Thursday’s dwelling approvals data from the Australian Bureau of Statistics (ABS) suggested that the nation’s housing shortage continues to worsen. In January, only 15,142 homes were approved for construction, nearly 25% below the Albanese government’s housing target, requiring 20,000 homes to be built monthly for five consecutive years. In the 12 months to January, 174,942
DXY is still getting pummeled. EUR is taking the lift up. All things considered, AUD is still weak. Can’t catch EUR, catch dislocate DXY. Lead boots! Break, baby, break! Metals relation sluggish outside copper. Miners a bit of life. EM still meh. Junk turning a little threatening. Yields sticky. Stocks were hammered again. The EUR
Washington views the Ukraine conflict as a prolonged “proxy war” between itself and Russia and is eager to bring it to an end, US Secretary of State Marco Rubio has said. Speaking to Fox News on Wednesday, Rubio reiterated President Donald Trump’s commitment to being a “peacemaker” in the conflict, contrasting this approach with the previous administration’s policy of supporting Kiev indefinitely.
The EU must escalate its military buildup and win the arms race against Russia, Polish Prime Minister Donald Tusk has said. This comes amid growing efforts by EU leaders to increase defense spending, citing what they describe as a threat from Moscow, which Russia has repeatedly denied.
Aside from oil, Australia has almost every natural resource the world requires. Australia has significant reserves of coal, gas, uranium, cobalt, nickel, copper, and lithium. Over the past two decades, Australia has reaped the greatest benefit from global commodity prices. The following chart from independent economist Tarric Brooker shows the extraordinary growth in Australian resources
Russia poses a direct threat to France and all of the EU, President Emmanuel Macron has said, urging the bloc to ramp up defense spending.
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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Hamas must release the remaining Israeli hostages or face certain destruction, US President Donald Trump has warned. He issued the threat after the talks about further prisoner swaps between Israel and the Palestinian armed group reportedly stalled.
