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MacroBusiness Wednesday, April 23, 2025 - 10:00 Source

The Market Ear with the setup. Chop Our base case remains intact: this market needs to heal and it will take time before we get a new direction. Expect more choppiness. Resistance levels: 5450 (21 day), range highs at 5550. Note the 50 day still way higher, currently just below 5700. Support around the 5100

The post Stocks rally as the ‘Trump puts’ roll in appeared first on MacroBusiness.

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xkcd.com Wednesday, April 23, 2025 - 10:00 Source

After initial tests created a series of large holes in the wall of the lab, the higher-power Scanning Tunneling Tennis Ball Microscope project was quickly shut down.

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MacroBusiness Wednesday, April 23, 2025 - 09:30 Source

DXY finds a footing. AUD rocket flamed out. Lead boots going nowhere. Gold flame out, oil stable. Copper is a lunatic. Miners still stuffed. EM going nowhere forever now. Junk not priced for recession yet. Yields still tending to rise. Stock chop. Everybody is selling the whimpering greenback. More than stocks. Way more than yields.

The post Australian dollar jaws open wide appeared first on MacroBusiness.

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Your Democracy Wednesday, April 23, 2025 - 09:20 Source

The greenback has hit a three-year low while gold soars past $3,500 per ounce. Things aren’t looking good, experts say.

Trump, Tariffs and Trust: The dollar's slide "reflects Trump’s meddling in Fed policy via tariffs and eroding trust in the US financial system,” Paul Goncharoff, financial analyst and general director of Goncharoff LLC, tells Sputnik.

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MacroBusiness Wednesday, April 23, 2025 - 09:00 Source

Risk sentiment reversed its decline overnight mainly due to some off the cuff comments from the Trump regime’s Treasury Secretary about an “imminent” deal with China, which were since walked back but this sent a signal to buy USD and US stocks which saw Wall Street take back most of its recent session falls to

The post Macro Morning appeared first on MacroBusiness.

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Cheeseburger Gothic Wednesday, April 23, 2025 - 08:23 Source

I found this in my iPhone's reminder app this morning. I have no memory of making it, but it seems like a pretty good plan for the workday.

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Your Democracy Wednesday, April 23, 2025 - 08:04 Source

 

This week, newspapers around the world received reports and signed documents from South Africa. The reports said that, in 1975, Israel agreed to sell South Africa nuclear weapons. South Africa then released an arms agreement signed by current Israeli President Shimon Peres. This is the document “heard round the world.”

 

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The Tally Room Wednesday, April 23, 2025 - 07:00 Source

Ben is joined by Jill Sheppard and Emily Foley to discuss the long-term trend of the major parties losing primary votes: what is causing the trend, how it might play out in 2025 and whether they can do anything to reverse the trend. The seat of the week is Bruce in south-eastern Melbourne.

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Your Democracy Wednesday, April 23, 2025 - 06:56 Source

Teals and Greens are under political attack from a new pro-fossil fuel, pro-Israel astroturfing group, adding to the onslaught by far-right lobbyists Advance Australia. Wendy Bacon and Yaakov Aharon with the story.

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Your Democracy Wednesday, April 23, 2025 - 06:00 Source

 

Washington has set tariffs of up to 3,521% on solar imports from Southeast Asia, according to information published by the US Department of Commerce on Monday. 

The hikes follow allegations that Chinese-owned manufacturers operating in the region had violated trade rules.

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Your Democracy Wednesday, April 23, 2025 - 05:27 Source

When a great man and leader of the Roman-Catholic Church – and beyond it – like Pope Francis dies, it may seem almost impious to speak or write about politics. But in his case, we know for certain that it simply means doing what he told us to do.

 

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