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Iron ore hands bears a gift

July 14, 2025 - 09:30 -- Admin

Markets are so fun sometimes. Iron ore is in all sorts of trouble, but traders love to push a counter-trend rally. The latest MySteel data is still down as expected. Westpac sums it beautifully. Iron ore has been incredibly stable A good example of why to stay calm has been the relative lack of volatility

Macro Morning

July 14, 2025 - 09:00 -- Admin

Wall Street was unable to make another new record high as the Trump regime again pushed out more bully-boy letters (resplendent with spelling mistakes and ALL CAPS) to former allies and major trade partners, but saved the ink for the EU after markets closed on Friday night. Canada posted a very solid jobs report and

Weekend Links: 12 – 13 July, 2025

July 11, 2025 - 21:06 -- Admin

  ‘North Head from above Balmoral, Sydney Harbour’ 1866 Conrad Martens, Art Gallery of NSW   Global Macro Nvidia becomes world’s first $4tn company– BBC Why is Trump targeting Brazil – and will it backfire for Bolsonaro?– BBC Snap, crackle, sale: Nutella maker Ferrero plans to buy WK Kellogg for $3 billion– AP US economy

Macro Afternoon

July 11, 2025 - 15:30 -- Admin

More bullying from the Trump regime as it hits former ally Canada with blanket 35% tariffs in its latest letter “diplomacy” that briefly saw the Loonie sell off sharply and rattle some Asian share markets before some stability prevailed. Some more co-ordinated US Treasury selling in the coming days or weeks could enhance the TACO

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