Blogotariat

DXY eased last night: AUD got squeezy against both majors: Zero aid from North Asia: But some from oil and gold: Goldman’s fancy copper squeeze is going nicely. Beware. Big miners are back! EM stocks look poised: Junk BTFD: As yields peeled back with oil: Stocks await US CPI: Everything awaits US CPI! Tomorrow. From

The post Australian dollar short squeeze gets set appeared first on MacroBusiness.

The iron ore ore short squeeze continued in full roar yesterday but was greeted by selling overnight in Dalian: Coking coal is still mirroring: SGX was less explosive yesterday, but the FE rally did cross over into rebar futures: Scuttlebutt was meh: “Steel margins have improved, which may encourage steelmakers to resume production later, thus

The post Iron ore short squeeze finds sellers appeared first on MacroBusiness.

Yuan displacing dollar on Russia’s foreign exchange market – Central BankThe Chinese currency now accounts for the largest share of forex trading, the regulator reports

The share of the Chinese yuan on Russia’s foreign exchange market hit an all-time high in March, the Bank of Russia (CBR) reported in its financial risk review on Monday.

A full-scale military conflict in Europe has become more likely due to the standoff with Russia, the EU High Representative for Foreign Affairs and Security Policy, Josep Borrell, has claimed, while warning member states against relying on the US to defend them.

Macron teams up with Cameron for Russia conflict

https://www.youtube.com/watch?v=vXxaBZ01DlM

France's foreign minister said on Monday, April 8, it was no longer in Paris's "interest" to talk to Russia after differing accounts emerged from a rare phone call about last month's deadly attack on a Moscow concert hall.

Biggest grants go to Fortescue for a green iron project, and Curtin University to pursue a technology that could export hydrogen as a powder.

Two decades after the Howard Government spied on Timor-Leste’s seabed boundary negotiating team, for oil company Woodside, the Albanese Government is still fighting against the truth coming out. Reporting on the biggest cover-up in Australia’s history, Rex Patrick explains why.

DFAT submissions found in the long-running FOI battle reveal how the commercial interests of Australian fossil fuel companies still take precedence.

A better trading session across stock markets in Asia today despite the flat result on Wall Street overnight as risk continues to absorb the outcome of Friday’s US jobs report, which came in hotter than expected. The USD is now slipping and becoming weaker against all the majors as the Australian dollar pushes above the

The post Macro Afternoon appeared first on MacroBusiness.

Batteries kick in as total eclipse sweeps across the

The Australian stock market is a case study of how regional nuances can shape investment outcomes. Say you were a financial advisor in the US, Japan or Europe. If you put a retail client into 50% miners and banks, and they tanked, you might lose your licence. In Australia, that is just the market: \

The post The hidden costs of high dividend yields in Australia appeared first on MacroBusiness.

Wine company Casella has switched on what it says is the larges

Should Australia import LNG? Australia will need more than one LNG import terminal to safeguard east coast supplies and prevent a devastating shortfall, one of AGL Energy’s most senior executives says. Australia’s east coast will see gas shortfalls as soon as winter next year under extreme weather conditions, and by 2027 the gap will be

The post Should Australia import LNG? appeared first on MacroBusiness.

The latest rental vacancy rate data from PropTrack shows little respite for Australian tenants. The national vacancy rate in March was just 1.11% which, although a slight improvement on February, was the second lowest result on record across the combined capital cities: “Rental conditions saw a slight improvement in March, though renters should expect little