Market Overview

DXY was firm overnight with US market closed:AUD fell: Oil roared on:Dirt reversed course:EM stocks are finished:Junk fell:Societe General has a good take on the AUD: Economics China’s debt...

Stock Market Breakout In my August 4th update, Stock Market Weakness Likely, I pointed out that the market was likely to pull back, and as long as that weakness did not decisively violate...

Australian households spent 0.7% less in July '23 compared to '22, the first annual decline since February 2021. Key points Australian household spending dropped 0.7% over the twelve months to...

Global marketsContinued ‘Goldilocks’ reports out of the United States helped support equity and bond markets again last week, with the S&P 500 rebounding for the second week in a row....

Goldman with a useful take on DXY and AUD. USD: Still on track. The headline August payrolls number was somewhat firmer than expected, but there were offsetting downward revisions to prior months...

Cash led the performance race in August for the major asset classes, based on a set of proxy ETFs. In fact, most markets posted losses last month. The handful of winners, in addition to cash: a broad...

Economists from all four of Australia's biggest banks expect the RBA to once again hold the cash rate target at 4.10%. Key points More and more banks are cutting 6-month and 12-month rates below...

Outgoing Governor Philip Lowe will deliver his last RBA decision on Tuesday 5 September before Deputy Governor Michele Bullock (wo)mans the helm. Key points Money markets place an 86% chance the...

While interest rates continue to be high and cost of living pressures keep biting, older Australians living in large houses they no longer need could benefit hugely from selling their property and...

The DXY correction continues:AUD ignored it: It is anchored to a sunken yuan:Commodities lifted:Miners a little:EM dead:Junk fail:Despite Treasury bull steepening:Broken stocks range trade with...

Both European and US stocks surged overnight as the USD tumbled against the majors as signs that the US economy maybe slowing faster than expected came through in consumer confidence numbers. Both...

DXY finally took a breather last night:AUD bounced: Dirt is happy: Miners and EMs too: The Treasury curve is turning from stupid bear steepener to smarter bull steepener:As the robots go hogwild...

Higher interest rates and a stagnant economy keep bank lending on a weakening trend. Annual growth in broad money growth is now negative. This adds to expectations of a weak eurozone economy in the...

The BRICS nations are coming of age.At its annual summit in Johannesburg last week, the bloc of five emerging countries—Brazil, Russia, India, China, and South Africa—announced plans to...