Macro Afternoon

See the latest Australian dollar analysis here:

Macro Afternoon

Stocks are moving slightly higher across Asia desptie the scratch sessions on Wall Street overnight as a new round of optimism for the US/China trade quagmire gathers pace, just before the all important non-farm payroll/unemployment print later tonight.

The Shanghai Composite is hovering just on the 2900 point level with little change going into the close as the Hang Seng Index pushes much higher, currently up 0.7% to 26396 points with the daily chart showing signs of a probable swing play back up to 27000 points:

Japanese share markets are putting in a slow finish to the week as Yen buyers step in, with the Nikkei 225 set to close only 0.25% higher to 23362 points, but still remaining well clear of daily support at the 23000 level. The USDJPY pair has melted into the later half of the session, currently at its 24 hour low at the 108.70 level and very flat going into the City open:

The ASX200 has just pipped above the 6700 points barrier by climbing some 0.3% in today’s session, up to 6701 despite a firmer Aussie dollar and some poor macro news. The Aussie dollar is trying to get out of its rut, firming here just below the mid 68 level as it tries to tackle the series of lower highs on the four hourly chart:

Both S&P and Eurostoxx futures are moving higher with the S&P500 four hourly chart showing how the recent bounceback is casting aside resistance at the 3120 point level although momentum is not yet positive for a clear trend to firm in:

The economic calendar will focus squarely on the NFP/unemployment print in the ‘States tonight. Plus the impeachment hearings!

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Comments

  1. First in the preliminary final. You guys had better watch out for weekend reading! 🙂

    And…ahh…oh yeah…economics and stuff…

  2. Fvckwit renovating neighbour thought now would be a good fvcking time to get out the fvcking hammer drill.

    Cvnt’s gonna be at it again like every other fvcking weekend over the last 2 months.

    C0cksvcking fvckwit.

    Home renovators are the lowest breed of cvnts there are.

  3. Mining BoganMEMBER

    I’m watching Grand Prix just to see the F1 scenes. They are magnificent. But why do they have to put a story between the magic? Just wasted everyone’s time as far as I can see.

  4. GunnamattaMEMBER

    My wife is in Volgograd (Russia) at the moment with family, and has just told me that she has met a Russian wife and her Australian husband who have decided to relocate from Sydney to Volgograd…………

    Australia has become a country to migrate from

  5. The Traveling Wilbur

    Oh Jeeeeez a literal sign of the times – billboard size:

    NO UPFRONT

    Company Insolvency Fees

    Insolvency Company Name was here

    That was it. Just those three lines. On a billboard. Australia. Doomed.

  6. So this retail collapse story has two angles.

    One is the ahem… cosy … arrangement with the CEO’s other company.

    The other is the collapse in uni textbook sales. I’m gonna guess foreign students don’t need textbooks. They either speak no English and just buy / plagiarise their essays. Or they pass second hand textbooks around between twenty people and all copy each other.

    https://www.news.com.au/finance/business/retail/not-a-great-look-coop-bookshop-administrators-reach-deal-over-500000-worth-of-hats-from-ceos-company/news-story/5c133c3143fa604ac0df0386244b1ad6

  7. TailorTrashMEMBER

    Now that he has left with the NAB dosh in his pocket Is Ken trying to get himself some stained credibility for the paid talk circuit ?
    ………it’s pretty simple mate ….Straya is becoming a noodle economy ……unfried noodles into the wok ….fried noodles out ……that is the extent of productivity
    …..and it growing with the population ……….how good is Straya ?

    http://www.abc.net.au/news/2019-12-06/ken-henry-australian-economy-will-not-be-fixed-by-stimulus-alone/11773832

    • Dr Henry argued the main reason productivity was declining was a lack of business investment in new technology and equipment that increased the efficiency of their workforce.

      “Business investment today as a proportion of gross domestic product is almost as low as it was in the depths of the early-90s recession,” he said.

      I also like that the retards at the ABC called him former treasury boss rather than disgraced banking parasitic cvnt.

      Ken Henry you fvckhead, we hardly have any fvcking businesses left that make things. Due to your stupid fvcking policies whilst in treasury urging the Rodent to import slave labour and offshore fvcking everything. What investment is going to make barristas more efficient, or real estate agents you stupid fvcking c0ckhead.

      • Nothing to do with the rodent mate.
        Henry advised *Keating* on all the disaster policies incl. super, incl, tariffs.
        He was a key part of Keating disasterism.
        The guy should be called to account for his part in Keating disasterism (not the journalism both sidetism hs).

    • Soo…. hold on, hold on… the gist of that article is “don’t waste that money on AML, just give it to Pascoe”?