Blogotariat

The Market EAr with mwhahaha… Fighting with the 200 day NVDA is trading right on the 200 day moving average as of writing. Massive moves, especially if you consider the changes in market cap. This is not how strong leaders behave… Refinitiv Can SPX “dismiss” NVDA? Is this the most important gap out there? Refinitiv

The post AI smoked appeared first on MacroBusiness.

Opposition leader Peter Dutton has promised to take moderate action to curb housing demand in a bid to make homes more affordable for Australians. Dutton has already pledged to reduce the permanent migrant intake by 25% to 140,000 for the Coalition’s first two years. Peter Dutton has also promised a two-year ban on foreign investors

The post Dutton takes aim at housing demand side appeared first on MacroBusiness.

Wednesday’s Q4 CPI release from the Australian Bureau of Statistics (ABS) has increased pressure on the Reserve Bank of Australia (RBA) to cut the official cash rate. The headline CPI rose by 0.2% in Q4 2024 and the annual rate fell to 2.4% (i.e., around the middle of the RBA’s target band). The policy-relevant trimmed

The post Pressure builds on RBA to cut rates appeared first on MacroBusiness.

DXY is back. AUD is buggered again. But auld lead boots got Deepsuckered. The oil pop was specs. Dirt dead cat. Mining meh. EM meh. Junk thinks it can. Bear flattener! Stocks no likee. The Fed has pivoted again. Federal Reserve Chair Jerome Powell said officials are not in a rush to lower interest rates,

The post Australian dollar shredded as Fed hawks fly appeared first on MacroBusiness.

KPMG Australia is upbeat about the outlook for the housing market in 2025, spurred on by expected interest rate cuts. The firm expects house prices in Sydney to rise by 3.3% this year, followed by 7.8% growth in 2026. Prices in Melbourne are forecast to rise by 3.5% in 2025 and 6% in the following

The post Aussie house prices tipped to soar after rate cuts appeared first on MacroBusiness.

Irish smart grid technology company says it has confirmed its position as the leading provider of ‘very fast’ FCAS in Australia’s main grid.

Swan Bay, first light     AUD/USD     EUR/USD     USD/JPY     GBP/USD     Gold     West Texas Intermediate     Brent     Australia 200     US S&P 500     UK 100     Japan 225  

The post Macro Afternoon: 29 January 2025 appeared first on MacroBusiness.

Major pumped hydro project Snowy 2.0 is delayed again, this time due to worker safety concerns.

There is broad agreement that Australia’s energy market governance is not fit for purpose. This means Australians are bearing the unnecessary cost of delays. 

EnergyCo has picked Transgrid to run the Hunter Transmission project, a new high voltage line connecting two NSW coal-turned-battery hubs.

The superannuation guarantee is scheduled to increase to 12% in July, and Assistant Treasurer Stephen Jones says the federal government has no plans to expand it further. However, Labor’s national platform in 2023 included setting a ‘pathway’ to increasing the super guarantee to 15% once the initial target of 12% was reached. Jones says the

The post Labor right to axe 15% superannuation guarantee appeared first on MacroBusiness.

Australians have suffered their deepest decline in material living standards in modern history. Real per capita household disposable income has collapsed by more than 8% since the Albanese government took office in Q2 2022, the sharpest decline on record. Australia’s decline in real per capita household disposable income has been among the worst in the

The post It’s official: Australians face lost economic decade appeared first on MacroBusiness.

Much of the Western World is rapidly deindustrialising to meet ‘net zero’ emissions targets. For Example, the United Kingdom’s stringent restrictions on fossil fuel energy use have driven up energy costs, resulting in sharp contractions in all energy-intensive industries. The same deindustrialisation is happening in Germany, following similar “net zero” policies. Australians are also being