Australian Dollar

An uneasy start to the trading week as markets react to further bullying on trade from the Trump regime, with distracting letters sent to the EU and Mexico over the weekend.

Wall Street was unable to make another new record high as the Trump regime again pushed out more bully-boy letters (resplendent with spelling mistakes and ALL CAPS) to former allies and major trade partners, but saved the ink for the EU after markets closed on Friday night.

DXY is trying to rally as EUR falls.

More bullying from the Trump regime as it hits former ally Canada with blanket 35% tariffs in its latest letter “diplomacy” that briefly saw the Loonie sell off sharply and rattle some Asian share markets before some stability prevailed.

DXY is up and EUR down.

New record highs for Wall Street and Bitcoin as the latest US weekly initial jobless numbers weren’t as high as expected, giving USD another lift against most of the undollars.

Most Asian share markets are mixed despite a solid lead from Wall Street overnight, with local stocks taking back their recent losses despite the constant bullying from the Trump regime’s tariffs on pharmaceuticals.

DXY is trying to rally.

Most Asian share markets are lifting higher despite a very weak lead from Wall Street, while local stocks are taking a double whammy due to the expected rate cut from the RBA turning into a hold and then the Trump regime’s bullying tariffs on pharmaceuticals.

DXY is trying to push higher.

Overnight saw Wall Street was uneasy with a lack of confidence and direction as trade “negotiations” continued via threats from the Oval Office, including an early morning barb against Australian exports which will likely see pharmaceutical stocks here locally suffer on the open.

The big surprise in the newsflow is not the Epstein list no longer exists its that the RBA actually held interest rates steady in today’s meeting, launching the Australian dollar higher.

Its the Tariff Trading Week!

Friday night was a subdued session as Wall Street was closed for the (last?) 4th of July celebration while European shares took a drop as the expectations of entrenched tariffs from the Trump regime’s deadline this week look set.

DXY is stable, but the EUR is in a hurry.

Stock markets are having mixed reactions to the early morning passing of the Trump regime’s Big Billionaires Bill but are also hesitating around the blanket tariffs that are set to go into motion on the 1st August.

DXY bounced with solid US jobs.

Overnight saw the passage of the Trump regime’s Big Bloody Awful Bill for the middle/working class by the Republican controlled Congress, but this was overshadowed by a surprisingly upbeat NFP print that negated the negative ADP print the session before.

Stock markets were doing well in Asia until it seemed like a leak of tonight’s US unemployment print by Trump spitting his dummy calling for Fed Chair Powell’s resignation.

DXY held its ground last night.

Last night saw the release of the latest US private jobs data which shocked with only a 33K increase over an expected 100K plus, which puts tonight’s NFP print into clear perspective and shows the employment market may not be as robust as Fed Chair Powell thinks.

A relatively calm session here in Asia with only slight movements in currency markets as the Australian dollar had a small blip after some disappointing retail sales numbers while share markets are absorbing the passing of the “End of the Empire” bill in the US senate.

DXY eased lower.