Macro Afternoon

By in Australian Dollar, Australian Shares

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See the latest Australian dollar analysis here:

Macro Afternoon

Quite a mixed session for Asian stock markets following the epic inflation print overnight in the US that is sure to stir risk markets everywhere as appreciating domestic currencies put a dampener on stock markets. The USD remains under pressure against everything although Bitcoin is still stalled at just over the $43K level but gold has held on to its overnight breakout, currently at last week’s intrasession high just below the $1830USD per ounce level, as buying support builds:

Mainland Chinese shares are pulling back sharply going into the close with the Shanghai Composite down 0.6% to 3572 points while the Hang Seng Index is having a pause after its recent surge, currently treading water at 24421 points. Japanese markets however are selling off in response to Yen appreciation following the US inflation print with the Nikkei 225 closing 0.8% lower at 28521 points as the USDJPY pair struggles to find a bottom here at the mid 114 level:

Australian stocks were the relative best performers in the region with the ASX200 closing 0.4% higher at 7472 points while the Australian dollar advanced even further on its big overnight surge, threatening the 73 handle as it turns this breakout into a new monthly high:

Eurostoxx and Wall Street futures are tracking sideways going into the London open, with the S&P500 four hourly chart showing price needing to stay above the previous weekly intrasession highs at the 4700 point level or support will evaporate for another dip:

The economic calendar is US centric again with the latest weekly initial jobless claims print with a series of speeches by Federal Reserve members.

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Comments

    • ErmingtonPlumbingMEMBER

      Is your daughter old enough to baby sit in a few years time?
      If so that will give you access to their house to exact your revenge.
      😉

    • skippyMEMBER

      Just because others wish to tend ***their garden*** as is their want, and it upsets your personal sensibilities, says more about you than them and on top of it that they breed is offensive too boot.

      Move away from all of humanity might help or not in your circumstances …. you’ll cry one way or another because the universe did not deliver unto you and you need it …

      • skippyMEMBER

        lmmaso [email protected] at the mouth responses …

        Key factors include person in question having a moment about noise, no mention of counsel regs, just personal observations based on individual feelings and not community standards, person in question has a noise tolerance of keyboard clicks unless doing some light gardening on their own time, hence contra the old hard ozzy battler that can hack out a living in the bush and deal with all it throws at you … it seems a bit weak and suookie … lmmao get him on a horse and start mustering cattle … suburbanites groan …

        • The Travelling PhantomMEMBER

          Da fark you on about bloke?
          Share info and opinions but don’t attack people..
          Play the ball Skippy not the player, and use that big brain of yours that you claim to UNDERSTAND

          • SnappedUpSavvyMEMBER

            Have you noticed he doesn’t post like a spastic on naked capitalist, why are we so special 😀

          • The Travelling PhantomMEMBER

            ^^ cause we don’t buy he’s very special!
            And lol every week he has a night like this
            I’m sure its the nurse’s night off and no one to remind him to take the chill tablets

        • skippyMEMBER

          Ohh look at the groupthink tribalism have a vibration and not consider what was said or its facts … flaccid bloke with cognitive issues by you all ascribe … so romantic …

    • boomengineeringMEMBER

      Since living here for 15yrs the place door has had numerous owners. You guessed it.
      Originally a bulldozer job but the first owners of 15 yrs ago (Chinese) did a pretty up band aid Reno. The next (Pommie guy ) extended the rear in the same misalignment bringing the eaves onto the fenceline. The next (Pommie single mum) reno’s plus granny flat and plumbing, elect. The next (Russian) put double story above asbestos roof with beams suitable for a bridge with pillars outside next to fence and packed every small room and space full of tennants of all description. She died now the Armenians are pulling the ceiling and roof down to vastly increase the height below the steel beams and removing the tiny backpacker bedrooms.
      A fortune spent on something that was a demolition candidate.

    • Mining BoganMEMBER

      Oh dear, now they’ll have go buy a giant Audi SUV. There baby deserves it.

      You ready to live next to an Audi owner?

          • skippyMEMBER

            Naw but the spastic level is pre rapture … so many ideologues having their world views challenge and blame everyone else but their part in all of it … lmmao I’m all good … its a treat to see them all vibrate out of ignorance …

  2. Hugh PavletichMEMBER

    Omicron Update …

    International data agrees … Dr John Campbell … Youtube

    https://www.youtube.com/watch?v=TrVGymR-jFU&t=1s

    Unvaccinated and Omicron – Study from California (Preprint) … Drbeen Medical Lectures … Youtube

    https://www.youtube.com/watch?v=D0gWB9M8538

    Xian is not the exception – It is the norm … Digging for China

    https://www.youtube.com/watch?v=b5GXX_xTTx4

    China Finds Omicron in Another Port City, Further Threatening Supply Chains … Bloomberg

    https://www.bloomberg.com/news/articles/2022-01-13/omicron-spreads-to-second-chinese-port-city-companies-affected?srnd=premium-asia

          • RobotSensei

            It’s funny that the LMNOPQ brigade on here keep pushing all the fringe science stuff but rally behind the credentials of someone who suits their agenda.

          • Muttafukaburrasaurus.MEMBER

            No doubt he’s legit, there is a lot more room for persons with different opinions in science.
            Which is strangely not the case in the main stream society, pop media or politics ?

      • skippyMEMBER

        Categorical error to conflate the vax vax vax corporate strategy failures as indicative of the well worn established multilayered response to such events which are backed by historical facts. It was only after the aforementioned took control of public health policies that things started to go down hill, but in reconciling that feature one has to acknowledge the decades of neoliberalism that front ran the whole thing, which diminished both the state and private sector in dealing with an expected fat tail event.

        Hugh cant understand that bringing corporatism in to family formation RE by making it a ATM and financial asset is still befuddled, so the developer battle cry is make the land cheaper, not they don’t build in areas that cant support it or are a burden on infrastructure, land bank it, never the less the godfather of it all was Friedman/Stigler back in the day as bought and payed propagandists for the developer lobby and used their academic credentials to burnish it.

        M is that you Phil?

      • ErmingtonPlumbingMEMBER

        It’s good to see someone other than Skippy singing the same tune.
        But no I haven’t read it or his “never let a crisis go to waste” yet.
        But I’d like to.
        I have (Thanks to Skip) consumed every word uttered by Mirowski that I could find on YouTube though.
        I suppose that’ll earn me a sigh from Skip too.
        He reckons ya gotta read through all the hard stuff.
        Who’s got time for that!

          • skippyMEMBER

            But Libertarians love them some robber barons and oligarchs aka successful Entrepreneurs[tm] …

        • skippyMEMBER

          This trenchant study analyzes the rise and decline in the quality and format of science in America since World War II.

          During the Cold War, the U.S. government amply funded basic research in science and medicine. Starting in the 1980s, however, this support began to decline and for-profit corporations became the largest funders of research. Philip Mirowski argues that a powerful neoliberal ideology promoted a radically different view of knowledge and discovery: the fruits of scientific investigation are not a public good that should be freely available to all, but are commodities that could be monetized.

          Consequently, patent and intellectual property laws were greatly strengthened, universities demanded patents on the discoveries of their faculty, information sharing among researchers was impeded, and the line between universities and corporations began to blur. At the same time, corporations shed their in-house research laboratories, contracting with independent firms both in the States and abroad to supply new products. Among such firms were AT&T and IBM, whose outstanding research laboratories during much of the twentieth century produced Nobel Prize-winning work in chemistry and physics, ranging from the transistor to superconductivity.

          Science-Mart offers a provocative, learned, and timely critique, of interest to anyone concerned that American science–once the envy of the world–must be more than just another way to make money.

          https://www.goodreads.com/book/show/10160571-science-mart

          OK EP so the first sentence is pivotal and lays the foundations to how – we – got to this place and how its so socially dis-functional – destroying capital. The critical issue is the role the state plays in both social formation and its function as a bargaining table for all parties of said social construct e.g. bargaining power in negotiations i.e. in the U.S. case see SCOTUS citizens united aka corporations and not voters means the political system does not respond to anyone else other than the money classes. Best part of all this is the libertarian aspect was funded by the same sorts, liberals joined the party with Bill Clinton, Blair, and in our own case Keating.

        • skippyMEMBER

          Who has the time to be informed before voting when that day suxasslong and one just wants escape the media offers … Bernays wins … you get told what to want to offset irrational fears instilled by advertising … after your told your not good enough for the market and the market is never wrong …

          • ErmingtonPlumbingMEMBER

            What difference does being a more fully informed voter really make when you don’t really live in a democracy.

          • skippyMEMBER

            Did you miss the class where various notions of democracy where discussed and there was not one form of it – ????

          • Muttafukaburrasaurus.MEMBER

            Ideally the AEC (impartial entity) would have a website that could show how a ballot cast with candidates in order; would play out in the preferential voting system.
            Anyone good at coding ?

    • TailorTrashMEMBER

      Further down on that ……a good line

      “ I’m confused. Do we report when we test positive to a rapid test, or do we report when we find one?”

  5. TheRedEconomistMEMBER

    Nice remix of a Billy Joel Classic.

    https://youtu.be/EuXyyD1aJOM

    Meanwhile the front page of the Tele has a exclusive with ex NRL footballer Craig Field getting out of jail.

    The Libs and their Murdoch mates going full smokescreen.

    • RobotSensei

      Meanwhile the front page of the Tele has a exclusive with ex NRL footballer Craig Field getting out of jail.
      Well that’s the Sydney readership locked down, the rest of the country are going “who’s that?”

      • TheRedEconomistMEMBER

        The moral of the story is RoboSensai. we

        The country is in disarray with supply chain issues and the hospitals falling apart and then the Daily Tele release a story of footie player who has been picking up soap for the last 10 years.

        The editors of the Tele deserve a good old rogering with one of Ermo’s pipes and some barb wire.

    • ErmingtonPlumbingMEMBER

      Hey!,…Ermo’s not in the South west mate.
      We are on the Northern bank of the Parramatta river.
      That makes us North Shore ya Pleb.

      Where abouts are you situated in the world Phantom?

      • The Travelling PhantomMEMBER

        Dandenong Ranges in Victoria,
        I apologise to mislocate you,
        Still impressive line of tenants fighting over a rental, must be Reusa’s house

  9. Arthur Schopenhauer

    Went for a Kayak from St Kilda up to Middle Park and back.

    No traffic at peak hour. Like the Melbourne of old.

    (Don’t call it a Lockdown)

    Edit: Taking Boomer’s advice.

  11. Arthur Schopenhauer

    According to ABC Breakfast News, NSW MPs are getting 20 free Rapid Antigen Tests a week.

    Sucks to be a pleb eh?