Macro Afternoon

See the latest Australian dollar analysis here:

Macro Morning

Stocks across the region had a less than mild response to the stonking NFP print on Friday night, with gains only half that of their northern hemisphere brothers. This was due to the latest Chinese export figures which disappointed, and strong Yen and Aussie dollar to the USD.

The Shanghai Composite only 2 points higher, still remaining above the 2900 point level it broke on Friday, but only just while the Hang Seng Index did the same with a scratch result to finish at 26510 points. The daily chart is showing tentative signs of a probable swing play back up to 27000 points but that high moving average needs breaching first:

Japanese share markets did better despite the stronger Yen, with the Nikkei 225 closing 0.3% higher to 23430 points, still remaining well clear of daily support at the 23000 level. The USDJPY pair gapped only slightly lower on the weekend open, hovering near the mid week lows at the 108.60 level:

The ASX200 advanced the strongest, lifting some 0.3% to 6730 points as miners and other mineral stocks helped pushed the whole edifice higher. The Aussie dollar is trying to get out of its rut, falling slightly on the open but unmoved at the 68.40 level as the pennant pattern on the four hourly chart suggests a breakout soon:

Both S&P and Eurostoxx futures are slightly lower going into the European open with the S&P500 four hourly chart showing how the recent bounceback is about to meet staunch resistance at the 3150 point level:

The economic calendar is very quiet tonight after the NFP print with the usual slew of Treasury auctions.

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Comments

    • C.M.BurnsMEMBER

      thoughts and prayers from our coal worshipping, pedo hiding, money-loving, poor-hating betters

      • The Traveling Wilbur

        They’ve got The Footy Show and MKR. And cheap but heavily taxed alcohol. And essentially free meds.

        What else do they need? Should just buckle down to a couple of part time jobs (both paying above the award min as neither are permanent) and be grateful they live in Australia yeah?

        Edit: meant the poor people, not the betters / overlords.

    • proofreadersMEMBER

      Nothing to see here – move on. Apparently, he got an audience with The Donald – so, all’s good.

      • Mining BoganMEMBER

        Nah…he never got a meeting. One of the religious nutjob groups with connections got a group tour thing and he tagged along. He made out like it was an invitation but yeah nah, just another con by a conman.

    • I’m not sure what’s worse the Hillsong brigade or the Planetshakers. Nut jobs the lot of them.

    • I love how the d1ckhead thinks “You know what my neighbours need in the late afternoon/early evening? The sound of me renovating. Enjoy!’

      • Oh dear, poor Harry.. 😀 . The bloke is having a go in ScoMo’s economy. He should get a going over with a 2×4 🙂

    • ErmingtonPlumbingMEMBER

      It’s called getting the job done Cnvt!
      Not something that an inner city (Petersham pfft!), Cab Sav drinking, white collar douche would understand in my experience.

    • I got my hammer drill out at 8am on Sunday. Seems reasonable to have a crack at some more tiles this fine evening too.

    • SnappedUpSavvyMEMBER

      There is a very neighbourly chunt near me who uses a leaf blower on his ego every cnty Saturday at 7 am, one day you’ll read about a horrific leaf blower incident where a newly arrived male has accidentally, let’s say slipped, arse first on the leaf blower and simultaneously hit the switch that changes it from blow to suck at max power

    • My neighbours also have an affinity to run their loud pool pump from 0930-1530 and 1900-2330 each day.
      It’s right at the edge of their property (away from them), but close to everyone elses. It’s completley uncovered, and while it’s much better than a hammer drill (in volume and noise consistency) – it shits me as the pool is only small.

      I’ll speak to them, but otherwise will just get on the blower to the council, or finally cut the power lead (after unplugging it)

      Alternatively I could get my hammer drill out like your mate

    • ErmingtonPlumbingMEMBER

      “Ms Tysoe said last year the couple had not yet slept together as they were waiting to have an ‘Islamic marriage’ ”

      Respect.

    • How the fcuk does a bankrupt crim in jail afford to pay for a gig like that? And that over-and-under definitely looks a little on the short side, but not too much. The butt also appears to be intact as well, which is odd. The whole point of cutting down a shotty is to turn it into a concealable weapon by removing all of the butt except the pistol grip (there’s a hint in that term) and most of the barrel forward of the break open pin. Just taking a few inches off the barrel makes no sense. But then, this is Salim Mehajer who is bright enough to allow pics of him with a firearm on a boat on the harbour while on day release.

      Don’t get me started about the bloke pointing the gun into the camera. “Ah…don’t worry mate, it isn’t loa….BOOM”.

  1. The Traveling Wilbur

    Ah. clink-frrrrrrrrrrrr-tink. I guess there’s a limit to how many times you can take the piss out of a bwm driver.

    Shame there isn’t a limit for bmw owners on how many times they can be taken to the cleaners. 😯

  2. The Traveling Wilbur

    Why is it always a safe move to overtake a bwm on the left if you’re both entering a roundabout? Because they’ll never take the first or second turnoff.

    It’ll always be either the third or fourth right.

    • The dog is sad on the outside, doing cartwheels of happiness on the inside.
      One of the blokes at work has just splurged on a new four wheel drive with the van purchase the next thing.
      Said you do realise you’ll be the most hated people on the road?
      Yep. I know.
      How many times have you abused vaners?
      Heaps.
      That”ll be you.
      I know.
      Camping grounds are full of wired old people who’ll want to talk to you.
      You’re not making this better.
      I know but powered camping sites are expensive. With the cash you’ve spent on a new car, van and camping ground fees you can do b&b’s. Most of Australia should only be seen at 30 000 feet.
      Yep, tried that line with the missus. I hate camping. Room service is good.
      ….and so the conversation continued.

      • Mining BoganMEMBER

        Oh, I’ve so had that conversation a thousand times. Never understood the whole thing, wandering around the country spending a fortune in the quest of being the tightest bastard on the planet.

        A ute and a swag will do me.

  3. White Island. Has anyone been to volcanic places like that? I was in Tongariro NP early noughties. By coincidence, the last movie I had watched before I went was Dante’s Peak. Truly a thrilling adventure.

    • Not sure why media cares, I mean it’s in its name: ‘WHITE’ Island…

      I mean, if it was called Vibrant island something, then I’d understand… but white?

    • Mining BoganMEMBER

      I see Scummo offered aid and assistance…quite odd when you think he denied all requests for the same from bushfire hit areas.

      • The Traveling Wilbur

        Hard for people to blame a volcano eruption on global-warming?
        Beetrooter hadn’t travelled over a volcano on his road tour?
        He’s planning to announce a new thermal generation renewable-energy scheme?

        Or… he’s sucking up to NZ because of his non-deal with Lambie and what he’ll need from its government to honour that deal. Sorry. Non-deal.

        fckn I’m a cynical chunt. Is that how you spell “realist” in Australian?

        • It looks like Scomo just broke another soul.
          Every previous PM could be understood.
          You could work them out.
          Scomo is such a gaping void of an individual that it drives people mad.
          He’s Lovecraftian in his all consuming destructiveness.
          But kill it, and what comes next?
          The governing party just sprouts another head.
          Each more dastardly than the last.
          John Carpenter in his 80’s pomp would have made quite the film out of this lot.

          • The Traveling Wilbur

            Quite seriously, every time I see a certain Minister give a press conference I’m instantly reminded of the more avantgarde direction choices made in Twin Peaks.

            Which I also hated.

            I assumed the Libs were cast straight from that talentless cesspool of misshapen knuckle-eaters. They have not had a respectable leader since they collectively and spontaneously knifed the nice leather jacket wearing war memorial manager.