"In a note titled “tactical retreat,” Goldman’s currency team closed its recommended short greenback position against a basket of Group-of-10 commodity currencies, including the Australian and New Zealand dollars. The firm joins hedge funds and ...

Goldman Axes Short Dollar Call as Higher U.S. Yields Spoils Bet

I reckon there might be some other currencies that might be feeling sad about being left out.

ECB may not be able to hike rates/normalize even by 2024-25

Coz he's obviously a trader. He realised he was long a dog and dumped it quick. Cut losses and move on. Must do better research next time into potential acquisitions and takeovers.

A Bazillionaire "Undercover Boss" and His Playboy/OnlyFans Model Ex are Involved in the...

Do people still use Facespook?

Facebook data on more than 500M accounts found online

Nobody ever would trade on the basis of a headline. Contrarians may be an exception.

Short AUD/USD, AUD/JPY: Q2 Top Trading Opportunities

Yep, sounds about right. Actually, you could probably open up about 3 full gold contracts with a 1000$ account, depending on the gold price on the day. Pretty neat, huh?

ASIC’s CFD product intervention order takes effect

Maybe a small donation to Egypt to widen/deepen the Suez canal might be viewed with some non-partisan agreement?

President Biden will unveil his $2 trillion infrastructure plan today – here are the details

Just "poor" risk management? Some may be inclined to think of a slightly stronger superlative which may be banned in a family friendly forum such as this. Many months ago (a year?) when these changes were suggested, I was appalled. I am now firmly ...

ASIC’s CFD product intervention order takes effect

This isn't about me, actually.

White House called for $3T in spending & $1T in tax hikes in initial draft infrastructure...

Or infinitely better, decreasing spending.

White House called for $3T in spending & $1T in tax hikes in initial draft infrastructure...

This was always going to be how things would be conducted with President Biden. I don't think elaboration or clarifying this sad fact would be very kind. {edit - that I framed that partly in the past tense was accidental?}

White House called for $3T in spending & $1T in tax hikes in initial draft infrastructure...

Advocates of increased tax rarely mention upfront (maybe as a footnote or similar if they are pushed) the deadweight loss associated with increasing taxes. Deadweight losses are a cost - they are anything "real" lost to economic activity. This ...

White House called for $3T in spending & $1T in tax hikes in initial draft infrastructure...

"Much of the inflation concerns were based on younger respondents. About 52% of respondents aged 18-24 were "very concerned" about inflation" That's pretty funny. I wonder what percentage of respondents in that demographic can even spell inflation. ...

77% Of Americans Are Worried About Soaring Inflation

It would appear that would be a fair interpretation of the tweet. It appears that the some conditions far exceed those provided for under the previous UAW regime. And they get stock options thrown in. I'm not sure of American law and if you can ...

Agency finds that Elon Musk tweet violated federal labor law

In the context of China being cranky with Australia, that comment is so stupid.

China To Impose Anti-Dumping Duty For Australian Wine; For 5 Years

I wonder if all this talk (Yellen has said nearly the exact words at least a couple times) about "tools" is merely to cover themselves if the inflation genie is let out of the bottle. Of course they anticipate inflation. They seek it. I don't ...

Powell: don't expect too-high inflation, but have tools to address it to guide back to 2%

Well that's right, innit. Do the opposite of "common sense", and it will be good. A whole episode of Seinfeld was devoted to this paradox, with surprising results.

Powell: don't expect too-high inflation, but have tools to address it to guide back to 2%

I don't understand what any of this means. What is this equity release that supports business? Kinda important, as it is the entire basis upon which you go on to make some rather curious assertions.

The NZ Government has taken a gutsy approach to tackling the housing crisis - the days of...

One issue in Australia is that the costs (including mortgage payments) which are tax deductible may be applied to the investors salary. Fictional numbers - So normally would pay say 40% of tax on taxable salary of $100,000, now tax on new taxable ...

The NZ Government has taken a gutsy approach to tackling the housing crisis - the days of...

This principle is reasonably true of what happens in any aggregation of this nature. The strong get stronger and the weak weaker - this generalisation is subject to exceptions, of course, but like you say. It is a feature in international trade and ...

45% of Croatia’s citizens want euro adopted, says National Bank