Chris Becker

93

Macro Afternoon

Asian share markets are moving higher going into the Easter break with the firmer lead from Wall Street and some better than expected economic prints helping risk sentiment.  Bitcoin is again relatively strong but remains unchanged as it finds more resistance at the $59K level while gold is poised here to breakout higher on its

1

Macro Morning

President Biden’s new big infrastructure plan didn’t shake up markets as expected with Wall Street absorbing the proposed tax increases while the USD finally gave up some ground against the major currencies after being super strong all week. Treasury yields fell back slightly again but still remain above the 1.7% level as commodity prices were

65

Macro Afternoon

Asian share markets are pulling back despite very solid manufacturing PMI prints in China and the end of fiscal year window dressing in Japan.  Bitcoin is again relatively strong but remains unchanged and elevated above the $58K level as it tries to get back above its recent record high above $60K: The Shanghai Composite started

9

Macro Morning

It was a case of repeated expectations overnight on share markets at least, with the mixed Asian lead not upsetting the continued rise in European markets while Wall Street stumbled yet again in the wake of new tax increases for Biden’s new big infrastructure plan.  The USD made another high, pushing Euro and the Aussie

63

Macro Afternoon

Asian share markets are again quite mixed with Japanese stocks this time not moving while local shares pull back inline with the Brisbane (and greater QLD?) lockdowns, while Chinese shares surge. Bitcoin remains relatively strong but unchanged above the $57K level while gold is really struggling here after collapsing overnight and is now threatening the

6

Macro Morning

Last night saw a pause in rising risk sentiment due to an absence of economic or other catalysts, although the freeing of the Ever Given ship in the Suez Canal should bode well for global trade.  The USD made a five month high, pushing Euro down again while the Aussie dollar failed to gain traction.

75

Macro Afternoon

Asian share markets have started the trading week in mixed fashion with today’s session seeing most markets pulling back and only Japanese stocks advancing. Bitcoin gapped higher, continuing its Friday session bounce to almost punch through the $55K level  but still remains in a weekly downtrend after rebuffing the $60K level: The Shanghai Composite is

1

Macro Morning

Friday night saw risk sentiment firm once again going into the end quarter/month as the hastened pace of the vaccine rollout in the US embiggened economic efforts as the Fed gave US banks the go ahead to increase dividends. This lead to another record high on Wall Street will seal the deal for Asian stocks

0

Macro Morning

Risk sentiment came back overnight with both European and Wall Street bouncing back as volatility on bond markets pulled back slightly and the USD continued to lift on the back of strong initial jobless claims overnight. Concerns over the Suez canal supply blockage continue to rattle commodity markets, with oil dropping 4% and copper down

136

Macro Afternoon

Asian share markets are extremely mixed in today’s session with Japanese stocks rebounding while Chinese shares remain nearly unchanged in response to last night’s selloff in tech stocks on Wall Street. Bitcoin continues to really struggle with another selloff going into the European session with the four hourly chart broadcasting more downside to follow as

2

Macro Morning

Tech stocks fell sharply again on Wall Street as volatility around currency and bond markets was abated somewhat, despite the release of solid flash PMIs and a poor durable goods order print blamed mainly on the weather. The USD firmed again, while oil prices jumped on the Suez canal supply blockage, in what looks like

145

Macro Afternoon

Asian share markets continue to fall across the region, save locally with the poor lead from Wall Street and rising concerns over COVID in Europe with Chinese shares leading the way again.  Bitcoin continues to really struggle here with another weak session going into the European session with the four hourly chart broadcasting more downside

1

Macro Morning

More lockdowns across Europe and less risk taking saw Wall Street fall overnight with tech stocks leading the way again as the USD firmed against everything with Pound Sterling and Euro making new weekly lows although Yen remained firm. Treasury yields fell back well below the 1.70% level in response to very poor US home

138

Macro Afternoon

Asian share markets have ignored the good lead from Wall Street overnight and have continued their very mixed start to the trading week with Chinese equities selling off fast in the wake of the US/Allied sanctions, while Japanese and local markets tread water.  Bitcoin is really struggling here going into the European session with another

2

Macro Morning

The USD retreated overnight slightly, helping risk currencies like the Australian dollar as the bond market settled with 10 year Treasury yields pulling back to the 1.70% level. Wall Street was more unified with tech stocks pushing the whole edifice higher, starting the week on a BTFD fill, while Euro stocks diverged in response to

155

Macro Afternoon

Asian share markets are having a very mixed start to the week in response to an equally mixed mood on Wall Street on Friday night with the fallout from the run in the Turkish Lira following the weekend sacking of the central bank governor has seen many risk currencies gap lower against USD.  Bitcoin did

1

Macro Morning

Wall Street was again all over the place on Friday night with tech stocks rebounding after the NASDAQ fell over 3% on Thursday while the rest of the risk complex fell following the moves in Asian and European equities. 10 year Treasury yields again moved, extending gains past the 1.70% level, while the USD remained

140

Macro Afternoon

Asian share markets are finishing the week in selloff mode in response to the falls in tech stocks on Wall Street overnight and the continued uptrend in sovereign bond yields.   The USD remains firm against the major currencies, although there has been a slight reprieve later in the session with some volatility around the latest

1

Macro Morning

Tech stocks took a terrific pounding overnight with the NASDAQ falling over 3%, dragging the rest of the risk complex down with it as the bond market continues its implosion post the FOMC meeting. 10 year Treasury yields shot higher overnight, straight through the 1.70% level, pulling all other sovereign bonds higher including Aussies (now

116

Macro Afternoon

Asian share markets are largely trending higher in response to the surge on Wall Street overnight, however local markets have fallen back on a white hot unemployment print that has sent the Aussie dollar higher. The USD remains in a weak state following the Fed’s meeting last night with all eyes on Pound Sterling going

2

Macro Morning

Last night saw the Federal Reserve FOMC meeting leaving policy settings unchanged and very accomodative with the USD selling off sharply against the major currency pairs as a result while Wall Street found some lost confidence later in the session.  The bond market saw 10 year Treasury yields trading to the 1.69% level before falling

88

Macro Afternoon

Asian share markets are back tracking from their previous bullish run in response to the very mixed lead from Wall Street overnight as the bond market continues to signal higher yields ahead. The next Federal Reserve FOMC meeting begins tonight and that’s why everything has been in a holding pattern of sorts with the USD

4

Macro Morning

Wall Street was very quiet and risk averse overnight while European bourses continued the bullish trend from the Asian session as US traders await tomorrow’s FOMC meeting. The bond market was equally quiet with 10 year Treasury yields range trading around the 1.5 to 1.6% level, while the USD firmed mainly against Euro and Pound

175

Macro Afternoon

Asian share markets are getting more bullish after their lacklustre start to the trading week yesterday with risk expectations rising on stimulus hopes from the US and probable much higher Treasury yields. The USD is largely unchanged against the majors while Bitcoin slumped to the low $53K level after recently jumping to a new record

2

Macro Morning

Share markets are have a tepid start to the trading week, although a late surge on Wall Street this morning could provide a bit more fire for Asian equities to get moving on the open. European markets retreated even as bond yields pulled back a little, while the USD range traded against the majors but

180

Macro Afternoon

A mixed start to the trading week here in Asia, following an equally mixed finish on Wall Street on Friday night with most stock markets putting in very minor gains or scratch sessions, although mainland Chinese markets continued their selloff. The USD is coming back against the majors while Bitcoin jumped to a new record

2

Macro Morning

Friday night saw the release of US PPI inflation and European industrial production numbers, both meeting expectations but resulting in currencies round tripping with tepid finishes to the trading week on most equity markets, as the NASDAQ slumped in the wake of higher bond yields. Both Treasury and European sovereign bond yields spiked higher again

233

Macro Afternoon

Almost complete green across the board on Asian stock markets as the signing of the huge US fiscal stimulus continues to act as a very positive catalyst across risk markets with a lower USD also elevating risk currencies like the Australian dollar and commodities. Bitcoin has again rebuffed its previous historic high after having a

0

Macro Morning

The ECB meeting produced no surprises but continued the inflection on USD which continued its minor pullback, extending losses against the major currencies with gold trying to stay above the $1700USD per ounce level. Ten year Treasury yields were looking to fall back well below the 1.5% level on the back of the latest US

76

Macro Afternoon

The latest US fiscal stimulus is acting as a positive catalyst across risk markets with Chinese mainland shares finally bouncing back after some soothing words from state media after a dreadful start to the trading week. The USD is steadying against the majors as bond markets also stabilise somewhat as Bitcoin rebuffs its previous historic