I noted on Wednesday that Australia is facing surging energy demand driven by a combination of extreme population growth and the build-out of data centres driven by AI, cloud, and hyperscale investment. First, Australia’s population is officially projected by the Centre for Population to balloon by 13.4 million people (nearly 50%) by 2065–66, adding roughly
The ferrous jaws must close! SMM wraps it nicely. Today, iron ore futures were in the doldrums. Traders quoted actively, while steel mills purchased as needed and inquired cautiously, resulting in a slightly subdued overall trading atmosphere. This week’s SMM pig iron production survey showed that China’s average daily hot metal output reached 2.3492 million
The dark wish of every Beltway lunatic of the past fifty years is about to come true. All together now… Anarcho-imperialism marches on. President Donald Trump warned Iran to make a nuclear deal with the US or face military strikes, increasing pressure on the regime and propelling oil prices higher. Iran said it stands ready
Nothing much to move markets overnight except a looming war in Iran and a pause in the continued structural decline of the USD with both the Fed and Bank of Canada holding interest rates with ECB officials broadcasting a similar sentiment. A small bounceback in USD wasa not across the board however as the Australian
DXY rebounded, but the former support is still resistance. AUD didn’t care. The safe haven held. CNY supportive. JPY pulled back. Gold is a Middle Eastern missile. If oil follows… If oil follows then it will drag much of the commodity complex with it. Witness metals. Mining rocket. EM rocket. Junk rejection. As yields warm
In a recent poll conducted by Ipsos for ITV News in the U.K., over 2,000 Britons were surveyed on their attitudes toward current levels of migration, among other things. What it found amongst those who had an opinion was that high migration is opposed by a majority of Britons, not only among white Britons but
Alex Joiner, chief economist at IFM Investors, posted the following chart on Twitter (X) showing how underlying (trimmed mean) inflation in Australia has accelerated, raising the prospect that the Reserve Bank of Australia (RBA) will lift the official cash rate (OCR) by 25 bps at next month’s monetary policy meeting. The result meant that trimmed
Asian share markets are generally higher but all the activity has been localised here on a very hot CPI print that has all but guaranteed an interest rate rise at the RBA February meeting. This kept the Australian dollar elevated but that’s more about the “Sell America” trend as all undollars are dumping the “King”
New Zealand Prime Minister Chris Luxon has announced that the general election will be held on 7 November 2026, with Parliament dissolving on 1 October. The announcement comes amid tight and volatile polling, with NZ First rising sharply, Labour gaining ground, but the National‑led coalition still ahead. Recent polls from RNZ–Reid Research and Roy Morgan show
The AUD has de-anchored. How high is it going to go? First, it is way overbought, so expect a pullback. More broadly, I put the surge down to five factors: Policy risk undermining the DXY. CNY and JPY on the rise. Local monetary tightening. Global growth experiencing an early-cycle rebound. The gold bull market. The