Australian Dollar

The Australian dollar sold off again overnight, now putting in a two week long triple top pattern as it continues to rebuff the 78 cent level versus USD.

Wall Street regained ground last night, with the S&P 500 finishing at record closing levels as better-than-expected weekly jobless claims and upbeat GDP figures reinforced the Fed’s accomodative view. A slew of post-close earnings from tech giants may upset the Apple (sic) cart to finish out the week later tonight though.

Green across the board for stock markets across Asia following last nights FOMC meeting but its all about earnings and record commodity prices as risk sentiment continues to bubble over.

Last night’s Federal Reserve FOMC meeting put a rocket back under the Australian dollar completely wiping out the pullback on the ABS CPI print yesterday that undershot inflation expectations.

A big night on equity markets with an avalanche of earnings reports on Wall Street just after the latest Federal Reserve meeting which in the end was a fizzer for stocks all round.

Asian stock markets are rallying for the most part across the region with the latest CPI print locally shooting to the underside and given local stocks a small boost.

The latest (sic) quarterly inflation report from the ABS has dented hopes of a higher Australian dollar following its release, with headline CPI at 0.6% for the quarter, much lower than the 0.9% expected with the yearly print also undershooting, at just above 1% instead of the 1.4% expectation.

Another shaky night on equity markets as traders position themselves for tonight’s Federal Reserve meeting which could prove crucial to the future of the correlated post-COVID bubble.

Another mixed day across Asia with the latest BOJ interest rate meeting rattling Japanese stocks somewhat while the USD remains weak against Asian and commodity currencies going into tomorrow night’s Fed meeting.

Expectations of a more accomodative Federal Reserve later in the trading week kept Wall Street up at first overnight before late selling saw a mixed result.

The trading week has started in mixed fashion with Asian stocks again all over the place, despite a very strong lead from Wall Street on Friday night.

Friday night saw more macro events rather than economic ones push around risk markets with Wall Street finally bouncing back as European bourses bobbed around in the wake of the latest ECB meeting.

Another wild night on markets Friday.

Asia stocks are all over the place, finishing the week on a very mixed note given the wobbly lead from Wall Street all week.

Several events pushed around risk markets overnight, thwarting the bounceback on stocks on Wall Street with the latest tax increase by President Biden the main stopper.

The Australian dollar tumbled again last night as risk took another hit.

Asia stocks have put on a mixed rebound to the reversal on Wall Street overnight as the USD is firming slightly against all the majors except Yen and Chinese Yuan as Euro and Pound Sterling remain relatively stable.

Risk is bouncing back with Wall Street leading the charge overnight for no tangible reason apart from sentiment and technical oversold reasons as market catalysts remain scarce.

DXY was soft again last night as a strong EUR took down DXY: The Australian dollar did better against all DMS: Gold is convinced of further DXY weakness ahead.

It’s a sea of red across Asian share markets as risk correlations dive deep into the negative zone started by the tech selloff on Wall Street and continuing as concerns over the rapid spread of COVID mount.

Another night of selling on Wall Street and across the Atlantic in Europe on risk aversion around the burgeoning 2021 COVID crisis as the WHO let out a stark alarm about the growing number of cases worldwide.

Markets were hit last night as COVID-19 worries resurfaced.

Asian share markets are generally lower in line with the selloff of tech stocks on Wall Street overnight with only Chinese shares advancing.

Wall Street fellback from its record highs after Congress decided to hit the tech heavies with more anti competition legislation while the USD was also effected as Euro spiked to a new weekly high above the 1.20 handle.