Australian Dollar

Last night’s first session of the trading week lacked any major catalysts with stocks on both sides of the Atlantic slipping, Wall Street more so as oil prices took a dive despite some more strategic building of US reserves.

Asian share markets are doing poorly in the first session of the trading week despite the rebound on Wall Street on Friday night with the weekend gap providing some volatility.

BNP isn’t sparing the forex horses.

Friday night saw some soft-ish comments from Fed Chair Powell force bond yields and the USD lower, giving Wall Street a bump up higher instead.

Asian share markets are fumbling in the final session of the trading week as a stronger USD dominates risk sentiment although a swathe of contradictory PMI readings from Japan, Australia and China kept currency and bond markets second guessing.

DXY rebounded: AUD fell: Whole crap complex fell.

Bond yields rebounded overnight as the USD firmed strongly against the currency majors, leaving to wobbly returns on Wall Street despite a decline in PCE inflation numbers.

Asian share markets are doing a better job in finishing the trading week with mostly positive returns as the USD strength eases off slightly.

Bond yields fell back again but the USD finally found some life overnight on the back of upwardly revised 3Q GDP data while a slower than expected German CPI print was a headwind for Euro.

DXY is the world’s whipping boy now: AUD flies: CNY is stalled which will weigh on AUD if it continues: Brent is being helpful.

Bond yields fell back slightly alongside the USD overnight on the back of mixed US economic data and reactions to a slew of Fed speeches, while stock markets coasted through without much volatility.

Asian share markets are struggling to post positive returns with the USD coming back slightly after a stumble on Friday night with Wall Street expected to again open a little lower following the wobbly session post the Thanksgiving holiday and absorbing last night’s disappointing home sales data.

Stock markets fell back slightly alongside bond yields overnight as risk sentiment remained somewhat muted in the absence of key economic data with a focus on very soft US new home sales data.

Asian share markets are mostly in a negative mood, with King Dollar still falling back slightly after its Friday night selloff while Wall Street is expected to open a little lower following the truncated session post Thanksgiving.

A shortened session on Wall Street on Friday night saw risk markets remain somewhat muted without much direction although USD moved broadly lower in currency land.

DXY sagged Friday night: That was enough for AUD upleg: CNY is stalled: Gold up, oil down: Dirt is in the great sideways: Miners are going to be a nice short soon: EM faded: Junk rolled: As yields popped: Stocks meh: Nothing is going anywhere unless or until Treasury yields fall further, taking DXY.

DXY is paused: AUD too: The peg too: Oil faded: And dirt: Miners are still caught ina nasty descending triangle: EM yawn: Junk hope!

Risk markets were somewhat muted due to the US Thanksgiving holiday with Wall Street and US bond markets closed, with little change in USD as well in currency land.

Asian share markets are mostly in a positive mood, with rising positive sentiment across the risk complex with King Dollar still lifting slightly after its recent reversal, but the Australian dollar continues to hold on to its new monthly high above the 65 cent level.

US bond markets and the USD rose again on some interesting secondary data overnight as initial jobless claims came in softer than expected, giving Wall Street a small mid-week boost after flagging momentum.

Asian share markets are mostly in a flat mood, reflecting the lack of positive sentiment across the risk complex with King Dollar still lifting slightly after its recent reversal, but the Australian dollar continues to hold on to its new monthly high above the 65 cent level.