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Daily iron ore price update (splat)

January 24, 2018 - 00:05 -- Admin

Iron ore price charts for January 24, 2017: Tianjin spot fell $2.20 to $73.70. Paper held on overnight. Steel is range trading. Let the bears roll at Bloomie: “Steel profitability has deteriorated recently and producers are starting to replace high-quality ore with low grades, which are more cost-efficient,” Zhao Chaoyue, an analyst at China Merchants

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Macro Afternoon

January 23, 2018 - 17:29 -- Admin

A solid day in Asia with all stock markets putting on meaningful gains on the back of the re-opening of the US government overnight which led to more record highs on US bourses. The Aussie dollar has fallen back against all the majors in the wake of the BOJ meeting and the lack of Japanese

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Red Sea parts, blind see, paralysed walk, ASX rallies!

January 23, 2018 - 12:55 -- Admin

The Aussie dollar is still poised at breakout within a bullish ascending triangle: XJO has the same pattern. It’s just that it is being humiliated by the S&P500: Aussie yields are also still poised at breakout: But Dalian is going the other way today as China’s inventory Everest weighs: Big Iron is fading: Big Gas

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Rents bottoming out?

January 23, 2018 - 12:30 -- Admin

Via CoreLogic: Rental rates increased by 0.1% nationally in December 2017 with capital city rents unchanged and regional rents up 0.5%. The recent disparity between growth in rents in capital city and regional markets is mirroring what is being seen with dwelling values. At the end of 2017, weekly rents were recorded at $421 nationally,

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Yuan appreciates to two year high

January 23, 2018 - 12:21 -- Admin

The PBOC has almost cracked the 6.4 handle vs USD with its new daily fix, setting a two year plus high for the burgeoning currency: From Forexlive: PBOC sets USD/ CNY central rate at 6.4009 sterday at 6.4112) In Open Market operations today, PBOC to: inject 80  yuan through 7 day reverse repos inject 80 

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Goldman: Bitcoin is “human insanity”

January 23, 2018 - 10:51 -- Admin

Via MarketWatch: The latest to issue a stern warning against the world’s largest digital currency is Goldman Sachs’s investment management division, which wrote that there is “no doubt” that the cryptocurrency’s astronomical rise over the past year “has pushed it into bubble territory.” The firm added that bitcoin’s “meteoric rise in a short time has

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Australia to make electric cars or die of Frydenbergitess?

January 23, 2018 - 10:37 -- Admin

Some Coalition in-fighting on electric cars and a new electric “Black Cab” in London caught my eye overnight and given our investment interest in electric cars I thought it worth an update on the investment arithmetic. Electric Vehicle investment numbers Of more interest, given our view that electric cars are at the cross-over point for taxis

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Australia to make electric cars or die of Frydenbergitis?

January 23, 2018 - 10:37 -- Admin

Some Coalition in-fighting on electric cars and a new electric “Black Cab” in London caught my eye overnight and given our investment interest in electric cars I thought it worth an update on the investment arithmetic. Electric Vehicle investment numbers Of more interest, given our view that electric cars are at the cross-over point for taxis

The post Australia to make electric cars or die of Frydenbergitis? appeared first on MacroBusiness.

Westpac: Australian dollar “expensive” again

January 23, 2018 - 10:20 -- Admin

Via Westpac comes the factors in the Australian dollar rise: Westpac Australian export weighted commodity index is at 1yr highs; Risk sentiment in global financial markets has also been positive; AU-US 2yr swap spread is at fresh lows back to December 2000; Our fair value model framework thus suggests that as much as 70% of

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Aussie CEOs are terrified of tech

January 23, 2018 - 10:11 -- Admin

Via Deloitte: The Fourth Industrial Revolution is here—but are Australian executives ready? Global research explores C-suite views on readiness for the impact of the Fourth Industrial Revolution on society, strategy, the workforce and technologyinvestments Finds Australian executives least confident in the world about their organisations’ readiness for technological and societal change 23 January, 2018: As senior business

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