Australian Dollar

Asian share markets are generally doing better although local shares are falling back on probable profit taking as other risk markets sentiment remains neutral going into tonight’s Jackson Hole conference.

DXY is back.

Overnight saw Wall Street stumble for the fifth consecutive session as traders get nervous about tonight’s Jackson Hole meeting and possible big changes at the Federal Reserve proper as the Trump regime wants to install sycophants on the board ASAP.

Australian stocks led the way to a new record high today but the rest of Asian share markets were mainly down across the board as risk sentiment continues to shift further into negative space as we all await the Jackson Hole conference tomorrow.

DXY is refusing to go away.

Overnight saw Wall Street stumble again, as big tech stocks couldn’t do the heavy lifting while European markets also pulled back slightly although the rising FTSE was an outsider.

Asian share markets are mainly down across the board as risk sentiment continues to shift further into negative space as we all await the Jackson Hole conference on Friday with Fed Chair Powell expected to make some comments regarding the actual trajectory of the US economy before he likely gets fired.

Geopolitics again dominated the newsflow overnight, although the latest Canadian CPI print gave off a bit of a reverberation across currency markets with the USD pushing most of the majors down slightly as the Loonie almost went back to its recent monthly low.

DXY is warming up.

Asian share markets are flat or slightly down across the board in another very quiet session as macro news remains dominated by the farcical White House talks between Europe, Ukraine and the Trump regime.

DXY is refusing to go away.

Last night was all about geopolitics with an absence of economic releases for markets to pivot on, the result being a staid session on Wall Street and across the Atlantic as European stocks pulled back slightly.

Asian share markets are green across the board in a very quiet session as macro news is dominated by Trump getting played by Putin over the weekend while his regime tries to bully India and China with little result.

DXY is still trending up but it’s a struggle.

Friday night saw the release of the latest US retail sales numbers with import prices spiking and consumer inflation expectations rising again, getting traders further worried on Wall Street.

Asian share markets were dominated by Chinese data today with weakness across their domestic economy while Japanese GDP data came in slightly better than expected.

DXY is up again.

This time an inflation print actually got traders worried on Wall Street with the latest US PPI coming in hot overnight showing that the tariff “push” is slowing coming through the US economy.

Asian share markets were doing well until US Treasury Secretary Bessent stuck his foot in his mouth calling on the BOJ to lift rates while local markets surged on a stronger than expected July unemployment print.

A staid night on the economic calendar with Wall Street closing at new record highs while European stocks played catchup as it seems the impact of US inflation is being discounted sharply by market players while the Fed continues to signal caution.

Asian share markets are generally boisterous in correlation with the equally euphoric Wall Street which was able to swing a higher domestic inflation print into an increased probability of an interest rate cut by the Federal Reserve in September.

DXY fell last night.

Asian share markets are seeing a strong bid led by Japanese markets as they return from their long weekend with traders all waiting in anticipation of tonight’s US CPI print that is now becoming as important as the jobs print on the economic calendar.

Last night saw risk markets stumble due to a lack of economic catalysts as traders await tomorrow’s US CPI print to see how sticky the inflation from the Trump regime’s stupid tariffs are affecting US consumers and hence the trajectory of the US Federal Reserve.