Stats New Zealand’s most recent migration figures revealed that only 10,628 net migrants arrived in the country in the year ending August 2025, substantially below the decade average of 49,000 and around 120,000 fewer than the late 2023 peak. Part of the decline in New Zealand’s net migration is attributable to large numbers of Kiwis
The Market Ear on improving gold technicals. Gold moving again Gold found support on the big $3900 level, and was close to the 50 day. The shiny metal is putting in the biggest up candle (as of writing) since the sell off began. We are well above the $4000 area. Next bigger resistance at $4200
The fake left meltdown continues today. The fake left Guardian is busy defending fake left media coverage. “Anyone who thinks this is about a 12-second clip on a Panorama more than a year ago that not a single viewer complained about is not reading the proper story,” said one. “What’s going on here is much
In January 2003, the day before the Canberra bushfires struck, I left Melbourne with my now-wife to commence working as a graduate economist at the Australian Treasury. I was inducted by then-Secretary Ken Henry and his deputies, who taught us about the Treasury’s long tradition of providing “frank and fearless” advice to the federal government
Goldman has an amusing take on the Shenzhen property market, once the hottest in China. Policy environment:The expert was relatively cautious regarding policy environment in Shenzhen. The expert highlighted that easing measures that have been introduced so far, such as HPR relaxation and mortgage rate cuts, have had limited effects and failed to effectively boost
The Market Ear with more. Perfection prevails NASDAQ continues to trade perfectly within the trend channel that’s held since May. Buying dips near the channel lows and the 50-day has remained a simple and profitable strategy. The hammer candle we flagged over the weekend (here) looks powerful and confirms the setup. Source: LSEG Workspace More
The ferrous complex is weakening fast, as it should. Streel production has been slashed, but prices keep falling. The steel export pressure release valve has closed. Mills are shuttering. “We are hearing more stories about steel mills facing mounting losses, prompting several to announce maintenance plans in November,” said Westpac’s head of commodity strategy, Robert
The Climate Change Authority recently warned that electric vehicles (EV) will need to account for 50% of Australia’s new car sales over 10 years if the federal government’s emissions reduction targets are to be met. Federal and state governments already provide substantial subsidies and incentives for EVs, which cost their budgets billions of dollars. Many
DXY is fading again. AUD popped. CNY yawn. Gold rebound. AI metals too. The chosen one returns. EM is back. Junk green light. Yields ease. Stocks BTFDUMF! The shutdown is nearly over. The White House expressed support for the bipartisan deal to end the US shutdown, which makes it likely the government reopens within days.
Everything is awesome on risk markets again as the US government shutdown appears over due to some spineless and feckless Democrats (but I repeat myself) bend the knee in the Senate. Wall Street rallied taking back most of last week’s losses with other stock markets following suit. This will probably last until the Supreme Court