Chris Becker

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Macro Morning

Risk sentiment has flipped to one of unease given the combination of further hawkish comments from the Fed and heightened tensions over US Speaker Pelosi’s visit to Taiwan, confirming the glass jaw of Chinese diplomacy is still as fragile as ever. This sent Chinese stock markets down sharply yesterday with currency volatility not far behind

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Macro Afternoon

Asian stocks are having a poor session given the rising tensions in China and a pause overnight from more hawkish Fed talk, with Chinese stocks continuing their selling while the RBA meeting went and gone with no change in local stocks. The Australian dollar slumped on the 50bps rise by the RBA, after failing to

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Macro Afternoon

Asian stocks are having a solid start to the trading week with Chinese stocks still the laggards but avoiding the steep falls from Friday’s session. The mixed earnings from Wall Street is not overshadowing risk sentiment as all risk markets keep lifting as the USD strength wanes slightly. Yen remains strong while the Australian dollar

1

Macro Morning

Risk sentiment remains quiet upbeat as share markets continue to ignore inflationary spikes and poor economic data with the latest US personal income and consumer sentiment results intially pushing USD higher before retracing later. Currency markets are still pushing for a weaker USD although the Euro remains in an holding pattern with the Australian dollar

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Macro Afternoon

Asian stocks are having a very mixed end to the trading week with Chinese stocks pulling back strongly on the poor US GDP rpint, while Australian markets are having grand time to push the ASX200 above 6900 points. Market’s are still absorbing the latest Fed rate hike and subsequent slowdown signaling with the USD losing

1

Macro Morning

Risk sentiment remain ebullient overnight as markets basically ignored the latest disappointing US GDP print as German inflation picked up higher than expected. Wall Street and European stocks rose around 1% across the board while the USD was down slightly, as Euro remains in an holding pattern with the Australian dollar almost pushing through the

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Macro Afternoon

Asian stocks are having a relatively good response to the overnight higher risk sentiment following the latest Fed rate hike and subsequent slowdown signals, yet Chinese shares remain the laggard in the region. Stronger moves against USD are still holding on with the Australian dollar just above the 70 level while oil prices are slowly

3

Macro Morning

Risk sentiment turned around overnight as markets reacted positively to the latest Federal Reserve rate hike, with signalling that its not going to go as high as expected. This sent Wall Street up more than 2% across the board and pushed the USD down against all the undollars, with the Australian dollar almost pushing through

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Macro Afternoon

Asian stocks are actually looking to finish slightly higher as the overnight wobbles have not translated into the falls expected in today’s session, as traders await tonight’s FOMC meeting. The USD remains in a holding pattern against the undollars with today’s dartboard CPI print not really affecting the Australian dollar, still hovering above the 69

2

Macro Morning

Risk sentiment soured overnight as stock markets pulled back after being in a holding pattern waiting for the next Federal Reserve interest rate hike at the upcoming FOMC meeting this week. Both European stocks and Wall Street had lower sessions while on currency markets saw a resurgence in USD strength particularly against Euro and the

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Macro Afternoon

Asian stocks have engaged slightly higher as the lack of bad news begets good returns until this weeks FOMC meeting at least. Chinese stocks and their satellite Australian counterparts are doing well with the Australian dollar about to make another new weekly high, but still just shy of the 70 level.  Oil prices are pushing

0

Macro Morning

Risk sentiment was steady overnight as markets remain in a holding pattern waiting for the next Federal Reserve interest rate hike at the upcoming FOMC meeting this week. Both European stocks and Wall Street had scratch sessions amid lower volatility while on currency markets the USD pulled back slightly although it clawed back some ground

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Macro Afternoon

Asian stocks have slipped in the first session of the trading week due to the very disappointing global PMI prints from Friday night that saw Wall Street lose over 1%. Local stocks have weathered the poor start a bit better with the Australian dollar managing to almost hold on to its recent weekly high.  Oil

0

Macro Morning

Risk sentiment wobbled on some disappointing PMI results on Friday night with Wall Street pulling back from its nascent rally while European stocks finished dead flat. The two year lows in manufacturing and the contraction in services weighed particularly on currency markets with the USD outperformed by other safe havens like Yen, with Euro still

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Macro Afternoon

Asian share markets are putting in solid sessions as we end another trading week although Chinese shares are again mixed due to COVID concerns with tech stocks pulling risk taking down, despite some really strong leads from Wall Street overnight. The ECB rate hike is keeping undollars elevated although the USD is basically in a

5

Macro Morning

Risk sentiment remains solid despite the ECB coming out flying with a 50bps rate hike overnight, with Wall Street and European stocks actually not that fussed, while currency markets absorbed it with aplomb. The USD remains somewhat weak against the majors although Euro didn’t fly as high as expected, with the Australian dollar firming above

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Macro Afternoon

Asian share markets are somewhat mixed with peripheral bourses lifting as risk sentiment cotnineus to firm on Wall Street but Chinese shares are the laggards in terms of risk taking. The USD is in a holding pattern against the major undollars as traders await tonight’s ECB meeting while the Australian dollar gets back above the

1

Macro Morning

Risk sentiment is still flying high despite more disturbing inflation prints in Brexit-land and Euro-land overnight.  European stocks had a pause while Wall Street continued to lift higher with the recent weakness in USD flipping with Euro pulling back below the 1.02 level while the Australian dollar also eased off the throttle to finish below

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Macro Afternoon

Asian share markets are green across the board as risk sentiment firms once again with a very solid lead from Wall Street overnight. The USD is still in mild retreat mode from its own reversal with Euro pushing above the 1.02 handle while the Australian dollar firms above the 69 level. Oil prices are moderating

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Macro Morning

Risk sentiment is riding the rollercoaster once more this time an upleg despite any catalysts or fresh news. Wall Street soared overnight, lifting nearly 3% across the board, as European stocks continued to bounceback.  The recent weakness in USD continued with Euro lifting above the 1.02 level while the Australian dollar pushed through the 69

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Macro Afternoon

After a solid start to the trading week, Asian share markets are getting wobbly as risk sentiment reverses yet again on Wall Street overnight. The USD is still in mild retreat mode from its own reversal with Euro remaining above the 1.01 handle while the Australian dollar firms above the 68 level as today’s RBA

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Macro Morning

Risk sentiment is riding the rollercoaster again, in the absence of any economic news as Wall Street pulled back overnight, taking back half of its Friday night gains and putting traders in hesitation mode for the Asian session today.  The new found weakness in USD continued however with Euro lifting above the 1.01 level while

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Macro Afternoon

A solid start to the trading week for Asian share markets following the big lead from Wall Street and European shares on Friday night as risk sentiment reverses on the back of good US data. The USD is still in retreat mode from its own reversal with Euro back above the 1.01 handle while the

2

Macro Morning

Friday night saw a big lift on trans-Atlantic share markets with US retail sales and consumer sentiment surprising to the upside, while corporate earnings at least weren’t as disappointing. Wall Street rallied nearly 2% across the board while the USD finally had a breather against everything undollar with Euro looking to bottom out at parity

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Macro Afternoon

Asian share markets are not finding much confidence to end the trading week with the latest economic data from China not helping. The USD remains too strong against everything, with Euro ready to crack below parity while the Australian dollar is hovering above the 67 handle. Oil prices are still under pressure with Brent crude