Chris Becker

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Macro Afternoon

by Chris Becker Outside the local bourse, Asian markets are not finishing the week in a positive mood with mild falls across stocks as geopolitics, central bank machinations and possibly weaker GDP print in the US overnight weigh on confidence. In China, the Shanghai Composite is again only just positive at the close, up only

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Macro Morning

By Chris Becker   As Trump’s first 100 days descend into chaos, risk markets overnight were mixed as poor US economic data and ECB machinations overshadowed some solid corporate earnings from US tech heavyweights. US stocks eventually finished higher but European markets were in the red as the ECB signalled inflation was “tepid”. Yesterday in China,

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Macro Afternoon

by Chris Becker Risk off? Not quite but Asian markets are not reacting well to the mixed lead from Wall Street overnight, exacerbated by the BOJ’s decision to cut its inflation target and a drop in commodity prices. In China, the Shanghai Composite is just positive going into the close, currently up only 0.3% to 3145

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Macro Afternoon

by Chris Becker Risk on remains the trade as Aussie markets return to the fold and react relatively positively to a weak CPI print, with government bonds selling off slightly, but stocks rallied. The rest of Asia is also following the positive mood from the US, while commodity prices slip slightly as the USD firmed

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Macro Morning

By Chris Becker   Risk is awnnn as some big US corporate heavyweights post great Q1 earnings and the buzz around Trump’s tax plan reaches fever pitch. The French election fervour is also being pushed aside as European stocks reach new highs and the USD rose against Yen providing a tailwind for Japanese stocks –

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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,

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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

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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

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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,

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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

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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,

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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

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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

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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

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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