See the latest Australian dollar analysis here:
Asian stock markets are generally higher except for local stocks despite continued mixed leads from Wall Street and European stocks overnight with local currencies still strong despite the USD coming back a little against the majors in the wake of the lower US inflation print. Bitcoin continues to stall, falling below the $45K level as momentum reverts from its overbought status on the four hourly charts:
The Shanghai Composite is up nearly 1.4% going into the close, moving further above the 3600 point barrier to 3655 points while in Hong Kong the Hang Seng Index is up 0.4% to 30173 points, also staying above its own key 30000 point level. Japanese markets were closed for yet another holiday while the USDJPY pair was also largely unchanged at the mid 104 level but still looking very weak:
The ASX200 is still stuck in a trading range with a small fall of 0.1% to close at 6850 points with the Australian dollar surging a little this afternoon to get back to its previous intraweek high at the 77.40 level as it possibly turns this consolidation into a new breakout:
Eurostoxx and S&P futures are tracking sideways going into the London session, with the four hourly chart of the S&P500 showing a lot of hesitation here after failing to make any move above the 3900 point level stick as momentum begins to taper and this reflation rally runs out of puff:
The economic calendar includes US initial jobless claims and the continued circus in the Senate.
- Macro Afternoon - February 25, 2021
- Macro Morning - February 25, 2021
- Macro Afternoon - February 24, 2021
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Macro Afternoon
Asian stocks have rebounded firmly across the
Macro Morning
Wall Street's nerves were calmed, soothed and
RBA won't get angry at Australian dollar 80 cents, it will get even
The RBA has been very explicit about why it has
Macro Afternoon
Asian stocks have fallen sharply across the
New Zealand … ebbing economic confidence ? …
Interest Co NZ report late today …
A review of things you need to know before you go home on Thursday; Toyota Finance cuts rates, retail spending falls, more concrete poured, NZGB yields jump, long rates turn lower, NZD slips, & more … David Chaston … Interest Co NZ
https://www.interest.co.nz/news/109005/review-things-you-need-know-you-go-home-thursday-toyota-finance-cuts-rates-retail
… extracts …
YIELDS JUMP
The scaled-back Government bond tenders today were popular as usual, but investors are wanting and getting sharp increases in yields. $450 mln was offered in three tranches and they attracted more than $1.6 bln in bids leaving almost $1.2 bln unsatisfied. The May 2024 issue went for a 0.41% yield and that was up from 0.29% two weeks prior. The April 2027 issue went for 0.84% yield and that was up from 0.58% in two weeks. And the May 2041 issue went for 2.21% and up from 1.90% two weeks ago.
NZD SLIPS FURTHER
The Kiwi dollar is still slipping and now at 72.1 USc. On the cross rates we are slipping too against the Aussie at 93.4 AUc. Against the euro we are down to 59.5 euro cents. That all means our TWI-5 is down to just on 73.5.
im going to kmart tonight anyone need anything
I was in Target today buying undies and got the sh!ts that they didn’t have one of them folding, double sided, omelet pans.
Ya can pick me up one of them and deliver it to Ermo if ya like.
COD of course.
you got it ermingtonplumbing one omelet pan comin right up
Well lah-di-dah. fkcn Man of the people. Not.
Kmart undies.
Must be nice to have throw-away money like that and not have to shop for them at Aldi like the rest of us.
yeah wtf how will ermington live this down his working class cred has been shattered forever
Bet bloke secretly power walks too. We should hook up!
You use omelet pans as undies??
Classic- I didn’t know they still made them. I have my grandmother’s legacy K-Tel non-stick pan. It is still the single most durable item that gets used weekly in my kitchen. I put 3 eggs or maybe 4 in a blender, wiz and top with a sauce. Something like a curry or a creamy garlic and blue cheese. I think it’s more than 40 years old. I wonder how long the Kmart one will last?
Nah but can you stop by Daiso?
You’re after something small, functional, Japanese and inexpensive?
Correct
Thought so. FYI if you’re trying to find them in-store, Daiso usually keep them behind the counter.
Hitachi Tension Reliever?
well a high tension roll prolly aint it
https://mineraltechnologies.com/images/stories/virtuemart/product/MT-DS-009.pdf
Owen Gray Compilation
Some peanut butter, please. A few bars of the super dark chocolate. A few packs of hot cross buns. A jar of basic pesto. Some spinach and ricotta ravioli. Corn chips. Salsa. Cheese. Sour cream. A bag of mixed salted nuts. And the biggest tin of instant coffee that they’ve got.
Just drop it off at Harodus’. He’ll sort you out for it and I’ll pay him when I pick it up. Cheers.
why does that list come across as vaguely ominous
Sounds like footsore somehow got a PS5 and quit his job 😁
It’s my high cholesterol starter pack for bachelor shut ins. Disapproved by doctors across the land. I think it’ll be all the rage as a box set at the very front of supermarkets. And on the front page of their online ordering site. The packaging includes a QR code that takes you straight to Imgur. It’ll also come with a discount code for my box wine of the week recommendation.
https://imgur.com/gallery/m6eKZpy
🤣
Vaguely ominous, pfft. It’s explicitly glorious.
Might want to chuck in a couple of MuMus from the big men’s section.
Also re IMGUR: fvck you footsie. I’m spending even more time on another mildly amusing site.
IMGUR: the gift that keeps taking.
Also, saw a dude strutting around the office in a kaftan today. I’ve no idea who he is, or what he does. All I know is that he was the most the most comfortable man in the building.
Was he a larger gentleman?
Ermo … surely you have some pull with the NSW chapter to support your Victorian Brethren?
https://www.medianet.com.au/releases/196787/
Today the Victorian Branch of the Plumbers Union joined with the national electrical, maritime, public transport and construction unions’ campaign to stop Scott Morrison’s IR Omnibus Bill.
So I did compare the meerkat for car insurance
today and got a whole bunch of quotes from insurance companies ( brands ) I never heard of
All substantially lower that the big name company I’m with . Looks like a lot of outfits there to take the premiums but wonder how they’d go at paying out if needed .
Most of the smaller insurers are underwritten by larger companies. It’s all very incenstuous.
I don’t have time to reads 1000s of pages of T&C’s. So it’s a big gamble..
Say hello to Alexei Navalny’s libertarian multimillionaire backer
Yasha Levine 13 hr ago
Last week Evgenia and I released an episode where we talked about Alexei Navalny’s neoliberalism. We stressed that Navalny isn’t against oligarchs or even the existence of an oligarchy, he’s simply against Putin’s oligarchs. Well, we came across another data point that confirms our view of things.
And that data point is Evgeny Chichvarkin.
https://yasha.substack.com/p/say-hello-to-alexei-navalnys-libertarian
Man you’re a commie! I’d happily go to the stadium to see your purg’n!
Being anti neoliberal, you know the ideology, which is threatening both democracy and capitalism is commie in your book – ??????
It’s sick commie! Everyone should be free and Liberal. (I support our great Liberal party as they protect liberal freedoms)
Free is an abstraction and Liberal has many meanings over time.
Are you suggesting your pro neoliberalism, seems likely as the only thing you can muster is un-quantified name calling when confronted with the above.
Ha ha,… you’ve taken something Reusa has said seriously.
Given skippy’s complete inability to explain anything clearly I’m not the least surprised he misunderstands reusa…
Response moded for some reason, no word issues.
bjw678
Difficult to condense complexity down to level low information people can grok, hence their demands that the it be made so or its rubbish or best yet its the other person that has some cognitive dramas and not their good selves* = *usually some environmentally gifted ideological bias that only responds with emotive spews when challenged.
Vale Larry Flynt.
Another for the ‘didn’t know he was still alive’ file.
Chinamen lady I’m with for this part of the evening just told me it’s New Year’s Eve! Sweet, I’m getting on the goods! She is providing the table.
Hands/Adams apple status?
Asking for a friend?
PS I think he’s still locked out of his iTunes account.
Is she one of those sliding pull out extendable tables?
https://www.idler.co.uk/article/adam-curtis-social-media-is-a-scam/