See the latest Australian dollar analysis here:
Asian share markets are quite mixed as we start another trading week, absorbing the very unsettling finish on Wall Street on Friday night. Currency markets are also clawing back more ground against USD as the Australian dollar firms above the 71 level to make a new weekly high. Oil prices are stabilising with Brent crude now hovering just above the $113USD per barrel level while gold is trying to build on its recent gains, currently lifting at the $1853USD per ounce level:

Mainland Chinese share markets were doing well at the start of the session but the Shanghai Composite has pulled back to close dead flat at 3146 points while the Hang Seng Index has pulled back most of its previous gains, down 1.3% at 20435 points. Japanese stock markets are the only non losers it seems, with the Nikkei 225 index gaining just below 1% to close at 27001 points while the USDJPY pair has failed to breakout following the weekend gap, currently just below the 128 level as Yen defensive buying has not yet abated:

Australian stocks shot out of the gate at the open but have pulled back to close with a scratch sesison with the ASX200 finishing only 3 points higher at 7148 points, keeping the key 7000 point support level intact for now. Meanwhile the Australian dollar has kept shooting out the gate with a breach of the 71 handle to make a new weekly high as traders react kindly to an Albo-Greenwave:

Eurostoxx and Wall Street futures are up slightly as we head into the European open with the S&P500 four hourly chart showing price still anchored well below the 4000 point level although a swing trade is possibly brewing here as momentum inverts:

The economic calendar starts the week with the German IFO survey and not much else on the agenda.
- Macro Afternoon - July 1, 2022
- Macro Morning - July 1, 2022
- Macro Afternoon - June 30, 2022
So good to get rid of the bulldozer.
Well done for dismantling it fellow citizens
What can it be recycled as or is it beyond that point?
It’s rusty, filthy and deranged…
Beyond repair!
It is a good feeling. Whatever Labor does that I don’t agree with (and there will be lots) it will all pale compared to the devisating distopian destruction that a returned Scummo government would have brought.
We all have short term memories and will be bitching about Labour in short order.
Good move by Albo, I won’t trust that guy too
https://www.news.com.au/national/politics/anthony-albanese-confirms-hes-moving-to-dump-australias-top-public-servant-phil-gaetjens/news-story/436025fc2bddca5cb3d85dc463c63796
Ah, c’mon, he was simply trying to spare the public the details. Like every good
PublicLNP Servant should.So immediately the unemployment rate goes up.
When done Albo…..
What’s the connection?
There is a lot of filth that should be removed. The last 9 years of the Libs have stacked a lot of the government with their stooges.
The Administrative Appeals Tribunal, Fair Work Australia, ABC board all come to mind….
I also grew up in inner Sydney in the 70s and lived in council housing (including Camperdown like our new PM). Today I finally feel like I can breathe again.
The air has been so toxic since 1997, a suffocating atmosphere of greed and smugness….god I actually feel lighter and genuinely more positive about Australia and my fellow Australians today.
Its going to take a while to break that suffocating atmosphere of greed and smugness down. It is inherent with the real estate economy …………. and don’t forget Labor support that sh!t too
Crypto is based on nothing use proper money
https://twitter.com/cjoye/status/1528514730079715328
Looks like Deakin is going to the LNP, so the ALP have 76 at best. If Lyon flips to the LNP then ALP will only have 75.Baseball bats at Sussex Street head quarter?
Please no, I was hoping Sukkar was out.
😬😵💫 he’s like unflushable poo
Still there’s hope to flush the füčķ out
And Tudge kept his seat in Bayswater:/
Yep, off to a great start.
Frankly, I think this is the best case scenario. The ALP have not been given a mandate to govern, but merely a license.
If they lose even one percent of their primary vote, they’ll spend another decade in wilderness.
So, yeah, I dare them to fcuk around with public patience.
I’m making an early call here that both ALP and LNP will have first preferences with a 2 handle at the next election. I think The People are starting to realise that there are other options beside the two big parties, and those options can look pretty good. This is A Glorious Thing indeed.
Selecting Dutto as the new leader will only result in the remaining LNP fruitloops convincing themselves that the secret to future electoral success is for them to go more hard-line right and more misogynistic.
Scomo, Angus, Dutton et all have so thoroughly fcked up the LNP that unless huge changes are made its possible they may not be considered a major party after the 2025 election.
It’s weird but I am now hoping the LNP win the close ones. Shame Sukkar is the beneficiary.
Albo should go hard ball, try to get the fed ICAC up in next few weeks, have any Libs in a marginal seat with some dirt referred quick sticks, convicted/premeptively booted out with by-elections held to bump up Labor numbers while the mood was still favourable.
Good call
Dutton has some very questionable deals under his belt particularly around offshore processing contracts. His days could well be numbered. Enjoyed Macgowan putting the boots in and also not letting the press off the hook
““The press conferences I went to [with Anthony], they were screaming and interrupting and rude and insulting, intimidating and bullying,” he said.
“Sort of stuff that in the workplace, you get sacked for. They need to reflect on their behaviour, I’ve never seen anything like it.”.
https://www.theage.com.au/politics/federal/mcgowan-launches-post-election-spray-attacking-peter-dutton-liberals-clive-palmer-and-press-20220523-p5anqo.html
+1 for quick sticks, not used enough (like strides).
NO, this is not the way to go. Using a body like that would justify the LNP to stack it themselves and if the public are to respect it, it needs to be above board and not operate on a political level.
Bennelong is still to close to call.
https://tallyroom.aec.gov.au/HouseDivisionPage-27966-105.htm
That’s interesting because the ABC have already called it for the ALP.
https://www.abc.net.au/news/elections/federal/2022/guide/benn
I really want us to get Bennelong,…not just because it’s my federal electorate but also because it’ll really p!ss off the 2/3rds of my drinking buddies who vote liberal and think Bennelong belongs in Liberal hands because it’s the rodents old seat.
If Bennelong falls, that would be 4 seats of former PMs to fall at this election.
Geez Ermo, the Liberal World is really tanking. Members who below to a bowls club; the Libs really are scraping the bottom, whatever happened to yacht clubs, are you too far from the water (isn’t there a sewer nearby)?
Oh please let them have a minority.
The decision to parachute KK into a hot LZ will haunt those arrogant dogs for years to come.
Must admit that was a highlight. KK for a western seat was so arrogant. It is a reminder that Labor is unlikely to be our savior.
The call for a strong ICAC is to be commended, but Labor should be careful what they wish for.
This is who the Shoppies backed for the senate over KK.
https://en.m.wikipedia.org/wiki/Deborah_O'Neill
Deb who?
At least she has Rosaries in her handbag.
Is someone messing with the bond market with the Fed ready for the start of QT ?
https://twitter.com/EddBolingbroke/status/1526892159043096579
Can this be pinned on labor ?
Never mastered an Alvey ……egg beater man myself……but another little bit old straya dies
Dear Alvey Supporters,
After announcing in 2019 that Alvey Reels was going into its centenary year of 2020 with a bright outlook and emerging global markets, Alvey Reels has seen significant export market growth, product innovation and expansion. The ability to source raw materials together with drastic cost increases, significant and increasing domestic and global supply chain logistics issues, and coupled with Covid 19 disruptive staff shortages, Alvey Reels has made the difficult decision that production at the Carole Park facility is no longer sustainable, and to cease manufacturing effective 30th June 2022.
We are currently sitting on significant supplies across our whole range of Alvey products, and as such, there will be structured sell down of ALL our stock. We anticipate running with Warehouse/Dispatch and Administration staff with current stock on hand, which will carry us through to January/February 2023, but we will not be able to remain open after this time. Effective immediately to assist our administration team, the Alvey phones will be diverted to an answering service and all calls will be monitored and returned during each day.
Any Alvey products including spare parts, can be ordered online at http://www.alvey.com.au and any queries can be emailed to [email protected]. All Alvey authorised retailers can while stocks last, order Alvey products, but Alvey spare parts can only be purchased from Alvey online or preferably from Tackleland Sandgate or Charlton’s Fishing.
We at Alvey Reels deeply regret this difficult decision, and whilst we commit to supplying as many of our products as we can for as long as we can, our immediate priorities are our loyal staff, our dedicated retailers and passionate supporters and customers.
On behalf of the Alvey Team, we thank you all for your 102 years of support.
Kind Regards,
Con Athans and the Alvey Team
That’s really sad.
Spewin. Only just got around to buying my first Alvey last year and have been eyeing of a surf combo, better get onto it before they sell out and disappear, again.
Editorial from the Daily Piscean 23/5/22 headline: Fish across Australia rejoice – Another manufacturer of barbaric tools of murder falls in the ongoing battle for salt and fresh-water freedom.
Guilty yer honour ….I’m a serial killer
Wow… That is a “canary in a coal mine” style indicator about the economy…. It’s really sad to think about the skills that are going to waste and the domestic and mental health issues that will follow.
Frydenturd has had his Portillo moment
A dilemma……..
https://www.abc.net.au/news/2022-05-23/indonesia-summons-britains-envoy-over-rainbow-flag/101092934
I don’t think they’ll run a plebiscite on same sex marriage soon
They run ’em off the top of buildings like in some other peaceful nations?
Not that there is anything wrong wth that!
Does the building have to be of high altitude?
It’s not proper for a Privileged wh!te male Colonialist oppressor to ask such questions Phantom.
It was very Patriarchal, islamophobic and Wh!te Supremacist of you.
Please stop and get Woke bro.
^^ Not sure how to overcome all what you described i’m suffering as I’m not big fan of woke food , not big fan of stirr fried veggies or meat
^^you didn’t go camping long enough, take another week off.
You should be able to manage it I reckon.
Keep the alphabetti spagetti flag and ditch the Empire of Evil Union Jack. Keep the ladyboys n send the Huns home like they did the Blandat!
So what’s the chance a war with China happening and people rush to vote in the tough hawk strong potatoe head?
Conservatives get us into wars, Labor gets us through them and out the other side.
Timing is all wrong.
There won’t be a war anytime soon unless the Chinese try to sink Taiwan.
What core values would they be, Gussyboy?
https://www.abc.net.au/news/2022-05-23/angus-taylor-liberal-party-core-values/101092970
Jazz on the parliament desks
I hold the hose, mate.
About $80m worth compliments of Barnaby?
Well as a start, how about overt and poorly executed white collar crime in the form of misuse of public funds for personal gain? I could go on and on.
https://www.theage.com.au/politics/federal/nationals-could-break-away-labor-s-election-win-spurs-more-coalition-climate-wars-20220523-p5ansj.html
Seems a divorce in the making..no more coalition???
Never gonna happen. On their own they’re both powerless.
Hey, there used to be the Anti-Socialist Party here in Ye Olde Times. Maybe Barnyard could rejig that like Clive gave a rebirth to the UAP.
You might be right, but the election opened the door for a big shift in the political topography, things are definitely changing
I wonder about that. If the Libs ran candidates in Nationals seats they would pick up quite a few of them because they would generally get ALP preferences. Plus the voters in those candidates who love pork would realises that the Nats can’t get that for them any more.
Nah – Team Dutton, Ruston and Barnaby – a marriage made somewhere. Sky after Dark will love it.
https://www.theguardian.com/australia-news/2022/may/23/stoking-fear-and-hatred-held-the-coalition-in-power-finally-australia-had-enough
He’s about right. What he doesn’t mention is the role of the corrupt corporate media in making these outcome happen in the face of actual community sentiment and views.
From Mr Avid…the Kiwi govt is raising the price cap for first home owner grants in Auckland from $625k to $875k.
https://twitter.com/AvidCommentator/status/1528688260465442816
Anyone know what sort of pay cut Barnaby’s looking at?
At least 50% I think.
More “Best Bloke Award” payments from Gina coming up then?
No more $600k bribes/payments for some texted in field reports 🙁 – to cover the expenses of setting up house with new girl friend. And to make up for loss of party leader top-ups.
He might have to contact the food bank with all those mouths to feed. Haha. Couldn’t happen to a nicer grub.
Not enough by all accounts from last time when he ended up as just a plain backbencher.
Alaxander Downer is going on Q&A tonight.
He’s got Quite the family history,
https://twitter.com/rickwatt9/status/1528591366099329030?s=21&t=BfQ9r9uabn8eGzXnjyRlYg
Why do they keep dragging this pompous fat fck up again and again ?.
Just let the fcker die for pity’s sake. He is a relic from last millennium
United States …
More Evidence That Young Americans Are Not Attracted to Dense Cities … Samuel J. Abrams … AEI / New Geography
https://www.newgeography.com/content/007455-more-evidence-that-young-americans-are-not-attracted-dense-cities
As COVID-19 restrictions lift and cities attempt to stem the population and commercial losses they have sustained over the past two years, many urbanists are still banking that the historic, well-documented trend of young adults flocking to big cities—for careers, social lives, and cultural amenities—will continue and be instrumental in renewing and reviving urban centers. While city leaders, pundits, and various urban stakeholders alike want younger cohorts of Americans to return to cities, survey research has repeatedly documented that these critically important younger Americans actually show greater interest in suburban life than dense city living, though this fact is not being treated as seriously as it should.
Thanks to YouGov, we have more data on attitudes about cities from younger cohorts and now know that despite oft-cited virtues of public transit and lower congestion rates, positive environmental impacts, and purportedly lower crime levels, younger Americans are not sold on high-density city living. Specifically, YouGov asked a national sample of adults whether they believe it is better for the environment if houses are built closer together or farther apart. Three-quarters (75 percent) of all Americans agreed with the statement that building homes farther apart is better for the environment. While the rationales for this conclusion were not asked, they could be everything from seeing the importance of more trees and green spaces to perceptions of high energy costs for big city buildings. … read more via hyperlink above …
Surge in remote working a big deal for college towns like Knoxville and Athens … Opinion | Conor Sen … Bloomberg / The Real Deal
https://therealdeal.com/2022/05/22/surge-in-remote-working-a-big-deal-for-college-towns-like-knoxville-and-athens/
Americans Leaving Older Cities for Greener Pastures … Gary Hoover … American Business History Center
https://americanbusinesshistory.org/americans-leaving-older-cities-for-greener-pastures/
… via Tory Gattis’s Houston Strategies blog … http://houstonstrategies.blogspot.com/