Chris Becker

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Macro Afternoon

by Chris Becker Asia has a wet lettuce finish to the week with most stock markets finishing in the red as the USD continued its decline from overnight, except against Euro as the ECB meeting failed to ignite animal spirits.  Going into the Christmas break there is tension amid risk markets that have had a

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Macro Afternoon

by Chris Becker The usually volatile 2nd Thursday of the month here in Asia, with Aussie unemployment and the Chinese trifecta of releases shortly after got a bit more exciting today as the PBOC abruptly hiked short term interest rates. Following last nights Fed rate hike, this got markets a bit twitchy with minor setbacks

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Macro Afternoon

by Chris Becker The Alabama senatorial election is putting a little spice into a bland market with the USD falling slightly against the majors – Aussie dollar particularly – as the Fed begins its meeting tonight. Asian stocks were mixed across the region as commodity prices remained relatively stable. In mainland China the Shanghai Composite has

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Macro Afternoon

by Chris Becker A lack of trading volume as risk markets hesitate before the dual ECB/Fed meeting this week saw most Asian stock markets retreat slightly today, with currency markets also relatively stable. Oil prices gained a little, particularly Brent crude, but overall a calm before the storm. In mainland China the Shanghai Composite has given back

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Macro Afternoon

by Chris Becker A very positive start to the trading week with all Asian share markets up strongly, absorbing the usual weekend volatility well – excepting Bitcoin, of course. Ahead of the Federal Reserve and ECB meeting this week, the positive NFP on Friday night gave risk takers the green light to bid up all

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Macro Afternoon

by Chris Becker So we end the week on a more positive note in Asia today, as risk gets less cautious going into the NFP print later tonight in the ‘States, and gains some confidence on more positive news from the Brexit talks. The Yen sold off, helping domestic Japanese stocks, as did a lower

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Macro Afternoon

by Chris Becker Asian share markets are mixed with Chinese stocks selling off while Japanese markets are supported by a weaker Yen as the USD surges against everything, except Bitcoin that is. In mainland China the Shanghai Composite continues its plunge below key support at 3300 points, down 0.6% to be at 3274 points going into the close.

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Macro Afternoon

by Chris Becker A sea of red for Asian stocks today following the poor lead from Wall Street overnight as falling commodity prices on the back of a resurgent USD cascading into a mining stock selloff. 3Q Australian GDP data came in lower than expected which gave the local index a small reprieve as the

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Macro Afternoon

by Chris Becker Asian stocks were mixed in response to the poor lead from Wall Street overnight with all eyes on the RBA today seeing the Aussie dollar spike above 76 cents against the USD. Chinese data also surprised to the upside, but domestic stocks aren’t having it with risk off the table going into

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Macro Afternoon

by Chris Becker A case of weekend news catch up here in Asia as the inevitable gap caught a few traders short as USD spiked higher and caused volatility across Japanese and Australian shares in particular. Yields on US Treasuries lept higher taking back the retreat on Friday night while commodities fell off in the

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Macro Afternoon

by Chris Becker Its all about the tax cuts as the US Senate votes tonight, holding risk markets in thrall as Asian stocks were mixed on the first day of the month. Japanese CPI was as expected this morning with the Yen slowly its recent selloff, while Aussie dollar remains in the doldrums against USD.

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Macro Afternoon

by Chris Becker It was all about tech stocks in Asia today, with profit taking the motive, well except if you own Aussie banks, then its a case of covering risk. Markets are cautious even after a wave of risk taking on Wall Street as OPEC meets later tonight amid a barrage of key economic

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Macro Afternoon

by Chris Becker Not even the fat man with a Fat Boy rocket can spoil the fun here in Asia with risk casting aside any doomsday news and bidding up almost across the board. Korean stocks actually rallied as did the Won, but all eyes are on Bitcoin as the bubblecryptocurrency cracked the $10,000 mark!

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Macro Afternoon

by Chris Becker Risk in Asia can’t get started this week with more falls across stock markets following a lacklustre lead overnight on Wall Street. Commodities lead the way actually with oil dropping the second day in a row as OPEC gets ready for its meeting, with currency markets relatively quiet as the USD remains steady.

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Macro Afternoon

by Chris Becker A very slow start to the week for risk here in Asia with only the ASX200 putting on any gains as Bitcoin goes nuts above $10,000USD. This week will be jam packed with key economic data and an OPEC meeting, so expect volatility! In mainland China the Shanghai Composite has had a weak

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Macro Afternoon

by Chris Becker The end of another week of trading here in Asia and its all about keeping the ship steady until the Americans wake up again. Aussie stocks fell with most Asian bourses putting in scratch or slightly positive sessions. The USD gained somewhat against Yen and Aussie dollar but the Euro continues to