The latest US CPI print caused some volatility on currency markets and another wobbly finish on Wall Street overnight but European share markets were less reactive. The USD ended up broadly higher against Yen but other undollars remain somewhat steadfast as it looks like the trade war over tariffs might be a nothing burger. The
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“Take wisdom from the mouths of mad men” is an old Arabic proverb. It sprang to mind a couple of days ago, when I heard the narcissist leader of the “civilised” world, President Donald Trump, openly calling for the ethnic cleansing of Palestine.
Letter to the leaders of the civilised world By Jafar Ramini
DXY shrugged off hot US inflation. AUD did too. The lead boots jaws are closing. Gold and oil do the opposite. Dirt bubblet. Mining doldrums. EM life?!? Nah. Yields up. Stocks flat. US inflation was worse than feared. However, January is always worse than feared, and the BLS has not fully adjusted to it post-COVID.
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Donald Trump’s trade war risks changing the Asian power balance, forcing Indonesia to move from its historic stance of neutrality to get closer to China. Duncan Graham reports.
The back and forth about Australia’s desire for an exemption from Donald Trump’s tariffs on steel and aluminium tells a sad tale about our country in this election year of 2025. We’re a wealthy, highly urbanised, industrialised, modern G20 nation. But there remains something of the colony about Australia – a far-flung place constantly looking for older, more powerful friends to look after us economically and militarily.
NATO Secretary-General Mark Rutte warned Russian President Vladimir Putin on Wednesday that the US-led military bloc would deal a crushing blow to Moscow if it attacks any of its member states.
Ross Gittins claims, “The nation is finally coming to grips with home affordability”. “I’ve been watching and writing about the steady worsening in housing affordability for the best part of 50 years, and I’m more optimistic today than I’ve ever been”, Gittins wrote. “At every level, from governments at the top to mums and dads and
Keith Kellogg, the US presidential envoy for the Ukraine conflict, will meet with European officials in the coming weeks to advance President Donald Trump’s objectives, according to Bloomberg and The Telegraph.
The diplomatic campaign will reportedly kick off at the Munich Security Conference (MSC) on Friday, as the new US administration aims to recoup funds expended on the conflict in recent years.
Asian share markets are much more positive in today’s session with shares in Hong Kong rebounding while the Felon-in-Chief in the Oval Office backtracks another round of tariff threats. Last night’s testimony by Fed Chair Powell is seeing some volatility in bond markets and interest rate futures while the USD is diverging in fortune across
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Credit reporting bureau CreditorWatch recently warned that nearly one out of every six (16.2%) hospitality businesses have a high probability of failing due to a combination of high interest rates, rising rents, high cost of living, and the pandemic hangover. CreditorWatch forecast that 8.9% of food and beverage businesses would close over 2025. Over the
Overheated or what? The Market Ear. Stopped in/out Gold is putting in a massive shooting star candle so far today. You watch these type of candles very carefully after an asset has moved sharply as it could be the first indication of a short term trend reversal. The psychology is very powerful as it basically
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