Australian Dollar

DXY is not going away.

Risk markets are again pivoting on more tantrums from the Oval Office as the Trump regime lashes out at Canada and Venezuela via the usual online 12-year old boy tantrums from the Mango Mussolini.

A probable meeting between Xi and Trump next week gave some stability to markets over macro concerns that have outweighed earnings release on Wall Street, which rallied alongside European stocks overnight.

Asian share markets are facing mixed sentiment throughout the region with a squeeze on Ruzzian oil due to sanctions helping the sweet crude market while Japanese politics are seeing a selloff in Yen and in stocks.

Macro concerns outweighed earnings on Wall Street and in Europe overnight as concerns over stalemate on US-China trade negotiatiosn plus more Ruzzian sanctions intensified.

DXY has stopped falling and that’s about all we can say about it.

Asian share markets have paused their recent strong rebound on the Trump TACO trade as not much news around the traps keeping most risk markets in a holding pattern.

Earnings on Wall Street failed to get things moving overnight amid a lack of other economic or macro catalysts with most risk markets returning scratch sessions or barely higher in the end.

DXY is not going away.

Asian share markets have continued their strong rebound on the Trump TACO trade helped along by calm returning to Japanese politics with a new PM while local markets saw a lift in rare earth miners on the back of the Albo “deal”.

A further rally on Wall Street overnight due to more solid earnings which overshadowed the subprime drama in regional banks, helped along by a positive reaction here in Asia in yesterday’s session to strong Chinese GDP numbers.

DXY is up.

Asian share markets have rebounded strongly on the TACO trade as the Trump regime looks like folding yet again over its tariff threats on China while the USD tries to take back a lot of lost ground against the majors but is only barely making headway.

A possible change in sentiment from the Trump regime towards China gave Wall Street a boost on Friday night with the TACO trade now in full swing.

DXY fell away.

A sea of red across Asian share markets in the last session of the trading week in response to the slip on Wall Street overnight, largely due to overstretched financials as they try to absorb the folly of the Trump regime’s tariff campaign.

Wall Street was slammed lower mainly led by financials but also small stocks as trade war tensions are keeping most risk markets contained.

DXY no bueno.

Trade war tensions are keeping most risk markets contained but not in selling mode as Wall Street lifted again despite sentiment around the US economy as the latest Biege Book from the Fed was released overnight.

DXY is fading again.

Wall Street is trying to continue its rebound from its Friday night slump while navigating a speech by Fed Chair Powell as other risk markets are still expecting another TACO trade setup when the Fat House eventually capitulates.

DXY is hovering.

Asian share markets are still stumbling following some potential progress on the rare earth US-China trade war while local economic releases and the latest RBA minutes are not really supporting more rate cuts for now.

Wall Street was able to rebound from the Friday night slump with all markets expected another TACO trade setup in the latest bruhaha with the Chinese over rare earth exports.