DXY is back and showing no signs of fatigue. The AUD looks like a man clinging to the edge of a cliff. It has overshot its CNY sponsor. The Japan problem is back. Gold puked again. Copper longs must be feeling it. AI metals are in free fall. Big mining parabola goes “pop”. EM down.
The post Australian dollar sucked into AI storm appeared first on MacroBusiness.
Melbourne’s status as an economic wasteland continues to grow. The latest labour force data from the Australian Bureau of Statistics (ABS), presented below by CBA, shows that Victoria has recorded the steepest rise in unemployment in the nation: Victoria’s trend unemployment rate is also the highest in the nation at 4.7%, sitting well above the
The current LNP state government in Queensland was elected on a promise of restoring the Optional Preferential Voting (OPV) system used in the state up until the 2015 election.
Under this system, voters are not required to number every box on the ballot. In contrast, the current Compulsory Preferential Voting (CPV) system requires voters to effectively number every box.
The ferrous jaws are finally closing. Another 3-4% and we will be at some kind of weak equilibrium in steel profits. That is, if steel prices don’t start falling again. And they well might. CISA output for the last ten days of January was poor. The year has started tracking 2019. There was a silver
The post The great iron ore tumble begins appeared first on MacroBusiness.
A blowout in US unemployment claims, a collapse in cryptocurrencies and more unease over the AI uber-bubble added to rise in volatility across risk markets overnight as Wall Street fell back again, taking other markets with it. The USD continued its comeback against most of the majors, particularly the Aussie, Loonie and Kiwi while the
The post Macro Morning appeared first on MacroBusiness.
In the midst of the euphoria surrounding Venezuela's aggression, Trump and Marco Rubio sounded the death knell. After 67 years of resistance against the empire, the Cuban revolution was supposedly finished. Cuba was expected to fall this year, the US administration proclaimed daily, in every possible tone.
BY Maïté PINERO
Cuba: in defense of the honor of humankind.
History offers a warning about unchecked power. As Donald Trump reshapes US foreign policy, the risks of personal rule and predatory hegemony are becoming harder to ignore.
America’s bad emperor problem
Australia’s 50% capital gains tax (CGT) discount for individuals (introduced in 1999) has come under renewed scrutiny, with a broad coalition calling for reform to ease the housing affordability crisis, bolster the federal budget, and improve intergenerational equity. The push spans economists, think tanks, former regulators, international bodies, the New South Wales Treasurer, and even
Here is the real reason why Keir Starmer’s government refuses to let us have a fair electoral system.
By George Monbiot, published in the Guardian 4th February 2026
The first four of 30 new turbines at the Warradarge wind farm have been erected, with the rest due to be up by August.
The post First four turbines erected on expansion project that will deliver state’s biggest wind farm appeared first on Renew Economy.
Not a good day for precious metals or crypto currencies as Asian share markets also remain in a dour mood after the poor showing on Wall Street overnight. The USD is strengthening again and holding back the Australian dollar which is struggling to get back above the 70 cent level despite a good trade print
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A 50MW solar project will be the first in a 5GW vision by the Ngarluma Aboriginal Corporation.
The post Fertiliser giant firms up first leg of Indigenous-backed, 1.2 GW green energy hub appeared first on Renew Economy.
Batteries are going to kill coal generation profits as well as gas. They may do more damage to coal than they do to gas.
The post Batteries may do more damage to coal generator profits than they do to gas appeared first on Renew Economy.
As noted many times, Australia enjoyed a few brief sane years of trade diversification when ScoMo stuck COVID up Beijing in 2020 and the nation responded by looking for other markets. Since then, Albo has bent over forwards to restore the same trade vulnerability. Thankfully, he partially failed because the Chinese trade mix has changed,