Chris Becker

1

Macro Afternoon

by Chris Becker What a way to start the week with the French election over the weekend causing risk markets to jump higher on the Monday morning gap and hold on to most of the gains through the Asian session. It will be a busy week with the BOJ and ECB meeting later in the week,

25

Macro Afternoon

by Chris Becker With the BOJ still confirming that it is pressing the helicopter money button, the Yen sold off to buoy Japanese markets as a bounce in iron ore helped lifted domestic stocks to end the week more positively. In China, the Shanghai Composite is sliding down going into the close, off by 0.2% to 3165

29

Macro Afternoon

by Chris Becker A series of good news and possible intervention by Chinese authorities in the local stock market, coupled with some exhaustion has seen a generally positive day across Asia. Outside big falls in iron ore, commodity prices are generally stable as Australian bonds were sold off. In China, the Shanghai Composite is steady going

6

Macro Afternoon

by Chris Becker Asian stocks are reeling as tensions mount across the Korean peninsula and in response to last night’s poor lead from US markets. Commodities were mixed with a dead cat bounce in iron ore offset by falls in gold and oil. In China, the Shanghai Composite is selling off going into the close,

26

Macro Afternoon

by Chris Becker Asia is mixed to say the least with a weak USD against the Yen buoying Japanese stocks, but Chinese bourses are selling off due to continued falls in commodities, namely iron ore and oil. The tension on the Korean peninsula continues to play a part as does the return of risk traders

16

Macro Afternoon

by Chris Becker Another day of jawboning this time the USD is still falling after Trumps statement last night it was too high – even though he won’t call the Chinese currency manipulators like he promised too (shocked. stunned..) Its a slew of Wall Street banks reporting tonight so it could be a rocky night,

6

Macro Afternoon

by Chris Becker Another day of traders chewing on fingernails as geo-political concerns outweighed the macro and fundamentals with Japanese stocks selling off as expected while Australian markets were sanguine. Commodities continue to be bid, especially the undollar gold, while oil climbs on the “good” supply situation in the Middle East. In China, the Shanghai

1

Macro Afternoon

by Chris Becker Another mixed day in Asia where the rising risk of North Korea impacted Japanese stocks as the Yen was bid on a safe haven, while oil prices continued to rise as tensions boil in the Middle East. The big stick approach by the Trump administration is not exactly making markets confident. In

13

Macro Afternoon

by Chris Becker   It was a case of Asia sweeping aside any weekend macro troubles plus the less than cheerful Friday night NFP print as both the Japanese Yen and Korean Won slipped against the USD, buoying local shares. In China, it wasn’t so sanguine with the Shanghai Composite closing down 0.5% to 3269 points as it

12

Macro Afternoon

by Chris Becker While volatility took a big upswing in risk markets here in Asia on the Syrian attacks, stocks ended up having a relatively normal session to end the week.  The biggest mover were havens like gold, which rocketed above its long held resistance level over $1260USD per ounce: The Shanghai Composite is up 0.3% to

3

Macro Afternoon

by Chris Becker An unsurprisingly downbeat session in Asia today in preparation for the Trump-Xi meeting after US stocks retreated last night on a hawkish Fed minutes. With the Fed ready to pull the happy juice out of the punch bowl, risk is returning to safe havens like Yen and Treasuries while stocks and commodities

5

Macro Afternoon

by Chris Becker A generally positive session in Asia today in preparation for the Trump-Xi meeting as Chinese bourses reopened, with commodities kicking higher in response. Currencies were virtually unchanged alongside gold while oil is gaining in strength on both markers. Chinese stocks reopened with the Shanghai Composite closing up 1.5% to 3270 points as

20

Macro Afternoon

by Chris Becker A stronger Yen and plunging Aussie dollar taking the wind out of their respective markets. The RBA held fire today in its monthly interest rate meeting, blowing more air into the property bubble while washing their hands of any responsibility of said bubble. Bonds took all the bids as profit was taken on