak future, as low-income ethnic clusters struggle to cope

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Auction clearances remain weak

June 18, 2018 - 00:17 -- Admin

Via CoreLogic: Auction volumes more than doubled week-on-week across the combined capital cities Auction volumes increased significantly over the week with 1,991 homes taken to auction across the combined capital cities, up from just 904 last week when auction volumes were lower due to the Queen’s Birthday long weekend. The preliminary clearance rate was recorded

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Inside the female labour boom

June 18, 2018 - 00:15 -- Admin

Via Westpac: Dynamics of the labour market continue to surprise us Total employment rose 12.0k in May but even though this is below what is considered to be a trend gain in the labour force, the unemployment rate dipped to 5.4% from 5.6%, a significant two percentage point drop in one month (5.40% from 5.60%

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Why Huawei is banned

June 18, 2018 - 00:11 -- Admin

Just in case you missed it. Via the ABC: To understand the deep institutional anxiety about Huawei among Australia’s closest security partners, you have to understand the British experience with the Chinese telecommunications giant. It’s not an episode that’s much advertised, deliberately so. But it’s an episode that is held against Huawei when it comes

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NEG destroys Australia’s Paris carbon targets

June 18, 2018 - 00:10 -- Admin

Via Domainfax: States and territories that slash greenhouse gas emissions will likely do the heavy lifting while others would be allowed to do less under the Turnbull government’s update of its signature energy plan. Energy analysts raised concerns about the latest updated National Energy Guarantee, with one describing it as a “Frankenstein’s monster” rather than

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Daily iron ore price update (disputes)

June 18, 2018 - 00:05 -- Admin

Iron ore prices for June 15, 2018: Prices have not updated today. Tianjin benchmark is at $66. I expect to see weakness when Dalian opens given the news flow on tariffs. In news, slow moving disputes herald more supply ahead. Samarco is plodding forward: After a year of back and forth, the owners of the idle

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Links 18 June 2018

June 18, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: Russia dumps half of its US Treasury bonds – RT Citibank fined $100 million for interest rate manipulation – CNN China announces retaliatory tariffs on $34 billion worth of US goods, including agriculture products – CNBC   Americas: US separates 2,000 children in six weeks – BBC (taking a leaf out of Australia’s

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