See the latest Australian dollar analysis here:
The mixed start to the trading week for Asian stock markets continued with a lack of direction quite evident as Chinese bourses continued to diverge, Japanese markets were closed while local shares bounced back sharply. The USD remains very strong against the major currency pairs with Euro looking dire indeed while gold is frantically trying to hold on to support after getting shot in the knees overnight, pushed all the way down to the $1800USD per ounce level. The four hourly chart does exhibit a classic bullish falling wedge pattern, although its quite steep:
Chinese shares are diverging again with the Shanghai Composite closing 0.3% higher at 3589 points while the Hang Seng Index is still going the other way, falling over 1% to close at 24681 points. Japanese markets were closed while the light volume has seen the USDJPY pair pushed back above the 115 handle for the first time since 2016!
Australian stocks snapped back after a very poor start to the trading week with the ASX200 0.8% to close back above the 7400 point level at 7410 points as the Australian dollar is still going nowhere but down, sitting right on the 72 level after previously making a new weekly and monthly low:
Eurostoxx and S&P futures are falling sharply going into the London open with momentum inverting almost completely after the Powell nomination volatility pushed it over last night, with the S&P500 four hourly chart showing price almost back at the previous weekly low:
The economic calendar ramps up with a slew of flash manufacturing/services PMIs across Europe and US tonight.
- Macro Morning - December 2, 2021
- Macro Afternoon - December 1, 2021
- Macro Morning - December 1, 2021
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Macro Morning
Equity markets diverged in fortune overnight with
Australian dollar OMICRON whipping boy
DXY was roughly flat last night though all over
Macro Afternoon
Some hope is creeping into risk markets across
Goldman rethinks OMICRON bullishness
Goldman with the note. This is a day old so many
Divide and conquer.
Factions cemented in opposition.
Becoming polarized.
Bitterness.
Pro vax ,V antivax and freedom of choice sprinkled on both sides
L°IP
MD announced mandatory vax for staff from next year. Have been dealing with fall-out all day. Some anti-vax loons but mostly it’s people who are vaxxed but concerned that unvaxxed colleagues will lose their jobs.
Keeping us divided suits the elites. Since it means we are not focused on their extreme wealth growing more and more by day.
Yeah. I’ve never hated my fellow Australians so much. I’d be happy watching the evil totalitarian loving chicken sh1ts get expired in a stadium show.
Have you tried moving to North Korea?
https://www.news.com.au/sponsored/0c8b1c3d5d36527070d8f371525eb168/meet-the-aussie-couple-living-a-dream-life-on-the-seas/
when we’ll see a piece like this about you Harry!
Its a great feeling to leave the day to day behind. We did house sitting in the UK for 12 months. Highly recommended.
could not agree more, why did not you extend the stay ?
Anti-squatting laws. 🤣
That’s not squatting in the reusa sense right.
🤣😅🤣🤣😂
https://www.theage.com.au/politics/federal/one-nation-under-fire-for-sharing-lambie-s-phone-number-triggering-wave-of-abuse-20211123-p59bfj.html
new low in the political arena
Yep despicable. Honestly wish there were a lot more Lambie’s in parliament. Might actually get things done other than rorts and corruption.
What rorts and corruption has she flagged – ?????
For starters instrumental in Vets Royal Commission and pushing for a Federal ICAC. Sensible on most issues.
Yeah, and she’d easily take Malcolm Roberts in a fight. Also called the Qantas boss a po0f. Admirable.
Unfortunately there was the deal she did with Morrison over Medivac but won’t release the details. Reckon she’s angry because she got conned.
My point is simple guys … has she identified any specific case of corruption or fraud public or private save calling for an inspection.
I didn’t realise she was Federal ICAC?
Sure Skip , By her self she’s not going to achieve much but a parliament half full of Lambies, though probably a bit of a rabble at times, would produce far better legislative outcomes for the plebs than the current, hopelessly corrupted arrangement.
Word.
She’d Excel.
and has a very POWERful POINT
She’s got a refreshing Outlook,…compared to other party political MPs
But she looks like an MS Mail
Isn’t that what Accessidents are for?
Yeah but Skip is really helping push reform with encoded comments on MB. 🙂
Mime encoded…
How many epic failures have people championed over 10 years around here only to watch them go splat or end up finding out the rhetoric was just that – rhetoric playing their biases like a piano.
She went on and attacked Scomo today too, brilliant!
https://www.news.com.au/national/politics/george-christensen-to-abstain-cross-floor-in-protest-of-vaccine-mandates/news-story/8269d3b9e9b2a0de76b136b9d2b2f9d2
One nation derailing the abc SBS bill too
She is hard to work out
https://www.news.com.au/national/nsw-act/news/nsw-parliament-passes-affirmative-consent-laws/news-story/86303ae2013edae014e9b4e194caeac7
Watch out Reusa they changed the consent laws in NSW
No exchanges of bodily fluids with out fully filled in consent forms, in triplicate and signed by all parties (including cucks that choose to only watch)
Your Relations parties just got a whole lot more complicated Reus. No longer just a pain in the ar$e for the “catchers”
I am sure there are more than a few lawyers at the relations parties who will be able to give Reusa the ins and outs of this in no time!
120 logbookable hours just to qualify for a LH mouse license (or 40 if certified by an instructor).
Including 10-hours (minimum) night time driving.
Vision test is a worry.
You should see what you have to do though to get an MR these days.
Usually end up settling for a semi.
A hemi demi is quicker.
Im sure those consent forms are not going to have enough signature boxes for those Bukkake Parties Reus and Harry are always inviting me to.
Yeah well these things have a habit of blowing up in your face.
Kaboom 💣
Had a girlfriend called Kay once.
Snow bunnie.(not the coke type,).
Met her in our Alps.
Luckily we didn’t get married.
Good fun but gokkun parties are all the rage at the moment.
I don’t think I’ll google that.
I expect ScoMo will now spend a few millions dollars on a consent app.
The app will also have a timer which requires both party to enter in a passcode every 5 minutes, or it’ll dial 000 and treat it as non-consensual act.
That all sounds to complicated.
I’m predicting we are going to see a “Rooting code of conduct”
You know like the Grocery one.
He could go with the more sensible “sexual code of conduct” but we all know how ScoMo likes to Aussie, Aussie, Aussie these things up.
👌🇦🇺👌
You lay off the Grocery Code of Conduct you hear!
The greatest piece of global legislation in a decade.
If it’s writtten by any current Federal provider of online services you’d be better off using the phone to bash your now-someone-you’re-not-consenting-to-being-with unconscious. And then use their phone to call Police.
Bloke. When you’ve got a girl under a ready-to-go spell she don’t care about any rules at all. Nothing changes for me.
NoodlesRomanov,
See yesterday’s MB afternoon for rest of tips
Thanks Boom – I did see the advice, really appreciated. When I asked, I hadn’t finished digging out around the fitting. I’d dug down far enough to find the hole in the pipe and could see it changed direction 90 degrees so assumed it was an elbow. When I uncovered it properly it turned out to be a mitre joint! Now that I can’t trust the workmanship of the previous idiot at all, I’m going to replace the whole underground section. It’s only about 2m to a bigger main drain that it hopefully ties into (never know though!), but a way bigger job than it first looked and it is p1ssing down up here.
My Lord
https://twitter.com/mektronik/status/1463068558351486983
I like his glasses chain.
LOLOLOL. What a retard. Where did you find that random crazy street yeller?
Mig .
You must remember …………….him…
this, a kiss is just a kiss.
.
Mathius took over rants from him.
Voice of an angle
angle grinder?
Redacted my statement.
Of course Grinder!
Obviously I didn’t mean angel👼
No, Grindr.
No, just someone who looks like Him.
Looks like a Mig sounds like a Mig,
walks like a duck must be a dick.
Although I thought he was darker in earlier days.
are you the genie calling me “my lord” after i rubbed the lamp and would you grant me 3 wishes?
First wish,…obviously,…1 million wishes.
Max Keiser moved to El Salvador to take advantage of the new countries drive to adopt crypto.
https://www.youtube.com/watch?v=cEkD-a8QiK0
Should get a few heads spinning lol. HODL and believe my friends. 🙂
wow the surfing analogy was particularly Wankie.
Who the hell gets conned by this shyte?
Haha, I’m messing with something called Lightning Node and figuring out how to move funds between wallets etc..what is interesting is people can take control of the flow of money. No need for a bank inbetween. Interesting times ahead.
I think people get caught up in all the crypto scams and don’t see the tech behind it and how it works. I can see what El Salvadore is doing as a stepping stone to greater things..
El Salvadore as a country is a scam …
Gav – why would transfer between wallets be an innovation or be news? Isn’t it just another transaction? Aren’t all transactions meant to be recorded on the block and inherently without 3rd party handling? Sorry if this is the dumbest question but I thought that was a central premise of bc.
I’m still getting my head around half of this stuff. But a friend set up his own server to accept payments etc.. and we are testing it out. It’s a fairly involved process.
United States …
Holiday travel back to 2019 levels at 2 million people a day … Yahoo Finance
https://finance.yahoo.com/news/holiday-travel-back-to-2019-levels-at-2-million-people-a-day-174507473.html
The latest numbers from the Transportation Security Administration (TSA) show Thanksgiving holiday travel is almost equal to the numbers seen just before the COVID-19 pandemic in 2019. TSA estimates 20 million passengers will fly between November 19 and November 28, about 2 million people every day.
Delta Air Lines (DAL) says U.S. leisure travel has fully recovered to 2019 levels and expects to fly 5.6 million people. “The Sunday after Thanksgiving Day could be a post-downturn record-setter: 550,000 Delta customers are expected to travel that day, well over the previous single-day, post-downturn record of 516,000 set this summer,” the airline stated. … view and read more via hyperlink above …
New Zealand …
It might be a good idea to focus on the fringes and finance infrastructure properly …
Prices at the bottom end of Auckland’s housing market increased $85,000 in October making home ownership the preserve of the highly paid … Greg Ninness … Interest Co NZ
https://www.interest.co.nz/property/113312/prices-bottom-end-aucklands-housing-market-increased-85000-october-making-home
Tough new lending environment hits home loan borrowers … Miriam Bell … Stuff NZ
https://www.stuff.co.nz/business/money/127074578/tough-new-lending-environment-hits-home-loan-borrowers
First-home buyers are stepping back from the market as it becomes harder to get a mortgage, a new survey reveals.
ANZ became the latest bank to push pause on low deposit loans Tuesday, after BNZ and Kiwibank did the same last week.
This, along with rising mortgage rates and looming changes to the Credit Contracts and Consumer Finance Act (CCCFA), which will make it harder to get a loan, have altered the lending environment.
Economist Tony Alexander’s latest survey of mortgage advisers showed the number of first-home buyers looking for advice has dropped to a new low. … read more via hyperlink above …
Tony Alexander: Why the Reserve Bank’s decision on interest rates doesn’t really matter … One Roof / New Zealand Herald
https://www.oneroof.co.nz/news/40554
Third, from December 1, banks have to meet the new, far more stringent requirements of the Credit Contracts and Consumer Finance Act (CCCFA). They have to be able to prove that they have fully assessed all expenses of loan applicants and the stability and longevity of all income sources which will be used to support a loan. …
… concluding …
… As people come to realise the effect of these new credit restrictions, FOMO will start to ease. Then 2022 will arrive with loss of Kiwis offshore, increasing house supply, plus even higher interest rates. The coming year for housing will look quite different to this one.