See the latest Australian dollar analysis here:
Asian stock markets are having a mixed restart after the Easter break with mainland and offshore Chinese markets remaining under pressure with risk sentiment also souring as European markets open. The Australian dollar has bounced back after its week’s long selloff, almost lifting back above the 74 cent level versus USD, while the USDJPY pair is bursting higher, having made another a two decade high. Oil markets are trying to stabilise after a surge at the start of the week that saw Brent lift above the $110USD per barrel level, while gold is vainly trying to push higher, almost ready to crack the $2000USD per ounce level:

Mainland Chinese share markets remain unsettled, with the Shanghai Composite scraping in with a scratch session to close at 3194 points while the Hang Seng Index has slumped again, falling more than 2% to finish at 20987 points. Japanese stock markets however are bouncing higher, lifted by a very weak Yen with the Nikkei 225 closing 0.6% higher at 26985 points while the USDJPY pair has also broken out yet again, now surging above the 128 handle:

Australian stocks were able to put in a good jumpstart to the truncated trading week with the ASX200 closing 0.5% higher at 7565 points, while the Australian dollar has bounced back after a long decline, currently pushing up towards the 74 handle in a classic swing long play:

Eurostoxx and Wall Street futures are retracing after being higher earlier with the S&P500 four hourly chart still vainly looking to make a bottom pattern here but finding a lot of overhead resistance as momentum remains oversold and ready to keep going down:

The economic calendar is pretty quiet tonight with US housing starts and a few peripheral Fed speeches.
- Macro Afternoon - July 6, 2022
- Australian dollar collapses under commodity crash - July 6, 2022
- Macro Morning - July 6, 2022
https://www.theage.com.au/world/asia/us-warns-that-china-s-soldiers-could-be-stationed-in-solomons-20220419-p5aeib.html
The US of A 🇺🇸
Is making a move
Thank fcuk for that ………….wouldn’t want all those Marines in Darwin to be out flanked ………..makes straya look piss weak
though ……..
Australia’s worst problem is the lack of a vision of what the country should and can be by its leadership..
Hence I think the yanks are intervening
I think it’s rather clever of the LNP.
Act like you are ignorant and let Big Brother clean up the mess.
After all they are the biggest owners ( investors ) and financial recipients of Australia Corpes
We could have them stationed in f••king Darwin for all we’d know. But, be happy to know that Woes Me, I’m Battling Depression On A Big Pile Of Money corrupt LNP f••ktard is doing just great, thanks for asking.
As skippy might say ….that needs unpacking ?………..
There’s a billy Joel song in every skip comment
Spunky can do this better than me
Keynes Hayek friedmann
Nicaragua unpacking
Sandinistas Chomsky
What else can I say
Buddhist monk
All aflame
Etc etc
We didn’t start the fire
Etc etc
Or a Jonny Cash song too!
Complexity befuddles some when reality is not black and white or goes A – B – C – et al …
Andrew Robb
What’s going on Frosti?
Sorry ….delayed synapses …….you were referring to fcuktard Robb ……totally agree …….
Give this man a cigar, he’s earned it!
https://www.9news.com.au/world/solomon-islands-china-sign-security-pact-despite-australia-us-efforts-to-intervene/cb5064f2-ea56-4adb-8547-4b1e131bf4e0
I feel safer under the LNP.
Troubles in Russian economy
https://www.news.com.au/finance/economy/world-economy/russia-battles-looming-default-as-country-faces-debt-crisis/news-story/2664beaed43f46b4c25111b19d62a93a
Easy, default and let Dog sort them out! That’s gonna throw a cat amongst the pigeons!
You don’t start a game of chicken if you’re not prepared to go >there<
Where’s >there and how< it'll look like is the big problem to decipher
First on one place, then, suddenly everywhere at once.
It’s like listening to a propagandhi epithet
All Russian assets in the West are already frozen, and it’s not like Putin can borrow anymore money from the West while he is alive. What is the downside to defaulting?
You are right, but whom are they going to default on, and how it’ll affect the others?
It will effect others by highlighting your assets are not safe in the Atlantic domain … so you might want to consider other options …
Stealing 300B large and talking out the side of ones mouth about some notion of a hard money default is setting up the pins …
Can you unpack that?
It’ll spook the markets. Though you’d think that it should have been considered a likely event once the sanctions started being implemented. Does it lead to other defaults and who are they going to hang out to dry should it trigger anything?
There’s a short history of booms and busts since the 1800s in Trade Wars are Class Wars. Even back then a South American country sneezing could give Europe a nasty cold. And even though there was money creation and speculation occurring it was nothing on what we’ve been seeing since 2008.
Does Russia defaulting effect China? That’d by my guess at the bad scenario. China is struggling with its property and omicron. However it’s still pulling a massive surplus due to collapsed internal demand. I’ve no idea. I’ll wait until Michael Pettis explains it all in a tweet thread.
It’s ok, China will start a war to distract the populace from internal problems. The problem is, they will invade Australia.
More youngsters having heart attacks,
Seems lots of people with broken hearts around,
https://www.theage.com.au/sport/cricket/former-australian-cricketer-ryan-campbell-suffers-heart-attack-at-london-playground-20220419-p5aeef.html
Youngsters in general = H A, the vacinations are working. Seen it all befote in the steroid faternity.
Who wins in a court case, solicitors.
Who wins between virus and patients , big pharma.
You can hear Rockefeller laughing from his grave.
There will be no court case, every country bought the Vax had to sign a waiver that there will be no legal liability on the manufacturer if anything goes wrong
Celebrity heart attack
Media amplification
ZOMG itz teh vaccines
Like Warney?
With Warney it was
Warne wasn’t exactly the exemplar of good health.
I hear they mounted a mirror on the inside of his casket lid.
What? … too soon?
Surprise surprise, 50 yo dies from a HA, gee, earth shattering!
FGS, speak to your GP, nothing new or unusual about that, except you’re now paying attention to something you wouldn’t have before.
>
Been trying to write your name in italic but that was the result
JohnR, s3xy pirate accountant at large, esq
It works with you, 🤔
There was a time, long ago, when these were valuable skills…….
The deal is done.
https://www.abc.net.au/news/2022-04-19/china-and-solomon-islands-sign-security-pact-says-chinese-foreig/101000530
ScoMo is the worse PM that Australia have ever elected.
Gimme my super you cnvts!
https://www.boatsales.com.au/boats/details/2022-beneteau-oceanis-38-1/OAG-AD-17872070/?Cr=4
With Chinese bases all over the ocean would they allow you to pass to go to Panama?
Might see if I can get one of those nice Collins class boats on the cheap 2nd hand and sneak out. I’ve always wanted to go to Iceland, should be able to sneak my way there.
Anyone know if I blew all my super on a boat (if I get it in about 20 years) and I live on it do I still get the pension?
You get a pretty good boat for a million.
Although I am also thinking about going the other way, buying an old, very ugly looking boat which is quite fast still (Adams steel?) and spending 50 on rigging/sails/engine/fitout/safety. So that it looks like not a target for pirates (especially s3xy pirate accountants).
Let’s just say you won’t wanna make a mistake on your tax return.
Also, if they are thinking about freeing the super to let idiots buy dogboxes, gimme mine now to buy a water kennel.
I’ll live in Croatia on a digital nomad visa.
Let’s hope a contingent of Chicken Stranglers is on their way from Perth to “talk some sense” into Mr. Songavare.
Chicken strangler?
https://en.wikipedia.org/wiki/Kill_the_chicken_to_scare_the_monkey
Ah, Chicago School Bernays thingy.
@Skip or @JohnR so hard to tell..
It’s a term used for the SASR both for their survival skills and for their use in “diplomatic affairs” as alluded to by Harry.
Had a flash of scomo on the telly tonight hammering Albo about …..”what it takes to run the country “
….post election ……
…I don’t run the country mate !…………ask the developers, the miners and the gas extractors ……
Veey srtong rumour, seems RBA will lift the interest rate in May
Damm you Phantom beat me by seconds
Have you ever contemplated entering racing competitions
because that’s all you need to win, seconds
That’s what his girlfriends say.
Oi! They always arrive before me! Most of the time!
Son of reus!
“Not toniight mes amis, I am scrolling commentaires-de-MB”
^^ you guessing wrong JohnR, she’s having a shower,
If you notice I’m posting in intervals
Come again?
Mes amours.
@haz you are showing your age
Just a broken old man.
A gentleman never goes out of style.
Phanny’s gonna give the wanger a granny bath.
It’s curtains for him.
Can you unpack that?
Depends what he’s packing.
Just put $25 on this on Betfair.
That’ll be worth about $12.50- todays money by the time that bet pays off
Rates will always be higher under “Labour” sic.
Banks need a buffer to coming bad loans. Simple
RBA to raise rates earlier than expected due to inflation rate.
Just before an election? They only did it once before and it took out John Howard. SkyNews says it’ll only happen in June.
Do you think they would they already have been raised if it wasn’t an election year?
And they would know as Murdoch would know.
Sorry Boom, didn’t know you were about to post
No worries.
Great news about rates as it means bcnich will be back.
It’ll be great having him back, his voice is missed for example his opinion about Ukraine war
What did he say about it?
I was impressed when he predicted another La Niña
^^He said there MIGHT be countries disappearing off the map
What would he say they will raise it by? Same as Canada & NZ?
Good thing we didn’t encourage people to take out but loans for buying houses during a pandemic and tell them rates would be low for 4 or so years. Lol.
@haroldus
https://mobile.twitter.com/ELuttwak/status/1516086048396222464
You all laughed at me when I said teh DM had decent reporting. I don’t think there is any rupertarian taint is there?
No, but they have their own weirdness, I forget what.
Their science reporting is very good too.
DM with the news
https://www.dailymail.co.uk/news/article-10731251/Ex-Kremlin-official-Gazprombank-vice-president-dead-gun-hand.html
whodunnit, him or the FSB?
https://www.bellingcat.com/news/2022/04/15/russias-qanon-followers-cant-make-up-their-minds-about-ukraine/
At least the rain didn’t stick around for to long.
It bloody came over quick though and caught me with a lot of stuff in the yard I didn’t want wet.
https://twitter.com/ermoplumber/status/1516380204662673408?s=21&t=MJ_hHTF7587xKq0MrlGIbw
Planned dawn patrol thawthed.
Getting s bit like those who wouldn’t enter the water when it rained in case they got wet.
It’s more annoyance at getting the boards on and of the roof and changing in the car park that makes the rain a surf stopper.
I happily suffered sore throats and ear infections surfing Curl Curl before the deep ocean sewerage outfalls were installed.
Yep we did didn’t we
Surfed Deadmans by my myself for over 20 yrs near the outfall pipe, something to behold blind mullets and modess pads floating past with the 250mm thick throth.