Blogotariat

BNP isn’t sparing the forex horses. Fed reaction function shifts: Although a number of Fed speakers this week, including Governor Powell today, have tried to walk back dovish rhetoric from Governor Waller, we think the genie is out of the bottle, meaning: 1. the market is and could remain firmly convinced the next move is

The post Australian dollar topples king dollar’s crown appeared first on MacroBusiness.

So says The Market Ear positioning. This does not look like the top Here are all the latest updated sentiment & positioning indicators. They very clearly do not signal a top. It is rare to see so many of these indicators showing the same thing. The only hope for bears is that this analysis is

The post More ‘risk on’ to go appeared first on MacroBusiness.

Just inject them directly into my eyeballs.

Once upon a time, a video game adaptation, and the umpteenth sequel in a long-running movie series, would've been a guarantee of quality spelled with a K.

But both of these projects look pretty cool to me. Interesting that they seem to have settled on female protagonists for both. Obvious why with Furiosa. But a bold decision with Fallout, I'd wager, given the usual culture war freak out over female leads in these types of movies.

Last week, immigration influencers like Abul Rizvi were claiming that Australia has reached ‘peak migration’: However, late last week the Department of Home Affairs released temporary visa data for October, which suggested that Australia’s net overseas migration (NOM) has continued to rise. The below chart from Justin Fabo at Macquarie Group summarises the situation: As

There is zero indication of a turn in Chiense property: Zero prospect of funding for developers: Evergrande is still paving the road to hell: Two years after its default marked a key moment in China’s property crisis, the world’s most indebted developer may be heading for another bleak milestone: liquidation. China Evergrande Group faces a

The post Evergrande obliteration immiment appeared first on MacroBusiness.

It may just be that the moment of the election campaign that mattered most was also the same moment that was most roundly condemned as “gotcha” journalism: Labor leader Anthony Albanese was asked straight up: What’s the unemployment rate and what’s the “RBA rate”. He didn’t answer the second question at all and fumbled on the

The post Albo “proud” of Labor’s household devastation appeared first on MacroBusiness.

Friday night saw some soft-ish comments from Fed Chair Powell force bond yields and the USD lower, giving Wall Street a bump up higher instead. The latest ISM manufacturing survey was also softer than expected and remains in contraction mode. The Australian dollar burst out to a new five month high, pushing well above the

The post Macro Morning appeared first on MacroBusiness.

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.

I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.

International Reads: The Federal Reserve will cut interest rates 6 times in 2024 as the economy shows clear signs of cooling down, ING says – Yahoo Mexico’s minimum wage will rise by 20% next year, to about $14.25 per day – AP News Gas prices drop more than 60 days in a row. The median

The post Watercooler reads and videos appeared first on MacroBusiness.

The final electoral boundaries for the next Western Australian state election were released on Friday morning. The changes mostly replicated the draft boundaries released in July, although there were a few small changes, and some dramatic changes to two seats were mostly reversed.

In this post I’ll run through the major changes, what has changed since the draft map, and I’ve also included a map of the boundaries and tables of the result estimates (both primary votes and 2CP).

Proposals for Gaza by the EU’s foreign affairs chief Josep Borrell reflect long-standing European concerns, and show an aspiration to become more involved in a cooperative solution to the Israel/Palestine conflict. Can these European concerns and aspirations have some tangible bearing on Palestinian political prospects?