Trade data from Australia for June 2025. A huge surplus, way beyond estimates. 5,365mn expected 3,250mn, prior 2,238mn Exports +6.0% m/m, this is the quickest pace of increase since September 2022 Imports -3.1%, both consumer and capital goods imports fell That imports result could be cause for concerns, a healthy economy usually likes to suck … Read more
Here’s the summary of the insanity: Trump says he’ll hammer chip / semiconductor imports with a 100% tariff With me so far? Good. Trump then says that he’ll exempt firms investing, or even intending to invest, in US manufacturing from the massive tariff Following along OK? Good, here’s the earlier post on this: Now Tim … Read more
Trump was vague on this, but he couldn’t stop his ego getting control of his mouth. Trump indicated he may introduce more tariffs on China, similar to the 25% duties he recently announced against India in response to its ongoing imports of Russian oil. “Could happen” Trump said, not giving further detail “It may happen … Read more
The yen was hit lower on the news that There are some reports that Trump is going to hit Japan with an extra 15% tariff, yen hit Japanese media, Kyodo, has the worrying news. All this week we’ve been getting back tracking (TACO?) on the US-Japan “deal”, that is NOT a deal at all: Monday: … Read more
The news was a little while ago, good news if we get an end to Russia’s war on Ukraine: While Trump didn’t tweet his meeting intentions, The White House sent out the news with widespread media reporting. Trump did have something to say though: Good news for markets if true. Likely outcomes: supportive for risk … Read more
Nvidia CEO Jensen Huang reportedly met with President Trump at the White House today. The specifics of their conversation aren’t public, but it’s safe to imagine topics like chips, tariffs, China, and U.S. investment were on the table. Later this afternoon, Apple’s Tim Cook is expected to announce an additional $100 billion investment in U.S. … Read more
Fed’s Collins is speaking and is not diving deep into the economy or Fed policy: Key to understand how uncertainty impacts economy. Uncertainty notable in areas where long-term investment is happening. Policymakers must understand uncertainty as financial stability component. Must look at data holistically to measure uncertainty levels. Uncertainty can even speed up some types … Read more
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not … Read more
As the European traders head for the exits, they are leaving major indices closing higher. The gains were led by the Spain’s Ibex which rose 0.90%. Looking at the closing levels for the major indices: German DAX, +0.33% France’s CAC +0.18% UK’s FTSE 100 +0.24% Spain’s Ibex +0.90% Italy’s FTSE MIB +0.65%. U.S. indices are … Read more
Bloomberg is reporting that the Trump administration is reportedly looking to sanction Moscow’s covert fleet of oil tankers and also sanction several entities that enable them to operate. Earlier today, Trump increased India’s tariffs to 50% (up 25%) as a penalty for importing Russian oil. The administration is looking to strangle Russia via its oil … Read more
