Property People on the Move

Inglis Rural Property team expands | Ben Forrest branches out | Daniel McCulloch goes solo | Clayton Smith joins JLL | CBRE appoints high profile rural chairman | RWR donates to Drought Angels

Source: Beef Central
Property People on the Move

XE Market Analysis: Europe – Dec 11, 2019

The pound has taken a rotation lower following the latest YouGov poll, using its famed MRP methodology (massive survey size and deep analysis to take in account of local factors), and which was the model which correctly called 93% of seats in the 2017 election, showed that a smaller Conservative majority of 28 seats is likely — down from 68 seats the same survey predicted two weeks ago. The result suggests that the possibility of the Conservatives falling short of a majority is within statistical margins of error.

Source: XE news feed
XE Market Analysis: Europe – Dec 11, 2019

Govt pushes $66m towards strengthening biosecurity defences over exotic disease

The Federal Government has committed $66.6 million to help arrest the threat posed to Australia by the global advance of African Swine Fever, with the extra funding putting more officers, detector dogs and state-of-the-art x-ray machines on the front line at airports and other access points for people and imported goods.

Source: Beef Central
Govt pushes m towards strengthening biosecurity defences over exotic disease

Government throws $66m at biosecurity, but plans for the worst if deadly pig disease hits

The disease that’s wiped out a quarter of the world’s pigs is only an hour’s journey from Australian shores. The Government is spending a further $66m on quarantine, but says it will protect exporters if security measures fail.

Source: ABC Livestock
Government throws m at biosecurity, but plans for the worst if deadly pig disease hits

XE Market Analysis: Asia – Dec 10, 2019

The Dollar was touch lower in N.Y. trade on Tuesday, though the DXY remained inside of the week’s range so far, basing at 97.44 from highs of 97.60 seen during the morning session. A report that the U.S. and China are discussing delaying new U.S. tariffs set to kick off this Sunday, and the USMCA trade agreement announced had mixed impact on the USD, supporting the risk-sensitive USD-JPY, while seeing the Euro post gains as safe-have USD flows were reversed some. The Democrats announcing articles of impeachment against Trump were largely shrugged off.

Source: XE news feed
XE Market Analysis: Asia – Dec 10, 2019

XE Market Analysis: Europe – Dec 10, 2019

The New Zealand dollar posted a fresh four-month high versus the Australian dollar, while NZD-USD and NZD-JPY saw two-day highs. A shift in RBNZ policy expectations and an associated rise in NZ yields have been underpinning the kiwi. The 10-year U.S. T-note yield advantage relative to the NZ 10-year yield has narrowed by some 15 bps since late November. We expect this trend to taper out at some point, as RBNZ monetary policy is historically sensitive to movements in the currency.

Source: XE news feed
XE Market Analysis: Europe – Dec 10, 2019

XE Market Analysis: Asia – Dec 09, 2019

The Dollar perked up a bit in N.Y. on Monday, after losing some ground overnight. The DXY remained under Friday’s post-jobs report high, with ranges overall remaining narrow. There was no incoming data to drive the FX market, and we now look for some consolidation ahead of Wednesday’s FOMC announcement, and Thursday’s ECB meeting. Wall Street pulled back some on reported profit taking following Friday’s surge higher, while Treasury yields were slightly lower. EUR-USD faded from 1.1078 highs seen at the open, easing to 1.1056 later in the session.

Source: XE news feed
XE Market Analysis: Asia – Dec 09, 2019

XE Market Analysis: North America – Dec 09, 2019

The dollar lost ground to the yen and pound, while consolidating gains seen on Friday against the euro and Canadian dollar, among other currencies. The narrow trade-weighted USD index (DXY) was little changed heading into the New York interbank open after rallying nearly 0.5% on Friday. The yen picked up a safe haven bid as European stock markets corrected after rallying on Friday in the wake of the U.S. jobs report, with uncertainty remaining about whether the U.S.

Source: XE news feed
XE Market Analysis: North America – Dec 09, 2019

XE Market Analysis: Europe – Dec 09, 2019

The pound rallied to new highs as two new polls show the Conservative party extending its lead over Labour. The late debate between PM Johnson and Labour’s wannabe PM, Corbyn, was considered a draw, too, according to a poll by YouGov, suggesting that, with three days to go until the UK general election, there is now little change that Labour can close the popularity gap. A poll by BMG found support for the Conservative up a point, and Labour down a point, while a Survation poll found support for the Conservatives up 2 points, and support for Labour down two…

Source: XE news feed
XE Market Analysis: Europe – Dec 09, 2019

XE Market Analysis: Asia – Dec 06, 2019

The Dollar rallied in N.Y. trade on Friday, cutting a string of five-straight sessions of losses. A stronger than expected November jobs report, along with outsized gains in the University of Michigan December consumer sentiment index drove the USD higher. Wall Street and Treasury yields reacted as well, both moving higher. The Greenback later faded some, as pre-weekend profit taking set in. Risk taking appetite was also helped by White House adviser Kudlow, who said a China trade deal is “close”.

Source: XE news feed
XE Market Analysis: Asia – Dec 06, 2019

XE Market Analysis: North America – Dec 06, 2019

A firmer yen and a rallying New Zealand dollar were the main shows in an otherwise quite town ahead of the release of the U.S. November employment report. The yen nudged higher despite gains in global stock markets, with position jigging seen into the release of the U.S. November employment report. USD-JPY printed a two-day low at 108.56. The Japanese currency also saw two-day highs versus the euro, sterling and other currencies.

Source: XE news feed
XE Market Analysis: North America – Dec 06, 2019

XE Market Analysis: Europe – Dec 06, 2019

The yen has nudged modestly higher despite gains in Asian stock markets. USD-JPY printed a two-day low at 108.65. The Japanese currency also saw a two-day low versus the Canadian dollar, but remained above respective Thursday lows against the euro, sterling and other currencies in overall non-committal markets into the release of the November U.S.

Source: XE news feed
XE Market Analysis: Europe – Dec 06, 2019

A few facts about fake meat

Imitation is the sincerest form of flattery, and that is how fake meat should be viewed, not as a threat to beef producers, but a sincere endorsement of the extreme desirability of beef, the prince of meats.

Source: Beef Central
A few facts about fake meat

XE Market Analysis: Asia – Dec 05, 2019

The Dollar posted its fourth consecutive day of losses on Thursday, though ranges were tight, leaving the DXY at a one-month low of 97.36. Incoming U.S. data was decent, but went little way to support the USD. The trade deficit narrowed, jobless claims were lower, while factory orders were in-line with expectations. Trade uncertainty has remained a weight on the Dollar of late, despite upbeat comments from both the U.S. and China. EUR-USD was stuck between 1.1089 and 1.1108, while USD-JPY slipped from 108.92 to 108.66.

Source: XE news feed
XE Market Analysis: Asia – Dec 05, 2019

XE Market Analysis: North America – Dec 05, 2019

The dollar has traded mixed so far today, losing ground the pound, which continued to outperform as markets factor in a Conservatives-with-majority outcome in next week’s general election in the UK, holding near steady versus the euro, gaining on the yen, which retained a heavy tone amid a backdrop of buoyant stock markets. The dollar also lost further ground to the Canadian dollar, which extended the sharp gains of yesterday following a 4% rally in oil prices. The biggest loser today was the Australian dollar, following sub-forecast retail sales and trade data out of Australia.

Source: XE news feed
XE Market Analysis: North America – Dec 05, 2019

XE Market Analysis: Europe – Dec 05, 2019

Sterling has continued to unwind its Brexit discount at a pace, with Cable hitting a new seven-month high and EUR-GBP a 31-month low in early London trading. With just a week to go until the UK’s general election, it’s looking increasingly unlikely that Labour will close the popularity gap with PM Johnson’s Conservative party. Politico’s poll track has the Conservatives with 43% support, unchanged from Monday, and Labour with 33% support, also unchanged from Monday.

Source: XE news feed
XE Market Analysis: Europe – Dec 05, 2019

Southern weaner sales kick off: opening market underwhelms at Euroa + VIDEO

Hopeful of achieving an overall sale average of 330c/kg, selling agents and participating vendors experienced a more sedate result that ranged mostly from 300 to 330c/kg, which was deemed satisfactory under the circumstances without being lavish.

Source: Beef Central
Southern weaner sales kick off: opening market underwhelms at Euroa + VIDEO

XE Market Analysis: Asia – Dec 04, 2019

The Dollar lost ground through the morning session in N.Y. on Wednesday, with declines coming on the back of a weaker ADP employment survey, and a miss in the services ISM. The USD later bounced some, as risk-on conditions prevailed. Wall Street and Treasury yields were higher following a Bloomberg report that a phase-one U.S./China trade deal may be in the cards before the imposition of additional tariffs, due December 15. EUR-USD rallied to 1.1116 highs, later dropping back under 1.1070.

Source: XE news feed
XE Market Analysis: Asia – Dec 04, 2019

XE Market Analysis: North America – Dec 04, 2019

The yen came under pressure as a risk-on trade broke out in global markets, with stock markets and high beta assets and currencies rallying and safe haven assets and currencies falling back. The catalyst was a Bloomberg report, citing U.S. officials who are in the loop of the trade negotiations with China saying that progress to a deal is being made despite tensions over Hong Kong and Xinjiang, and that a “phase 1” deal could be signed off before December 15, the U.S. deadline for further tariff hikes. USD-JPY upwardly popped by about 30 pips in making 108.79.

Source: XE news feed
XE Market Analysis: North America – Dec 04, 2019

XE Market Analysis: Europe – Dec 04, 2019

The yen has rallied on a safe-haven bid as global stock markets turn lower after President Trump, nearly two months after announcing the limited “phase 1” trade deal with China, said that trade negotiations may be postponed until after the 2020 presidential election. This after announcing intentions to tariff steel imports from Brazil and Argentina. Disappointing Q3 GDP out of Australia, a country that its highly exposed to the U.S.-China trade, was also in the mix. Growth came in at 0.4% q/q in the antipodean economy, against a median of 0.5%.

Source: XE news feed
XE Market Analysis: Europe – Dec 04, 2019