Australian Dollar

Some interesting local and Chinese reports were absorbed by markets in Asia today, with all eyes really on Friday’s US non farm payroll print and of course, any more waffles coming from the Oval Office about “deals” around Trump’s tariffs.

DXY struggles on.

A better night on Wall Street due to better earnings reports and by absorbing the Canadian general election outcome.

Risk markets are trying to digest quite a bit of macro news today with the Canadian election resulting in a Liberal victory, while a small reprieve in auto tariffs by the Trump regime looks possible amid the UK/EU announcing what could be a reversal in post Brexit trade barriers.

DXY is hanging on…just.

An uneasy night on Wall Street with minor moves as more earnings reports filter through amid more bluster from the Trump regime about nonexistent Chines tariff negotiations helping push USD lower against most of the majors as Pound Sterling hits a new three year high amid a UK/EU detente on trade.

Wall Street ended the trading week on a strong note, continuing the rebound from recent lows after more flopping on tariffs from the Trump regime however a weekend Time interview and further comments out of the White House could unsettle markets again.

DXY is up some more.

Risk markets are still in a positive mood generally speaking as they digest the possible weakening of Chinese tariffs but of course the Orange Mussolini is still a bit confused on what he wants to do at the granular level with more doublespeak during the session.

DXY is back.

As the Trump regime folds faster than a dodgy poor chair on its tariff tirade against China, risk sentiment is bouncing back across most but not all markets with US and European stocks surging overnight while the USD firmed against the undollars.

In surprise to no one, the Trump regime has wavered first as it signals “very nice” but probably non-existent trade talks with China and nullifies suggestions that Fed Chair Powell’s head is on the chopping block.

DXY finds a footing.

DXY is a falling comet aiming for an extinction-level event.

Risk sentiment continued its decline over the Easter weekend with Wall Street snapping back nearly 3% lower overnight as it appears all the puffery around trade deals from the Trump regime is exactly that – hot air!

What a difference an election makes!

The Australian dollar has rallied strongly against the US dollar after hitting a two-year low following the announcement of President Trump’s “Liberation Day” tariffs.

Volatility in equity markets is ramping up after another round of Trump tariff nonsense against China while a miss or two amongst US tech stocks is not helping risk sentiment with S&P and Eurostoxx futures sharply down going into tonight’s session.

Risk sentiment is flat lining again as stock market volatility moves lower but all eyes still remain on US Treasuries and the USD itself with Swiss Franc now taking the lead while Euro took a slight back seat on poor sentiment readings in Germany.

Volatility in equity markets is slowly cooling down and indeed spreading to currency markets with some range trading across the Asian session today although the Kiwi is making big gains against the USD while the Australian dollar remains well above the 63 cent level this afternoon.

DXY is at critical support.

Risk sentiment is slowly lifting and stock volatility moving lower but all eyes must remain on global bond markets and the USD as the big shift is happening beyond the equity market headlines.

Finally a relatively non-volatile trading session today although the newsflow remains weird with more Trumpian two-steps around tariffs on Chinese goods, while all eyes remain on the canary in the mine – the bond markets.