Australian Dollar

Share markets are steady across most of Asia, with most putting in scratch sessions or minor losses (except the ASX200) in line with a hesitant overnight risk complex – sans the crazy NASDAQ!

By Chris Becker  The NASDAQ was the only stock market that lifted overnight and that was due to nefarious share splits as speculators rushed in, pushing the edifice higher while everyone else looked around and nervously swallowed.

by Chris Becker Outside the ASX200, share markets are rising across Asia with S&P futures looking to put on even more record highs tonight as the USD weakens against everything.

By Chris Becker  The divergence between reality and Wall Street grows ever stronger with equity markets outside Manhattan continuing their sideways or lower moves as valuations get stretched.

No, it’s not.

by Chris Becker Outside the ASX200, share markets are rising across Asia with S&P futures spiking on the back of the Trump nomination speech at the White House where he lied about well, almost everything, but markets hung on to the anti-Chinese comments for some reason.

By Chris Becker  The NASDAQ stumbled overnight, mainly due to Netflix and Facebook finally taking some profit, while Tesla kept zooming higher, but the rest of risk complex is taking a deep breath at the moment as Fed Chair Powell announced different inflation targeting in his speech overnight.

Iron ore prices for August 27, 2020: Everything down a bit.

DXY was roughly stable last night.

by Chris Becker Mixed sessions again here in Asia as share markets wait with baited breath for Fed Chair Powell to have a say at the virtual Jackson Hole meeting later today, with European and US futures down a little as the sidelines get crowded.

Did somebody leak tomorrow’s Powell speech?

By Chris Becker  The record highs on Wall Street keep coming while European shares overcame their recent hesitation as the US durable goods order came in higher than expected, bolstered by some Federal Reserve officials take on the stock market and economy.

by Chris Becker Asian share markets have been unable to translate the wild ride on Wall Street into anything tangible, instead following the flat European lead.

By Chris Becker  The record highs on Wall Street keep coming while European shares found some hesitation even as the closely watched IFO survey came in strong as the continental recovery seems on track – bar a second wave of COVID-19.

by Chris Becker Asian share markets are broadly gaining in line with European and American stocks overnight, with better US/China relations the perceived catalyst.

By Chris Becker  More record highs on Wall Street as already discounted positive news about COVID-19 therapeutic treatment was doubled down again, this time across Europe with the much higher USD helping offset domestic currencies.

by Chris Becker Asian share markets have seen a modest start to the trading week with mild up sessions almost in line with Wall Street’s lead from Friday night.

By Chris Becker  More record highs on Wall Street on Friday night with a slowdown in new COVID-19 cases and better than expected PMIs lifting sentiment across the board although again, European share markets are hesitant at best.

DXY was up again Friday night: Australian dollar snapped lower: Though couldn’t outpace EMs: Gold held: Oil stalled: Metals puked a little: Miners more: EM was OK: Junk too: As US bonds were bid: Driving stocks to new highs: Pretty much as expected.

by Chris Becker Asian share markets have had a quasi successful end to the week, but the hesitation in following the razor thin breadth on Wall Street is obvious.