Chris Becker

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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

1

Macro Morning

US inflation data was slightly weaker than expected but this buoyed Wall Street – outside tech stocks – as the Fed’s expectations of more accomodation were met. The USD 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 eventually

130

Macro Afternoon

Asian share markets are pulling back late in the session with Chinese mainland shares stabilising somewhat after a dreadful start to the trading week and despite the continued bounce on Wall Street overnight. The USD has again found strength against the undollars after a small reversal last night with Bitcoin still above the previous $52K

0

Macro Morning

Equities were aligned finally last night as US tech stocks rebounded sharply as the USD finally reversed direction after making new highs against almost every undollar asset out there in the wake of the bond market implosion. Ten year Treasury yields fell back as well, pushing back towards the 1.5% level while commodities came off

127

Macro Afternoon

Asian share markets are all over the place again as Chinese mainland shares go back into freefall despite the solid run on Wall Street overnight, as NASDAQ futures try to reclaim the previous losses. The USD continues to firm against everything, although Bitcoin has broken free above the $52K level that has been holding it

1

Macro Morning

Stocks were all over the place last night with Wall Street diverging sharply as the tech bubble continues to deflate, while industrials were bid higher alongside a big surge in European stock markets. This follows a big selloff in Chinese shares but a lift in local markets – the correlations are all over the place!

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Macro Afternoon

Asian share markets continue to fall despite the solid run on Wall Street on Friday night as the US unemployment print signalled good times ahead for the US economy. The USD continues to firm against everything, although Bitcoin gapped above the $50K level this morning and is having a stab at breaking through its previous

0

Macro Morning

Friday night saw the release of the monthly US jobs figures – aka nonfarm payrolls – that sets the tone for risk sentiment for the rest of the month. A stonking result with a revised upward previous figure sent Wall Street higher and out of its funk with a near 2% gain across the board.

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Macro Afternoon

Another sea of red for Asian stocks going into the end of the trading week but at least its not a bath of blood like that found on Wall Street at the moment, with minor retracements and some buying support evident. Bitcoin however can’t find any more buyers to shore up the recent rout, with

4

Macro Morning

Sour risk sentiment seems to be gravitating along Wall Street again with another 2% drop across the main bourses overnight, as the fallout from the selloff on the bond market continued. Ten year Treasury yields popped through the 1.5% level with Fed Chair Powell disappointing the market with his recent comments as the USD soared

133

Macro Afternoon

Asian stocks are swimming in a sea of red today due to the growing lack of confidence on Wall Street overnight, as risk sentiment reverses yet again as bond markets continue their own selloff.  Bitcoin found a lot of sellers this afternoon after building up and beyond the $50K level with last week’s intrasession resistance

2

Macro Morning

Another reverse in risk sentiment overnight with Wall Street properly falling led by tech stocks this time as the bond market continues its selloff. A possible catalyst was a poor US private employment print but also the latest ISM services PMI didn’t excite, reducing expectations. The USD came back against most of the majors, with

156

Macro Afternoon

Asian stocks are pushing higher today despite the stumble on Wall Street overnight, as risk sentiment reverses yet again despite a temporary reprieve on bond markets and a slightly weaker USD.  Bitcoin is building up again after its previous weak start to the trading week, again pushing back toward the $50K level with last week’s

5

Macro Morning

The USD reversed course overnight, with Euro in particularly shooting higher on the back of firm EZ wide inflation figures, although German retail sales disappointed. Wall Street got the stumbles and stalls though as Treasury yields were ranged bound overnight. Commodities were mixed with copper rising nearly 3% while oil came off slightly again as

121

Macro Afternoon

Asian stocks have tried to follow the rebound from overnight markets, but have failed across the region, with this relief rally seemingly short lived. The March RBA meeting resulted in no change with the Aussie still depressed following its big reversal last week as other major currencies remain under the thumb of a stronger USD

1

Macro Morning

Shares have bounced back from their volatile end of week shock following the bond market implosion, but the same can’t be said for currencies or indeed bonds, with Treasury yields lifting again overnight.  Very strong US economic data is keeping the USD high, with the latest ISM manufacturing report the best in four years while