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Australian dollar bashed as virus returns

April 21, 2021 - 05:35 -- Admin

Markets were hit last night as COVID-19 worries resurfaced. A safe haven bid restored the falling DXY as EUR eased: The Australian dollar still has a large head-and-shoulders topping pattern against DXY and downtrends against other DMs: Oil and gold divorced again: Base metals all sagged: Big miners took it in the team: EM stocks

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Farm labour shortages drives productivity-lifting automation

April 21, 2021 - 00:10 -- Admin

A recent report from the National Agricultural Labour Advisory Committee admitted that Australian farmers’ extreme reliance on cheap migrant labour is having detrimental productivity impacts by preventing farms from adopting new methods and investing in automation: In many ways, Australia is at a crossroads. Either its enterprises go all out to modernise by learning and

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Links 21 April 2021

April 21, 2021 - 00:01 -- Admin

Global Macro / Markets / Investing: Wall Street banks brace for digital dollars as the next big disruptive force – CNBC A solution to the mystery of excess trade balances – VOX Covid-19 will leave deep scars in world economy even after recovery – Business Standard Americas: L.A. Set to Be Largest City to Offer

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Macro Afternoon

April 20, 2021 - 16:30 -- Admin

Asian share markets are generally lower in line with the selloff of tech stocks on Wall Street overnight with only Chinese shares advancing. The USD remains under pressure while Treasury yields are starting to climb again as a slightly risk off mood emerges. Bitcoin continues to suffer from its weekend gap lower, making a new

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Australian property market March update

April 20, 2021 - 14:00 -- Admin

March 2021 Australian property market update Australian property market prices continued to climb over the last month, and mortgage interest rates continue to fall. There are some extraordinary divergences in affordability. It has never been cheaper in most markets to service a mortgage, but never more expensive to save for a deposit or pay off

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One year on and overseas arrivals remain stunted

April 20, 2021 - 13:40 -- Admin

The Australian Bureau of Statistics (ABS) has released provisional travel data, which confirms that international arrivals remains near record lows with only 32,900 people arriving into Australia in March 2021, split-out as follows: 14,300 Australian citizens arrivals (43% of total); 6,700 permanent residents (20% of total); 5,100 New Zealand citizens (15% of total); and 6,900

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How far can the bond rally get?

April 20, 2021 - 13:20 -- Admin

As usual, the accelerated COVID business cycle that we have dubbed the Amphetamine Cycle, is moving at a lightening pace. Previously, I’ve described the contest of market narratives as good news is good news, good news is bad news and bad news is good news. Q1 was defined by good news is good news with

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Less international students is not “unthinkable” or a “crisis”

April 20, 2021 - 13:00 -- Admin

The Australian’s higher education shill, Tim Dodd, has penned an article bemoaning that Australia faces a third year without a large scale return international students, labelling it “unthinkable” and a “crisis”. According to Dodd: Every month without the large scale return of international students puts at risk Australia’s $40 billion export industry, badly impacting not

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RBA minutes still very dovish

April 20, 2021 - 12:37 -- Admin

Capital Economic on the minutes: The minutes of the latest RBA meeting emphasised that the economic recovery has further to run before the RBA will be satisfied which supports our view that the Bank will announce another extension to its QE programme in June. The minutes acknowledged that the economic data over the past month

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CCP threatens Australian invasion over Taiwan involvement

April 20, 2021 - 12:20 -- Admin

CCP mouthpiece, The Global Times, is up to its old tricks again today. This time it threatening an Australian invasion in the event that we interfere over Taiwan: Australia is geographically far from Taiwan. It serves more as an advanced base in the Asia-Pacific and a supply base for the US. US forces have deployed

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