AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Friday Eve Easy Listening
The post Macro Afternoon: 9 May 2025 appeared first on MacroBusiness.
Major milestone as Aotearoa switches on its largest solar farm, but bigger things are on the horizon
The bulls are rushing Australia’s property market. The Reserve Bank of Australia (RBA) is forecast to cut the official cash rate by 1.0% by the end of 2025, taking it to 3.10%. As illustrated below, the Albanese government recently instructed lenders to disregard student debts when assessing mortgage serviceability, which will lift borrowing capacity. The
It’s not rocket surgery. Be green, not fake. Drop the woke malarky. Drop the support for endless population growth and be honest about its devastating effects on the natural world, as well as youth prospects for housing and social progression. Be honest about the limits to growth, not pompously hypocritical to those of differing views.
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The Market EAr on the mechanical bull. Stuck, but… SPX is still stuck in some sort of range, but note the short term trend line comes in at the 5700 level (futures). Next resistance above that is the 5750 area and the 200 day slightly higher. A close above that resistance and many will be
The post Robots are bulls, humans are bears appeared first on MacroBusiness.
For decades, billionaire Meriton founder ‘Highrise’ Harry Triguboff has persuaded politicians to implement policies favourable to his financial interests, including mass immigration. In 2006, Triguboff claimed that Sydney’s population needed to reach 20 million by 2050. In 2010, Triguboff argued that Australia’s population needed to increase to 100 million. “I’d like to see 100 million,
Ferrous complex struggles continue. The steel output cuts have begun. The China Iron and Steel Association said this week the government was “actively deploying and promoting” its crude steel production mandate. Looming output restrictions have weighed on the market and are expected to impact demand of iron ore. “The main task facing the steel industry is
I have frequently cautioned that state and federal government plans to blanket our cities with high-rise apartments will not help Australian housing affordability and will reduce livability. The reasons are simple: it is too expensive to construct apartments. As a result, they cannot be delivered at a reasonable cost to buyers. Urbis highlighted the excessive