Chris Becker

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Macro Afternoon

by Chris Becker Asia starts the week with strong upswings on stock markets outside China with bonds also strengthening as Friday’s US CPI print is absorbed by risk and non-risk traders alike. Commodities didn’t lose the pace either with gold holding above the $1300USD per ounce level. In mainland China the Shanghai Composite is slumping

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Macro Afternoon

by Chris Becker Asia ends the week with a rally in stock markets outside China while the USD reversed its recent bounceback as Yen and Aussie dollar also lifted. Gold also rose but only slightly as other commodities cooled off. In mainland China the Shanghai Composite is having another pause, up a few points going into

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Macro Afternoon

by Chris Becker Stocks were broadly positive across Asia today taking the good level from US stocks overnight, with the USD weakening against the majors and gold, which is closing back in on the $1300USD per ounce level. The lack of economic and geopolitical catalysts are definitely calming markets this week. In mainland China the

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Macro Morning

By Chris Becker Last night saw US stocks closing  at record highs – again – after the Federal Reserve released a summary from its last meeting, where it signalled an interest rate hike in December is increasingly likely despite low levels of inflation. European markets stabilised following the Catalan issue in Spain while commodity prices recovered.

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Macro Afternoon

by Chris Becker Stocks in Asia were generally positive today with a retreating USD helping as well, as turmoil surrounding geopolitical tensions in Korea and Turkey simmered today. A lack of catalyst economic prints is also smoothing the volatility across the region. In mainland China the Shanghai Composite really wants to climb up through resistance at

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Macro Afternoon

by Chris Becker Yet another mixed session in Asia today with all markets open after some holiday breaks, most stock markets putting on small gains while the ASX200 flittered away a good start to close flat. The USD is again under pressure with the Yen strengthening slightly and the Aussie dollar surprising with a blip

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Macro Afternoon

by Chris Becker A quiet start to the week in Asia as several bourses were closed so it was a mixed reaction to Friday night’s NFP print setting the course for the next month and possibly into the Christmas season. In mainland China the Shanghai Composite reopened after the Golden Week break, gapping up 1% but

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Macro Afternoon

by Chris Becker Asia is having a relatively quiet day as traders position for the closely watched NFP print in the US tonight. Most stock markets closed slightly higher, with the ASX rebounding after a poor week of performance, mainly due to an Aussie dollar that has cracked and likely to head to 77 cents

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Macro Afternoon

by Chris Becker Not the most exciting session here in Asia with currencies and gold unmoved against USD as most stock markets putting in scratch sessions as Chinese bourses remain closed for a holiday. The only action was in the Australian dollar which fell on a poor retail sales number as traders pre-position for tomorrow

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Macro Afternoon

by Chris Becker Asia shares were quite mixed today with the ASX200 taking a big hit while Hong Kong stocks continued their rally. Aussie 10 year bonds rallied alongside the dollar while commodities retreated. The BTFD crowd continues to pile in on US stocks even with concern over the viability of Trump’s fiscal disaster in

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Macro Afternoon

by Chris Becker Outside the ASX200, most stock markets gained across Asia, following the good mood on Wall Street overnight. It was a day of reserve banks moving and standing still with the Chinese authorities cutting reserve requirement ratios for some loans while the RBA sat on its hands, sending the Aussie dollar lower. In

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Macro Morning

By Chris Becker   The risk on rally seems to be running out of steam with US stocks retreating overnight even as oil prices rise and the USD weakened, as Chinese internal economic data yesterday failed to heighten the risk on mood. The Bank of England held fire, but indicated it may start tapering its

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Macro Afternoon

by Chris Becker Stall speed for risk assets going into a busy economic calendar tonight with the BOE meeting after locally absorbing an important trifecta of Chinese internal measures which disappointed a little on the downside. The Australian employment print was a highlight, but as always taken with a grain of salt (around 0.2% grain!)

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Macro Morning

By Chris Becker   Rolling rolling rolling – keep those record highs rolling! But only just as US stocks eked out a nominal new high with the USD strengthened and Treasuries pulling back, as the risk rally looks like running out of steam a little too quickly. In the commodity space, oil jumped on higher

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Macro Afternoon

by Chris Becker Overall a positive day on stock markets in Asia, but we’re not seeing the kind of rises earlier in the week as the risk on mood hesitates. Currencies were largely unchanged, particularly Yen which has seen some reversal of its safe haven buying of late while commodities were equally sanguine. In mainland