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
The post Turnbull sails through Newspoll loss 34 appeared first on MacroBusiness.
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
The post Australian dollar hits new lows as commodities break appeared first on MacroBusiness.
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
The post Vimal Gor: Australian dollar headed for “mid-60s” appeared first on MacroBusiness.
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
The post Ghettoisation of Australian cities IS THE PLAN appeared first on MacroBusiness.
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
The post Auction clearances remain weak appeared first on MacroBusiness.
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%
The post Inside the female labour boom appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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
The post Why Huawei is banned appeared first on MacroBusiness.
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
The post NEG destroys Australia’s Paris carbon targets appeared first on MacroBusiness.
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
The post Daily iron ore price update (disputes) appeared first on MacroBusiness.
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
The post Links 18 June 2018 appeared first on MacroBusiness.