The DXY chart does not look well. If support breaks then down we go. AUD is poised for an upside rampage. Even lead boots is up. Gold is entering blowoff. Oil not so much. Another copper bubble. Yawn. Somebody finally bought a miner. EM up. Junk too. Yields down. Stocks-a-palooza. Europe going nuts on the
Property analysts believe the ‘Fear of Missing out’ (FOMO) will engulf Australia’s housing market once the Reserve Bank of Australia (RBA) cuts interest rates. Financial markets believe the RBA will cut the official cash rate by 0.25% next week, followed by three additional cuts throughout the year. PropTrack has modelled the average savings homeowners would
Asian share markets are much more positive in today’s session with shares continuing to rebound in Hong Kong rebounding while local markets are dead flat. Last night’s US CPI print is seeing currency markets move every which way as they also navigate more tariff volatility with Yen firming while the Australian dollar is holding strong
At the 2010 Australian federal election, the Julia Gillard-led Labor Party won a second term after Labor formed a minority government with the support of three independent MPs and one Australian Greens MP. Labor and the Coalition each won 72 seats in the 150-seat House of Representatives, four short of the requirement for a majority
The parliament of the energy superidiot is trying to proof itself against Peter Dutton. So it should. Dutton appears so captured by the East Coast gas cartel that, right now, he is a greater national security risk than China. Today’s news is typical. A deal between the government and the Greens to try and stop
Australians are drowning in mortgage debt. We have among the most indebted households in the world. Mortgage payments also take up a record share of Australian household disposable income. On Wednesday, the Australian Bureau of Statistics (ABS) released housing finance data for Q4 2024. It revealed that the average Australian home loan has jumped to
Last year, former federal Treasury official Stephen Anthony warned that Victoria might require a federal “bailout” due to soaring state debt, which reached $27,729 per person in 2023-24. “Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%”, Anthony warned. “Potholes can’t get filled, emergency departments
Tariffs, in an ever-evolving form, are front page of every business paper at the moment. Are they going to give cover for companies to push through another round of price increases? Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen do a deep dive on this topic. Can’t make it to the
You probably can centrally plan sex, but China sure doesn’t know how to do it. China’s population shrank for the third straight year in 2024, even though births rose slightly, underscoring a persistent long-term risk for the economy. The total number of people in China fell by over 1.39 million to 1.408 billion last year,
Here is ‘hire a hawk” Warren Hogan blathering about holding rates high. Sky is lapping the idea of a rate cut being politicised for the ALP when, in fact, it is resistance to the cut that is politicised in favour of the LNP. Aussie inflation is beaten. Services inflation is falling with wages. Core is