Australian Dollar

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Risk is back as oversold stock markets regained confidence overnight, helped along by ECB’s Lagarde’s comments about changing policy settings too soon.

Forex markets reversed last night as Fed tapering fought rising oil over the future of inflation.

Nordea with the note: It seems as if chair Powell is already running for the hills in the average inflation targeting relationship.

The hawks are squawking as stock markets fell across the risk complex on Friday night with continued fallout from the recent US Federal Reserve meeting.

Forex markets have comprehensively puked their recent funk into a period of volatility and the Australian dollar is covered in stink.

Asian share markets are finishing the week in mixed fashion yet again, echoing similar moves on Wall Street as seismic shift in Federal Reserve intentions continues to resonate throughout risk markets.

Nordea with the note: A relatively aggressive dot-plot makes for a hawkish read-through to a potential tapering time-plan towards the end of this year.

Share markets were largely contained as the USD extended its gains against the majors following the latest US Federal Reserve meeting.

Sometimes markets are like taking candy from babies.

Asian share markets have reacted in mixed fashion to the overnight moves on Wall Street as the latest Fed meeting transmits a more hawkish approach sooner.

A seismic shift in risk markets overnight with the US Federal Reserve moving its so-called dot plot into the affirmative for more rate hikes, sooner than expected.

Policy error time.

Asian share markets are mixed again with Chinese bourses continuing to fall, with Japanese stocks joining in while local issues are unchanged.

Forex last night was a reflection of weakening US data, fading inflation and diving commodities.

Mixed economic news overnight from the US saw Wall Street wobble and turn away from yet another record session high with the latest retail sales much weaker than expected.

Asian share markets have diverged with Chinese bourses (except the satellite ASX200) dropping while Japanese stocks are helped along by a much lower Yen as USD continues to strengthen against the major currencies.

Nataxis with the latest on Bitcoin: Bitcoin: adjustment nearly over?

The first session of the trading week was a modest one overnight and while tech stocks on the NASDAQ bloomed ever higher, most other equity markets stalled out as bond yields rose across the board.

According to Bloomie, hedge funds are long the Australian dollar: Leveraged funds hold a net long position of 20,509 contracts in the currency.

With the US inflation report out of the way, Friday night saw the go signs flash green on stock markets while the USD pounced back on no major news against the major currencies, although the latest US Michigan consumer sentiment survey surprised to the upside.

A fairly mixed end to the trading week here in Asia following last night’s US inflation print and the latest ECB meeting which embiggened US stocks to new highs but hasn’t quite translated into firm moves across other stock markets so far.

Us yields may be falling owing to the peak in its inflation burst and coming disinflationary bust, but they can;t down to Aussie yields which are falling even faster.

A big night on risk markets with the latest US inflation report coming in as expected, with the ECB meeting also not produce any surprises as stocks lifted across the board.

Forex finally got what it was asking for: lot’s of US inflation.