Blogotariat

Frank Chung at News.com.au has published a startling report on the huge increase in migrants attempting to claim asylum. “As of July 31, there were 98,979 people whose protection visa application had been denied but were yet to be deported while 27,100 were awaiting a decision, according to the Department of Home Affairs”, Chung reported.

The post Proof Labor has failed dismally on immigration appeared first on MacroBusiness.

DXY is flopping around like a dead fish. AUD was rejected once, but looks ominous for a breakout. CNY is helping. Gold paused. Oil is stuffed. Metals meh. Big bear returned. EM to the moon! Junk is fine. Yields reversed a bit. Stocks ATH. US inflation is tomorrow, so that probably accounts for yields. There

The post Australian dollar roars to 66 cents appeared first on MacroBusiness.

Japan’s Prime Minister Shigeru Ishiba on Sunday announced that he will resign after less than a year in office. Ishiba’s tenure, which began last October, has been marked by significant electoral setbacks for his governing coalition.

Secretary of War Pete Hegseth and senior Pentagon officials made an unannounced visit to Puerto Rico on Monday. The Department of War has deployed a significant military force to the Caribbean as it prepares for more strikes against alleged Venezuelan cartels. 

The Russian Armed Forces outmatch Kiev’s army in both manpower and equipment, Ukrainian Commander-in-Chief Aleksandr Syrsky has said.

His remarks come after months of Ukrainian setbacks on the front lines and mounting struggles to replenish the ranks, with the country’s leader, Vladimir Zelensky, accused of dragging out peace efforts by insisting on Western-backed security guarantees.

New report finds a coordinated approach to electricity transmission and generation in WA's Pilbara region could save more than $30 billion over the next 25 years.

In the midst of France's political crisis, low trust in politics and politicians is creating fertile ground for fake news stories to spread. An anti-government campaign calling for a nationwide shutdown on September 10 is being pushed and manipulated by bots, likely controlled by a foreign entity. We take a closer look in this edition of Truth or Fake.

Proposal to help Pacific Islands gt to 100 pct renewables and slack crippling cost of diesel could form key part of partnership with Australia for UN climate conference.

Last week, the Albanese government announced that Australia’s permanent migrant intake would be maintained at the historically high level of 185,000. William Burke, founder of Sustainable Australia Party, argues that the permanent migrant intake is understated by at least 50,000 for the following reasons: “It does not count the annual permanent Humanitarian Program of around

I am bullish but not a buyer here. The Market Ear. “Overboughter” Gold continues exploding higher post the powerful break out of the triangle formation. Note RSI has been marginally higher once since “forever”. Source: LSEG Workspac Zooming out Gold weekly RSI at very overbought levels, but we have seen the shiny metal go into

The post Parabolic gold appeared first on MacroBusiness.

The thing about being a groveller is that you invite being bullied. China has accused Australia and Japan of prvoking tensions in the Asia-Pacific region after their foreign and defence ministers met in Tokyo days after Beijing staged its largest military parade in decades. In an editorial on Monday, the state-run China Daily said the

The post Time for another missile drill off Canberra appeared first on MacroBusiness.

The Westpac credit card tracker is better but not much. During the second part of August, the Tracker Index increased by almost 1 point to close the month at 138.5, which is near the upper end of the range that has been in place since April. The quarterly increase remains slow. Base effects from weather

The post Consumer plods on appeared first on MacroBusiness.

The ferrous complex is very confused as steel prices tumble while iron ore breaks out. The data flow ranges from soft to weak. The latest CISA data for the end of August cratered 8%. Inventories fell 4% so the equilibrium is in the middle. Steel output is down 3.1% year to date and still falling.

The post Iron ore butts ceiling again appeared first on MacroBusiness.