See the latest Australian dollar analysis here:
Australian dollar dislocates from greenback amid dirt frenzy
Risk is wavering throughout Asian stock markets with only Japanese stocks advancing as the USD firms against most of the major currencies in the lead up to tonight’s Federal Reserve meeting. While half of Reddit is watching GME, the other half are still watching Bitcoin which still can’t get out of its Friday night breakdown phase, deflating to the $31K level and still below trailing ATR resistance at the $34K level which could prove too high:

The Shanghai Composite is trying to get back above the 3600 point level, currently up a handful of points at 3575 going into the close, while in Hong Kong the Hang Seng Index has lifted only 0.2% as it tries to get above the 30000 point level, currently at 29445 points. Japanese markets are slowly climbing higher, with the Nikkei 225 finishing 0.2% higher to 28603 points while the USDJPY pair has firmed slightly in the afternoon session as the USD, heading back to the 103.70 level:

The ASX200 returned from the Australia Day holiday/introspection/woke-wankfest with a sharp decline, finishing 0.6% to finish at 6780 points while the Australian dollar had a small sniff at a new intraweek high before the latest inflation print saw it fall back towards the 77 handle and looking set to rollover again:

Eurostoxx and S&P futures are dwindling fast going into the European open, with the four hourly chart of the S&P500 still showing a desire to get back to last week’s intraweek high at the 3850 point level, but can it get back on track:

The economic calendar continues with German consumer confidence, US durable orders and then the eagerly awaited FOMC meeting at the Federal Reserve, with a private crude oil inventory stock print.
- Macro Afternoon - February 25, 2021
- Macro Morning - February 25, 2021
- Macro Afternoon - February 24, 2021
I jumped on the Wall St Bets discord today for a look, this train looks like it has a long way to run.
Lol I can imagine the backgrounds of most people on that Discord?
No idea there was over 30,000 people when I was on and that was like 1 am Eastern Time in the US, chat was moving so fast my computer couldn’t keep up!
It s about sticking it to WS short Hedge Funds.Everyone should buy some $GME and make them Not Lendable/really high sell limit
GME is going to be well over $1,000 soon. Firms will have to liquidate their others positions.I hope for a Domino effect if it reaches few $k..
The new BTC. If you’re late to the party it’s still a party, right?
Citadel flows that they poured on while monitoring Robinhood flows turbo charged the rise, leaving them holding a swag – guess who recapitalised the hedge fund?
https://www.bloomberg.com/news/articles/2021-01-27/gamestop-extends-meteoric-stock-surge-on-boost-from-musk-tweet
Musk happily throwing fuel on the fire…………. the Fed must be proud of how things are turning out.
Becker is better when he sticks to this stuff and not Stan Grant- like editorialist rubbish.
Subjective twaddle …
Thanks for the advice Kodiak.
You’re better when you stop being an anti-Australian jerk, just for the sake of it, and actually listen to someone else’s opinion without spitting your red white and blue dummy on the ground.
To be fair CB, this, is just wrong:
These days *every* day is a wokefest [email protected] 😁
Good article on …. The Nature of Money
Calculating a poor person’s wealth is a science. For a rich person, it’s an incredibly abstract art. – M.K. Anderson
https://www.currentaffairs.org/2021/01/trumps-taxes-and-the-nature-of-money
Everything you write is an instant tinfoil/ avoid.
Prove it.
You have to attribute and then make a rebuttal based on those facts. You may be entitled to your own ignorance, but your not entitled to make ignorant noises and then pass them off as informed. Unless you support Agnotology on one hand and then bray loudly about its effects.
I’m yet to see you present any facts. Just vague assertions and references noone understands.
Right above is a link so hand waving just is proof of my point.
That article seems typical of economics skippy. 8000 words to say ” the value of an asset that is not currently being sold is indeterminate and agreed value depends on who is making the assessment and why.”
If you commented more like this than the linked article people might actually care what you say.
true. the rich also demand the states wealth be calculated as a science.
“Depending on the study, between eight and 26 people own half of the world’s wealth, and if money isn’t a good means to describe them, then that is a failure to describe the world as it is.”
I’m sure changing the date of Australia Day will be the blow that begins the dismantling of this Global Plutocracy.
Good thing the ABC is on to this Change the date ad nauseam
“We’re a smart country I’m sure we can do more than one thing at once.”
Anon.
I don’t know if we can chew gum and walk at the same time
It’s all a bit late don’t you think
https://www.smh.com.au/politics/federal/competitive-advantage-call-for-curbs-as-property-sector-ramps-up-political-donations-20210126-p56wva.html
Bloody hell, and people talk about Chinese influence.
..and Chinese influenza ☺️
I wanna see what happens when Real Estate Agent flu breaks out.
Of course that’s going to have to be shortened for media catchiness. BatSh1tlyHighPropertyPriceFlu should do.
Base metals….supply of some dropping off…….and Chile is an accident waiting to happen for copper
https://twitter.com/chigrl/status/1354061726547910669
Investment in equipment starting to happen in the US
https://twitter.com/dlacalle_IA/status/1351944352822681606
Interesting, thanks!
Just watch out for new virus variants spreading across US and EU as risk side. If that forces more shutdowns, then demand will fall of the cliff.
If all this mutual back-slapping wasn’t so disastrous for Australia it would be sad.
https://mobile.twitter.com/RonniSalt/status/1353982699728322560
Some good news from the US. 45 GOP senators vote to throw out the impeachment – suggesting the Dems will struggle to get the 2/3 majority needed to convict Trump.
Perhaps the next Governor of Florida!!
– Only “Anon” ? Not even “Q Anon” ???
– Those GOP senators are cowards. When they are on TV then they praise the Trumpster but behind the scenes these GOP senators & GOP representitives say that they want only ONE thing: Get rid of the Trump and his crime family and Trumpism. No, I do think the impeachment does have a much better chance of succeeding than many people would like to think. An impeachment of Trump will merely be symbolic but after the impeachment there is a much better chance the country can go back to some sort of normalcy.
– Trump governor of Florida ? He doesn’t stand a chance. Trump has burnt too many bridges, made too much enemies in the GOP.
I can’t wait to see them all in 4 years trying to point out the bad parts of Trump as they seek the Republican nomination whilst at the same time defend not impeaching him. There’s a logic tightrope.
– Trump promised to “drain the swamp” and that got him A LOT OF votes. But Trump is a “swamp creature” as well. Like all the other swamp creatures in DC. Trump rails against the “Coastal elites” while he is part of that same “coastal elite” / establishment as well.
– No, I don’t think the voters will remember if Trump would have been impeached. Four years is a LONG LONG time for A LOT OF voters
– On top of that: I see that the right wing FOX News is losing viewers to the more right wing news outlet (TV ??) called NEWSMAX. NOT a good sign …………….
Long live Anonymous!
Trump has endorsed Sanders (who worked for him) to be Arkansas Governor so will be a test to see whether she can win that nomination. Rubio is worried about the Florida senate seat with Ivanka moving into the neighborhood.
– Do Sanders & Ivanka REALLY vthink they stand a chance of becoming governor of Arkansas & Florida ? I don’t know if you got the memo but the Trump brand has become radioactive. No one wants to touch the Trump crime familiy (any more). And all former White House employees have a hard time finding new employment.
– Ivanka was tolerated because her daddy was Trump. But with Trump gone Ivanka has lost her appeal as well.
Lol — 70 million folks still voted for him. “Toxic” with democrats isn’t a bad thing in a red state. Like far too many Australians you’ve been fed TDS of the MSM. I lived in the States for 7 years and have quite a few american friends. It’s not toxic.
– TDS ???
– The Trumpster and his cronies have stabbed those 70 million voters in the back and in spite of that these idiots have voted for the Trumpster and his enablers ?
– I simply don’t listen to both sides of the MSM anymore. Because they have become both too much of a propaganda outlet. And especially the right wing/Republicans have become masters in gaslighting the US public, including those 70 million US voters. There are out on the internet much better informed sources who do have a much better grasp on what’s REALLY going on and are willing to bash both “the left” and “the right”.
– And this gaslighting is also done by a number of our australian “news outlets” as well. Here there is also a relentless stream of right wing propaganda being poured out. And when you have followed this blog for a decent amount of time then you should be able to know what I am talking about.
By ‘…back to some sort of normalcy.’ do you mean one-party rule;
https://www.realclearpolitics.com/articles/2021/01/23/democrats_have_released_a_roadmap_to_one-party_rule_145102.html
‘Digital vaccine certificates could enable international students to return: minister’
https://www.smh.com.au/politics/federal/digital-vaccine-certificates-could-enable-international-students-to-return-minister-20210124-p56weq.html
Bold call – but won’t happen. Vaccines won’t stop the spread (not proved yet that you are still infectious and can pass it on). I was speaking to someone on the weekend who’s friend in Melb had it – was formerly a very competitive runner and 3 months after recovery still only has 30% lung function and can’t do more than walk. F that shit – I don’t want “mild covid” – does the vaccine just stop you getting seriously ill or might you still get some of these long covid impacts like loss of lung function and loss of taste (but otherwise healthy).
We’re waiting on the poor [email protected] in other countries to provide that info for us. My dr has told me that she thinks I should wait on getting the vaccine. With the way in which my immune system is probably compromised (not 100% sure cos there hasn’t been much research into ME/CFS, but now that a super large proportion of people who have survived covid will develop it we should finally get some good research done into good old post viral fatigue) I’ve been told the balance of risk/reward doesn’t add up for rushing into getting the vaccine, esp as it isn’t floating around in the community yet. I hope your friend gets better.
I have a feeling that the vaccine isn’t the silver bullet we are all hoping for. If it gives a significant enough % of the population a better immune response that may be the best we can hope for. I hope will all I have in me that the improved immune response means no long covid, but we just don’t have that info yet and probably won’t begin to get an idea until the end of this quarter.
There was a bloke on the wireless this morning talking about how Straya can get things done when it wants to, citing instances like the homeless being housed and the unemployed finally having enough money to live on during the lockdown. Fair enough I thought, it’s about the will not the ability. You know what he used that as an argument for?
International students. It’s only the lack of will stopping the decision to flood the country again. He didn’t give a rats’ about the homeless and unemployed, he just wanted to use them as an example to get those meal tickets…sorry, students back.
They have no shame.
LdMFAO. Thank you. Great delivery btw.
The interviewee proves the mantra that where there’s will there’s a way. [sic]
And where there’s a Wu there’s a flu, too, I guess.
you are in good form today.
Tudge is dumb as fvk and been useless in every portfolio he has held. This will be no exception.
like every other memebr of this Gov.
with all the back and forth re. the ABC it’s worth pointing out that once upon a time they did do journalism:
https://pmtranscripts.pmc.gov.au/release/transcript-8690
PM: No, no. This Government has pursued policies of inclusion, we always listen to
interests groups, in the Tax Summit of 1985 they were all arraigned around me as
Treasurer.
PL: But there are 10,000 kids sleeping in the streets of Sydney, that’s not inclusion Mr Keating.
PM: And who’s done more about the homeless policy than this Government? No other
goverment, in terms of the policies now about the youth, to get all those young
people back into work. I had Dr Hewson telling me I don’t see anybody, I don’t
listen to anybody I go around this country all the time.
PL: But you only talk to businessmen and people with suits on don’t you?
Lyneham was a legend.
You’d want to get these in the right order:
https://www.abc.net.au/news/2021-01-27/china-coronavirus-new-invasive-quarantine-rules-lunar-new-year/13094370
ATM baby – [email protected]@ to mouth.
Oh dear. That is the last time I do internet research on any terms you post.
Ya had to search that
You don’t want to get that test ar$e about face …
LOLOLOL an anal swab isn’t even necessary. This is just being done to get off, which is fair enough in itself. “Bend right over and spread your cheeks with your hands, wider, awwwww. Now let me dig around a bit, awwwwww”
The Chinese and Japanese women usually have those big long straight pubic hairs that have never been trimmed so you can’t see anything while you’re swabbing anyway.
What
It’s true, in my experience. My first girlfriend was of Chinese descent. Long and straight. No short and curlies anywhere.
Thinking Asian pubic hair transplants would be a breeze
Are you speaking from personal experience or internet experience?
It’s a good thing I’m not vision impaired and use a screen reader when on MB. The other people in my house would be mortified.
Have you also noticed that their vag1nas are east west facing instead of north south?
^^
This guys done some swabs in his time …
(Edit: I was trying to point to Reus – but this 27 Jan fella seems to know his way around a relations party …)
Swabodan Milošević
Spoken like a seasoned digital analyst
The Chiefs have no offensive line left, but how do you stop Hill and Kelce? Mahomes will show he is the new GOAT, eclipsing the old GOAT in the most memorable SuperBowl of the last 20 years.
Chiefs 31 – 24 Buccaneers RIP Gronk
Was struggling badly until i read “Superbowl”.
Delightful news to someone who cares.
Many years ago I had to do battle with some American bean counters to keep a factory operating in Australia that employed a lot of people (many of them were Vietnamese Refugees)
We kept it going for many years until
eventually technology moved ahead and it had to go . However, the buzz I got from keeping those
hopeful and now solid citizens employed and
better able to establish themselves remains with me to this day
So how nice to see Twiggy F giving a boost to
R M Williams or Bega Cheese take over Lion Dairy …..(Thanks China don’t call us we’ll call you ….)
Yes Straya … you can do it ……confidence is a wonderful thing ……..and yes Gladys ..we can even make trains ….
… in Qld. And it will be a wonderful thing … people will tell their grandchildren about it.
But if you ask any liberal you’ll be told we can’t be trusted to build a canoe.
*gritted teeth* Well done Twiggy.
https://www.abc.net.au/news/2021-01-27/andrew-and-nicola-forrest-flag-rm-williams-factory-expansion/13096046
Guess I’ll have to get me some @ssless chaps and a gingham blouse.
And a set of Executive Top Boots.
https://www.rmwilliams.com.au/men/footwear/chelsea-boots/executive-top-boot/B168Y_BNW01.html
As a point of order, “@ssless chaps” is a tautology, as chaps are by definition @ssless. They are essentially a belt with leather flaps for the front of each leg to protect the legs of a rider as he goes through scrub and cactii.
You’re welcome.
Amazon would disagree.
https://www.amazon.com/assless-chaps/s?k=assless+chaps
Click it!
Well, do ya feel lucky, punk? Do ya?
At least they don’t do leather hats …..I think
Ha!
I’ve got one of these guys’ “Hat in a Bag”.
http://www.barmahhats.com.au/
It’s awesome!
Squashes right down, and when I enter the saloon in it, with the @rseless chaps and gingham blouse, the piano player stops discordantly and the dusty cowpokes start looking for the exit.
In Kuleto’s Newtown.
Just no to Barmah
Akubra sombrero or the countriest hat possible
@Swampy
I tried the Akubras and was willing to pay for them, but I felt like such a tryhard d!ckhead in them.
Then I saw the Barmah. It is not so high, and it is flat on the head, and most importantly it has mesh around the top circumference, So air can circulate around the sides of the hat.
It is a great mix between functionality and style.
No one should ever be sacked for scratching their rash!
https://www.smh.com.au/national/worker-sacked-for-alleged-masturbatory-act-loses-discrimination-claim-20210127-p56x6d.html
FYI: the Weekly view of the ASX200 from 17/05/2020 rotated 90° clockwise looks just like Donald Trump. Eerie.
https://investing.com/indices/aus-200
(starts at the hair, works it way down to the top suit button (single-breasted))
Any of you cynical [email protected] want to speculate on what’s going on here?
*allegedly*
https://www.realestate.com.au/news/the-block-did-scott-cam-buy-house-at-centre-of-emese-fajk-scandal/
Double Yawn.
Come on mate can’t ya post something more interesting than gossip about that utterly shyte show?
+1
Why don’t you and ermo get a room FCKEN.
Bit jelly? Haha.
Here ya go. This is more interesting.
(_*_)
Is that supposed to be someone sitting down and bending forwards to reveal their Butthole?
If so the butthole seems kinda high.
Everyone’s a critic.
Fuk that fake tradie makes me cringe 😬 he’s hideous
He ain’t no tradie like he presents himself on the telly. In real life there’s a massive amount of Twiggy Forrest about him.
If you can prove he’s supplying your neighbours with tools and/or materials, below cost, you might be on to something.
What a con job. 3 places sell to the same bloke and the last to some 28 year old ‘mystery girl’ who doesn’t pony up the $4m. No credibility whatsoever that show.
Well that’s what I’m asking – there is all sorts of sh!tfvckery about.
But what specifically is going on?
Surely a heavy shock loss would be a ratings winner (tears/divorces). So who’s interest is it to keep the good news coming?
Remember Hughesy bought one for 3 million or so a couple of years ago.
Here’s an article from the Boomer Times.
https://www.oversixty.com.au/entertainment/tv/dave-hughes-big-regret-about-3-million-the-block-house
Has he been supplying any Australian sporting teams, on the sly, with sandpaper by any chance?
Well, this is lovely.
https://www.dailymail.co.uk/femail/food/article-9189701/The-Love-Sausage-M-S-announces-famed-Valentines-Day-treat-HAMPER.html
Ok. But only if we agree to having different definitions of the term “lovely”.
Glen Waverley news.
At street party last night met our new Chinese neighbour. Early thirties, 6 years as a plasterer has just laid out over $1.5 mill for a non-rice castle house and reno before move-in. To match the big MB wagon. Nice young guy, no kids, but where did the money come from. He hopes his parents (financiers?) will come out soon.
Straws in the wind, two 2 storey better than average Mac mansions close by have just put up signs for private sale, not auction. Do they know the market is shakey and do not want to test it in public?
“They sentenced me to twenty years of boredom
For trying to change the system from within
I’m coming now, I’m coming to reward them
First we take Manhattan, then we take Berlin
I’m guided by a signal in the heavens
I’m guided by this birthmark on my skin
I’m guided by the beauty of our weapons
First we take Manhattan, then we take Berlin “
https://amp.news.com.au/world/asia/china-nz-making-australia-envious-after-signing-fta/news-story/5e8d60d41a3a703afc7c1e83262a685d
S’all righ’ bro. Dan Andrews has been on tuit for over 2 years eh. With that Nue Zulund FTEH signed and Machurian Dan already party [heh] to OBOR, this means the next thung ewe no there’ll be a bridge from Melbourne to Wellington.
And then you can gut over it, eh bro? 😁🚐🚝
So many positive MB articles and anecdotes today…is it possible to conceive a more perfect setup for a blindside move.
Albo is gone.
https://www.abc.net.au/news/2021-01-27/anthony-albanese-rejects-idea-role-as-labor-leader-under-threat/13096802
That’s what every single political leader says before they’re rolled.
Who?
It doesn’t really matter does it
Perhaps husic or O’Neil
Please not Dim Chalmers
“I apologise to anyone who might have been offended.”
https://www.dailymail.co.uk/tvshowbiz/article-9190957/Pip-Edwards-apologises-attending-Australia-Day-party-Aboriginal-flag-upside-down.html
Whereas I offend anyone who might have apologised.
I smell skullduggery. Is this like someone accusing someone else of being anti sem etic for flying the flag of Israel ‘upsidedown’?
Oh. Well. If you’re full-on colourblind.
Albo knows how to handle the situation,
“The Opposition Leader also defended his recent suggestion of holding a referendum on recognising Indigenous Australians in the constitution on January 26, denying it was a “captain’s pick” made without consultation with colleagues.
Mr Albanese said it was not a “policy” but just a “constructive idea”.
If you think British Colonisation was a disaster for Aboriginal Australians, then why is the life expectancy and income of that group much better than Papua New Guineans, despite PNG people having more advanced technology (eg. bow and arrow, pottery) than Aborigines?
Why are there now 400,000 more Aborigines alive today than pre-settlement? (5x increase)
The major issues in Aboriginal Society today are: drug abuse, domestic violence, STDs. How exactly are these the faults of White Australians?
If the First Fleet (1500 people) was bad, why do we allow the equivalent of 200x First Fleets each year of overseas migrants? Will the ‘new Australians’ Chinese (note their treatment of Uighurs) and Indians be more or less concerned than legacy White Australians about Aborigines?
It’s about access to country. Not any country but my country. Solve that and most of the other issues go away. Besides your logical is weak and your numbers wrong.
https://www.theguardian.com/business/2021/jan/27/gamestop-stock-market-retail-wall-street
Damn Gen Y…
watch this mate..
https://twitter.com/Kantrowitz/status/1354494321681068033
That was funny.
going for a walk and when I am back I want to see gold price at $1900 usd, DOW futures -800, NAS futures -400.