See the latest Australian dollar analysis here:
Asian stock markets are bouncing back although mainland Chinese markets remain under pressure with risk sentiment rebounding on European markets. The Australian dollar has continued to selloff, still holding barely at the 74 cent level versus USD, while the USDJPY pair makes a two decade high. Oil markets are trying to stabilise with both markers now back above the critical $100USD per barrel level after a near 6% rise overnight, while gold continues to push higher, now at $1970USD per ounce. Bitcoin has crumbled once again, now pushing below the $40K level and looking to break for a new monthly low:

Mainland Chinese share markets remain unsettled with the Shanghai Composite falling 0.4% to 3200 points while the Hang Seng Index has managed a scratch session to finish at 21302 points. Japanese stock markets however are putting in a big bounce after lots of selling recently with the Nikkei 225 closing nearly 2% higher at 26843 points while the USDJPY pair has also broken out yet again, now at a two decade high above the 126 handle:

Australian stocks were able to put in a mild jump, with the ASX200 closing 0.4% higher at 7479 points, still remaining well below the key 7500 point level, while the Australian dollar has continued to pullback its nascent breakout from last night, now almost gone as it remains anchored at the 74 handle:

Eurostoxx and Wall Street futures are lifting higher with the latter doing better, up 0.7% with the S&P500 four hourly chart still vainly looking to make a bottom pattern here. The 4500 point level is now a distant memory as price retraces back down to monthly support with momentum remaining oversold and ready to keep going down:

The economic calendar includes UK core inflation and US PPI prints.
- Macro Afternoon - July 6, 2022
- Australian dollar collapses under commodity crash - July 6, 2022
- Macro Morning - July 6, 2022
OH sh!t
FIRST
Imagine if Australia was as prepared as Finland?
https://www.youtube.com/watch?v=bwK1l56l9UQ
Discussed around 9 mins mark.
You really have it bad gav … whats the go with that – ???? – some sort of PDS thingy ….
P.S. its just another case of watching someone go pop over something that otherwise would be rational …
Lol, kettle pot black.
About what gav, I pointed out the flaws of Trump contra the breathers beliefs of draining the swamp shtick. What if Putin is Russia’s FDR and an anti globalist davos man – ???? – you know everything people like you wobble on about otherwise.
You’re conflating things and making assumptions about my stance on things. I’m pointing out that Finland is a country that clearly hopes for the best but prepares for the worst. Having been invaded once they have never forgotten the fact that you can never be too prepared for a bad actor next door. So they have massive fuel supplies, food storage, commander centres under 25m of granite etc..
Now contrast that mentality with Australia’s where we have about a week supply of fuel in reserve and would be completely unprepared for an invasion etc.
Our politicians and leaders are too short term thinking. It’s a bit like trying to get healthy once you’ve had your first heart attack rather than living a healthy lifestyle to prevent ever having said heart attack. Make sense?
Naw mate you said Putin should be taken out regardless of everything in the lead up. That you don’t know that stuff is not an excuse.
Putin should be taken out and I stand by it, he’s responsible for the suffering of many many people, poisons opponents or has them bumped off, and threatening the world with nuclear war. What part of Putin is redeemable to you? Or are you just trying to start a sh!t fight like usual?
You a putin supporter skip?
Hilarious guys … seriously …
What part have you missed after 2014 alone and the endless suffering caused by far right groups against the Dombas regions by shelling and all supported by NATO/U.S. Now lets highlight how the Ukraine was the most corrupt nation for thousands of miles as the wind blows, defaulted to Russia on billions, steals gas, IMF won’t even touch it, largest exporter of surrogate kids, largest supplier of female sex trade to the west, or basically a Libertarian wet dream and at the end of the day did everything possible to force Russia hand after the comments about joining NATO and nukes publicly.
Going to be interesting to see what kinda international party they were having in the steel works and how that all plays out …
Hey bloke, you don’t even know rations!
I am a huge fan of comedy … but in your case … I can only ascribe the underlining meaning of the punch line … ***The Aristocrats***
See. You don’t!
Adam Bandt is actually quite impressive
https://www.youtube.com/watch?v=BCgn1GUwocA
The sad thing is that most politicians are actually better than we make them out to be. The problem is that the reporting around them, and lazy commentary deriding them for the party they are associated with and our lazy take on that party. We view and discuss it like wrestling instead of politics. Heroes and villains based on the news cycle and below par opinion pieces. The general tenor around politics is a race to the bottom, and not in the fun way that a night out can end in the gutter with a bunch of people you’ve never met before.
Hmm, cite a data source for that assertion?
I’m hardly going to recount a night like that on a forum like this. I will say that time and space were rather variable and dragons are far friendlier than you’d think.
You do have epic nights out footsie 🙂
More seriously, I’ve had occasional dealings and have anecdata from others. The current system incentivises poor behavior and not always the best candidates. However they are generally more capable than they come across as. Yet it’s a race to the bottom in so many aspects. Unfortunately the general population suffers most. That’s why I don’t really have a beef with the players but the game, including the media. Clean that up and the riff raff that end up hanging around the neighborhood end up shifting elsewhere.
It’s just Angus Taylor giving everybody else a bad name.
On the few and brief occasions when I’ve had anything to do with the breed, I am astounded at how hard they work. Wouldn’t touch it for quids.
Definitely. The loss of privacy and the over reaction to everything would drive me batty. you need a sincere drive, a view if it as a stepping stone, or a personality disorder to even consider it.
File under politicians in the neoliberal epoch … BTW did you see that Gridiron club thingy in the states … whooboy …
Hey bloke. You don’t even go to good clubs!!
Gonna surprise the fk out of you when you finally cross paths at one :’-)
How absurdly ridiculous for a bunch of wankers to attend a elite social event to show the unwashed the coast is clear and then a big slice of them get infected, and then go for walkies at more events after they start dropping like fly’s.
https://twitter.com/brooklyncybele/status/1513209638057095175
Clubs lmmao … your an Australian and would not be allowed in many of the clubs I attended back in the day as a provincial backwater curiosity, you could work on the yacht, at the club, golf or ski resort, but never ever be a member …
Lmmaso your genealogy is nothing more than a pack of criminals sent to Australia for stealing others property by the Crown, defectives had to be exported to harvest the untapped resources of the new commonwealth for the good of the empire.
What is wrong with you man, serve your betters and be thankful for their graces …
^^ Bet you never even been to the Blue Oyster!
Must be Australian so no, did tats for a bit but though I was in a black and white movie.
Yep. That’s what happens to Scomo. Media treats him badly but everyone I know thinks he is ace as!!
9/10 🙂
Lol.
This is doing the rounds on twitter: https://www.youtube.com/watch?v=WlaElJ6a-1s&ab_channel=ABCNews(Australia)
Good link except the bugaboo about the GFC being a RE loan drama when it was a broad credit risk event built on the coat tails of both deregulation and the funding/staffing of government regulatory agencies e.g. basically a private debt drama becuase freedom of contracts ideology.
built on China’s rigged exchange rate / bidding down global real rate of interest.
Sorry but wall st banks et al were handing out credit and commingling paper like a stampede or have you forgotten abused VaR, MERs, fake ratings, non compliant PSA trusts stuffed with defaults going out the door, et al, even when one could see and smell the smoke …
I joined the thread after watching the same clip.
The journo just had to double down, the first half was decent and if left at that, it would likely have shown a poorly thought out thought bubble which was ‘aiming for the stars’, bordering on economic vandalism.
The second point, rightful was a pissing contest over minutiae, as per what I said in regards to Albo.
Fark, we’re not taught to memorise Pi to 7 significant figures to show we know geometry, but how to apply it. Same vibe.
It is going to be a painful, low-information election indeed.
He certainly put the young dweeb from the AFR in his place.
I liked the bit where he beat the dweeb around the head with a baseball bat for asking stupid gotcha questions then answered said stupid gotcha question correctly anyway just to prove the point.
Very classy.
Looking forward to Jackie Lambies’s contribution.
I’m gonna vote Labor so I get the Greens.
reckon the way Beveridge dealt with that journalist should be the template moving forward.
Name them, state their position and allegiance, label their tactics, don’t dignify the question by answering it.
Alternatively for the gotcha questions say you’ll play their silly game and answer their question if they answer one straight afterwards. eg. last quarter EBITDA of employer? Effective tax rate of employer? ranking of journalists in eyes of public?
You can’t win the league in the first few rounds, but you can sure lose it.
Maybe they should have sent someone who can make decisions over there? Solomon Islands want RAMSI v.2.
https://www.abc.net.au/news/2022-04-13/pacific-minister-solomon-islands-china-security-deal/100989656
CNOOC pulling out of the West while it still can……………….property laws no longer any protection from pollies only your own military can do that now.
https://www.reuters.com/business/energy/exclusive-chinas-oil-champion-prepares-western-retreat-over-sanctions-fear-2022-04-13/
Russia’s current account surplus has doubled this quarter……would be interesting to see the handling of this river of gold ( and how much is in roubles in the end )
You’re just another commie apologist!
Hmmm. Not a hint of deescalation at the moment.
Will go on for years….denazification took 5 years at least in East Germany…….and that doesn’t take into account removing all nuclear capable missiles emplacements that threaten Russia…..don’t let your country get built up into a threat to Russia going forwards
Will have to install Telegram as they are getting serious in shutting down non-Western information sources…..of course they will shut that down as well in the 5 eyes + EU in time, this system the Oligarchs and the CIA have built up to control the public mood is going to bite them on the bum big time when it gets them into something they can’t control ( it already ran away a bit with them this time )
That’s cos they were inefficient commies; denazification in West Germany was far quicker ;-p
Operation paper clip …
Skips bang on the money.Don’t understand that there isn’t much talk about Operation Paperclip…aside from Bidens Lad and his little labs in the Ukraine…
Didn’t some of them just change into Stasi uniforms in 1946? That’s pretty efficient!
How are we gonna de-nazify Russia is the real question.
“don’t let your country get built up into a threat to Russia going forwards”. Russias only (and sizeable) threat is nukes. They’ve miscalculated catastrophically militarily in Ukraine and by throwing what’s left of their younger male demographic into unwinnable war they’ve weakened themselves militarily for years.
That is the question.
Wonder if this is the first of many? Certainly likely be some more with military links, or is it just that they can’t handler the regulations? If lots of SOEs follow does that suggest they have a plan to do something that might cause sanctions against China?
Ooohhhh….the RAF flexing their muscle.
https://mobile.twitter.com/RoyalAirForce/status/1514157058064625667
Why didn’t we buy some of those nice eurofighters instead of the besser blocks that are never going to arrive?
Anybody out there know why we still need pilots? Is there some technology threatening them?
The RAAF need them to pick out the best barramundi to take back to Ken Behren from the NT.
No drone can do that.
To keep hostesses warm during lonely layovers?
Ok. I met a guy who was on the panel. And he was waxing lyrical about the F35s. They can do this, they can do that. And they can even do this and this and this and this and… and then he was tapped in the arm and told that he had said too much. It all came about because I asked “Why don’t we just buy Saabs? They’re cheaper to buy, more versatile, and have a greater operational capacity from what I understand.”The sales pitch we were sold was amazeballs. And who knows how much political pressure was applied to bankroll this boondoggle. So there you go. False promises and political pressure would be my best guess.
Saabs? LOLOLOL. Those cars have always looked sh1t! And Volvas? Oh man. Swedish balls are about the only good thing coming out of Sweden. America, though, is ace as!
haha you are on fire tonight.
Early Saabs were the safest cars on the planet … then it got taken over by GM
Actually SAABs were excellent. I’m sure you’ve shagged many teachers in a SAAB or Volvo the quintessential choice of transport for a high school teacher.
I have a factoid in my head that says that SAAB never once made a profit. Cannot be bothered googling, tho.
Agree, they were clever quirky little cars, looked like spaceships compared to the Holdens of the day.
OK I did google:
https://www.thelocal.se/20091125/23476/
which reminds me of this:
https://www.youtube.com/watch?v=cxDz0Z066NI
Tesla of the 80s.
https://youtu.be/BY-xA2w7JHQ
So the SAAB 4 cyl was half a Triumph V8….but the Triumph V8 was made by slapping two 4 cyls together??
https://driving.ca/auto-news/entertainment/triumphs-v8-the-worst-engine-ever-made
ps the Tesla angle is ridiculous, but still an interesting vid.
…subs cancelled
….drones cancelled
…..these frigates may be cancelled
Might be better for straya to buy its military kit off the shelf and spend all the wasted billions on putting in some defence support infrastructure ……like oil storage and refining etc ……
https://www.aspistrategist.org.au/hunter-class-frigates-wont-meet-the-rans-needs/
You make an excellent point TT.We need to have our own Refining assets.
Morrison’s boast , (he doesn’t have a policy) about recruiting the Army up to 80,000 troops in the next 10 years means that we will have the ability to put 16, 000 troops in the field. It takes at least 5 troops in support of each one on the front line.
Then when you allow for rotation of front line troops it means we can field about 10,000 at any given time.
No Subs, no patrol boats, no fighter aircraft.
It is a mirage
Just like his Federal ICAC nonpolicy .
What a real education export industry looks like ………comes without jobs picking up trollies at Woolies too…….
https://www.bbc.co.uk/news/business-60597999
Roy & HG interview Bob Hawke (Australian Prime Minister 1983–1991)
https://www.youtube.com/watch?v=R39plBXdRMg
5.7K shares!!!
https://www.dailymail.co.uk/news/article-10713901/Inside-Pauline-Hansons-election-plan-block-foreigners-buying-home-Australia.html
I’d support banning foreigners buying residential but not net zero immigration, coal power …
Kremlin Kracking?
https://www.dailymail.co.uk/news/article-10714319/Putin-arrests-man-invented-Putinism-purge-150-spy-chiefs-turns-inner-circle.html
https://www.youtube.com/watch?v=lzO7gIT5GYU – a look at Crimea over 2014-2019.. Worth watching for the Zoo Keepers sentiments at the end.
Yes, things don’t always pan out the way we expect.
Know Your Rights (Live) (Remastered)
https://www.youtube.com/watch?v=Y2w7OUtx45k
Numero uno right is not to be killed …
Buy now pay later ……later …..later ….I said later dammit !
https://www.news.com.au/finance/markets/australian-markets/australian-buy-now-pay-later-company-afterpay-suffers-345-million-loss/news-story/0b74a36a0b4e0dd18f6f06dc26b10547?amp
Mariupol has fallen?
https://www.abc.net.au/news/2022-04-13/ukrainian-troops-surrender-in-mariupol-says-russia/100990298
Not much of the city left anyway.
It’s probably the West’s fault. Somehow.
Hopefully Putin will want to parade them all as prisoners & they won’t be summarily executed.
UPDATE … Canada’s likely next Conservative Prime Minister Pierre Poilievre talks sense on the housing affordability issue …
Bank of Canada increases policy interest rate by 50 basis points, begins quantitative tightening … Bank of Canada
https://www.bankofcanada.ca/2022/04/fad-press-release-2022-04-13/
Spiraling housing prices are an ‘intergenerational injustice’, says Canada’s deputy PM … Leyland Cecco … The Guardian
https://www.theguardian.com/world/2022/apr/12/canada-housing-prices-chrystia-freeland
Chrystia Freeland, who also serves as the finance minister, says the issue is her top domestic concern amid affordability crisis … read more via hyperlink above …
Liveability in Canada’s Small Markets Eclipses Relative Affordability … Re/Max Canada … Yahoo Finance
https://finance.yahoo.com/news/liveability-canadas-small-markets-eclipses-100000450.html
RE/MAX Canada brokers and agents anticipate residential price growth across all small markets analyzed, with average increases ranging from three per cent up to 20 per cent in some areas
• Quality of life factors (or liveability) are drawing many Canadian homebuyers to small markets (40 per cent); followed by housing affordability (37 per cent)
• More than a quarter of people living in larger markets (28 per cent) would like to move to a smaller market in the next two years
• A quarter of Canadians (25 per cent), have received family support to purchase their first or current home; this number is consistent in large and small markets … read more via hyperlink above …
Pierre Poilievre on Twitter: “Big city gatekeepers …. VIDEO … Twitter
https://twitter.com/PierrePoilievre/status/1513493563425714185
… Earlier mid – March items …
Finance Committee to investigate housing bubble and other … Pierre Poilievre … Facebook
https://ne-np.facebook.com/PierrePoilievreMP/videos/breaking-finance-committee-to-investigate-housing-bubble-and-other-inflation/954134515528858/
The Finance Minister won’t say if Canada has a housing bubble. … Pierre Poilievre … Facebook
https://m.facebook.com/PierrePoilievreMP/videos/the-finance-minister-wont-say-if-canada-has-a-housing-bubble/1676673426008733/
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