Chris Becker

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Macro Morning

Risk markets remained upbeat again overnight but with more modest sessions as the bounceback from the Fed’s seismic shift continues.  Wall Street closed about 0.5% higher across the board while the bond market saw Treasury yields fall back as US existing home sales also declined while house prices continued to rise. The USD continued its

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Macro Afternoon

Its not quite fully risk back on yet, although Asian share markets are in the main rebounding in response to a big buy the dip rally on Wall Street overnight, while risk currencies remain stalled in the wake of still strong USD. The VIX is pulling back from its rapid rise while gold and silver

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Macro Morning

Risk is back as oversold stock markets regained confidence overnight, helped along by ECB’s Lagarde’s comments about changing policy settings too soon. The Dow leapt nearly 2% while European bourses all had solid sessions, which should translate into a reversal of sentiment here in Asia. With some mild falls in USD, commodity prices came back

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Macro Afternoon

Asian share markets are having a fun start to the trading week with the broad selloff on Wall Street on Friday night echoing here with Japanese shares in near freefall and the VIX on an epic ride higher. The seismic shift in Federal Reserve intentions continues to resonate throughout risk markets with the USD strengthening

5

Macro Morning

The hawks are squawking as stock markets fell across the risk complex on Friday night with continued fallout from the recent US Federal Reserve meeting. Wall Street tumbled, led by the Dow which was down for the fifth session in a row, while bond markets saw more yields rising on the short end of the

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Macro Afternoon

Asian share markets are finishing the week in mixed fashion yet again, echoing similar moves on Wall Street as seismic shift in Federal Reserve intentions continues to resonate throughout risk markets. Gold is struggling again going into the London session, currently just above the $1783USD per ounce level after being dumped below the $1800 level

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Macro Morning

Share markets were largely contained as the USD extended its gains against the majors following the latest US Federal Reserve meeting. Wall Street remains spooked but has some signs of life remaining with local stocks almost unphased as the Australian dollar skirts new weekly lows. Bond markets are flipping around as well with short dated

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Macro Afternoon

Asian share markets have reacted in mixed fashion to the overnight moves on Wall Street as the latest Fed meeting transmits a more hawkish approach sooner. The USD continues to strengthen against the major currencies  with gold struggling going into the London session, currently just above the $1800USD per ounce level. Bitcoin is vainly trying

7

Macro Morning

A seismic shift in risk markets overnight with the US Federal Reserve moving its so-called dot plot into the affirmative for more rate hikes, sooner than expected. This spooked Wall Street and saw the USD soar against all the major currencies, plus wiping out gold prices.  Bond markets saw a big increase overall in yields

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Macro Afternoon

Asian share markets are mixed again with Chinese bourses continuing to fall, with Japanese stocks joining in while local issues are unchanged. The USD continues to strengthen against the major currencies as volatility drops going into tonight’s Federal Reserve meeting. Gold is trying to lift off the floor after selling off overnight and is slowly

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Macro Morning

Mixed economic news overnight from the US saw Wall Street wobble and turn away from yet another record session high with the latest retail sales much weaker than expected. Currency markets were mixed although Pound Sterling and Aussie dollar fell back against USD while Euro was contained yet again. Bond markets saw a slight increase

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Macro Afternoon

Asian share markets have diverged with Chinese bourses (except the satellite ASX200) dropping while Japanese stocks are helped along by a much lower Yen as USD continues to strengthen against the major currencies. Gold is struggling after selling off overnight and is barely moving at the $1866USD per ounce level with traders of all sorts

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Macro Morning

The first session of the trading week was a modest one overnight and while tech stocks on the NASDAQ bloomed ever higher, most other equity markets stalled out as bond yields rose across the board. Currency markets were equally sanguine without much intrasession volatiltiy although Yen sold off appreciably against USD while commodity prices saw

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Macro Morning

With the US inflation report out of the way, Friday night saw the go signs flash green on stock markets while the USD pounced back on no major news against the major currencies, although the latest US Michigan consumer sentiment survey surprised to the upside. Bond yields saw new lows with 10 year Treasuries again

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Macro Afternoon

A fairly mixed end to the trading week here in Asia following last night’s US inflation print and the latest ECB meeting which embiggened US stocks to new highs but hasn’t quite translated into firm moves across other stock markets so far. The USD is losing ground against all of the majors, but particularly Euro

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Macro Morning

A big night on risk markets with the latest US inflation report coming in as expected, with the ECB meeting also not produce any surprises as stocks lifted across the board. Bond markets spiked before settling down with 10 year Treasuries putting in a three month low with USD slipping against the majors again but

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Macro Afternoon

A more positive tone is setting in across stock markets in Asia following quite a mixed week so far as we all anticipate the Fed’s next move after tonights latest US inflation print. The ECB is meeting as well but seems to have been factored in, although USD is gaining ground against both Euro and

3

Macro Morning

Its a big waiting game out in the risk complex right now as traders position for tonight’s US inflation report, with Wall Street stalling again overnight. Bond markets however are rallying with a big move in 10 year Treasuries that seems to be presaging a robust inflation print while the USD is also slowly firming

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Macro Afternoon

A sea of red across stock market here in Asia following a mixed mood overnight with hesitation possibly turning to fear across the risk complex as the US inflation print looms tomorrow night. The USD remains in a weakish state as Euro and Pound Sterling start to firm going into the London session, although gold

1

Macro Morning

Stock markets remain in hesitation and consolidation mode as we head into the all important US inflation report with overnight sentiment still mixed. Bond yields pulled back while the USD found some lost ground with gold still unable to clear the $1900USD per ounce level. European data was a little softer than expected, particularly German

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Macro Afternoon

Stock markets remain quite flat and uninterested here in Asia following a similar mood overnight with the fallout from the bad-but-good-hangon wait a minute US unemployment report still causing a lot of hesitation in risk markets across the complex. The USD remains in a weakish state, but has firmed slightly this afternoon against undollar assets,

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Macro Morning

Stock markets are in hesitation mode despite the clear US jobs report from Friday night as concerns over the Federal Reserve tapering their stimulus earlier than expected are not yet cleared. Bond yields are up slightly while Wall Street was quite mixed, with tech stocks falling back, while the USD slipped only a little against

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Macro Afternoon

Stock markets are not in an upbeat mood here in Asia despite the risk on mood from Friday night caused by poor-ish US jobs figures that looks set to delay the onset of the Federal Reserve taper aka the taking away of the punchbowl. Undollar assets are holding on to their gains, but only just

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Macro Morning

Not so good news for the US middle class with the latest unemployment data disappointing, but great news for US stocks and the rest of the risk complex as the worries over the Federal Reserve tapering their ebullient bond buyer programs were quickly dashed. The once resurgent USD fell sharply against everything, while Wall Street

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Macro Afternoon

Stock markets are relatively upbeat here in Asia despite the risk off mood from overnight caused by the “too good” private jobs figures that are pointing to a tapering by the Fed if tonights US employment print also goes into the “too good” category.  Bitcoin is rolling over this afternoon after obvious resistance at the

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Macro Morning

Risk markets played the taper game last night with the latest US private jobs data report sweeping aside any notions that the Fed will hold off on tapering their bond buying program, with the latest ISM service survey also showing a huge rebound in the US economy. The USD surged as a result against all

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Macro Afternoon

Stock markets are performing while again in Asia with Chinese bourses again pulling back while traders and bots in general look to moderate before going into tomorrow night’s US jobs report, the most important event on the economic calendar. Currency markets are seeing a rebound in USD strength, pulling the Aussie down while gold prices

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Macro Morning

Risk markets were once again constrained by the upcoming US unemployment print tomorrow night with Wall Street barely clocking over some gains despite a good lead from Asian shares yesterday.  The Fed’s Biege Book surprised to the upside while the latest German retail sales number fell back unexpectedly. This caused a bit of volatility on

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Macro Afternoon

Again we’re getting a lot of mixed signals across stock markets at least in Asia with Chinese bourses pulling back while Japanese and local stocks lift higher, despite the lack of a lead from Wall Street overnight.  This has not yet translated into anything substantial for European markets with futures barely lifting off the ground

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Macro Morning

Wall Street returned from its long weekend and at first was ebullient but sold off all the gains throughout the end of the session, finishing with a scratch result. The US economic releases were solid with a record high manufacturing PMI, while the survey was upbeat but a little mixed. Bond yields moved around a