Macro View | James Foster
Independent Australian and global macro analysis
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Friday, October 16, 2026
Macro (Re)View (16/10) | US bonds rally
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Concerns over AI-related financing led to heavy declines in US and Asian equities this week. In turn, US Treasuries received a solid bid - t...
Wednesday, October 14, 2026
Australian employment -39.3k in September; unemployment rate 4.7%
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Australia's unemployment rate reached new highs since 2021, arguably placing the RBA's tightening cycle at a crossroads. Employment ...
Preview: Labour Force Survey — September
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Australia's Labour Force Survey for September is due today (1130 AEDT). The report returns to its usual slot on the third Thursday of ...
Friday, October 9, 2026
Macro (Re)View (9/10) | Treasury market finds relief
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Markets found some relief from the relentless rise in longer duration yields as the benchmark 10-year Treasury yield saw its first weekly de...
Friday, October 2, 2026
Macro (Re)View (2/10) | Long-End Pressure Persists
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Opposing tensions in global bond markets made for a volatile week, giving renewed strength to the safe-haven US dollar, sending the DXY ind...
Thursday, October 1, 2026
Australia's trade surplus $0.5bn in August
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The fastest rise in imports in 5 months compressed Australia's trade surplus to just $0.5bn in August from $1.4bn in July, disappointing...
Wednesday, September 30, 2026
Australian dwelling approvals -6.1% in August
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Australian dwelling approvals declined 6.1% in August - a downside surprise on consensus (-1%) - falling back to their lowest level since ...
Tuesday, September 29, 2026
Australian CPI rises to 4% in August
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Fuel prices surged almost 15% in August post the federal excise tax cut, lifting Australia's headline inflation rate from 3.5% to 4%yr....
Australian household spending stalls in August
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Australian household spending stalled in August as the winding down of the federal excise tax cut saw fuel prices rise sharply. Transport-re...
RBA hikes 25bps in September
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The RBA hiked the cash rate by 25bps to 4.6% in a unanimous decision (9-0) by the Monetary Policy Board today. Governor Bullock maintained ...
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