Australian Dollar

by Chris Becker Stocks are retreating across the region in the wake of the sharp reversal on Wall Street overnight, not quite taking back Monday’s gains, but more importantly putting a lot of fear into a massively correlated market that is stretched too thin.

By Chris Becker  Volatility of the bad kind is creeping in to risk markets with the NASDAQ setting a record high overnight before violently closing 2% lower that took correlated stock markets down with it.

DXY was stable last night: The Australian dollar fell against DMs: Did better versus EMs: Gold held $1800: Is oil rolling over?

by Chris Becker Stocks are jumping out of the gate to start the trading week in a positive mood, following the surge on Wall Street on Friday night which gave a united signal to the risk complex to buy up (almost) everything.

The more things change the more they remain the same, via Bloomie: Faced with the prospect of restricted access to U.S.

By Chris Becker  Another divergence in risk on Friday with Asian share markets having a red session to finish the week, while despite a big surge in COVID-19 cases and deaths in the US, Wall Street pulled a swifty and rocked the risk complex with another solid session.

DXY was soft Friday night: The Australian dollar was softer still: CFTC AUD positioning is now perfectly neutral: Gold eased: Oil held on: Everything China is now bubbling.

Stocks are falling going into the close here in Asia as the trading week ends and markets gear up for earnings season on Wall Street next week.

By Chris Becker  Risk sentiment continues to grow negative – outside of tech stocks – with Wall Street falling in response to the US Supreme Court ruling on the fraud-in-chief’s tax returns and the rising death toll and positive caseload from coronavirus.

It’s all green again across Asian stock markets, and despite rising COVID-19 cases in Tokyo, Japanese authorities are looking to ease restrictions within the nation, boosting economic hopes, while locally the chance of further lockdowns has had no impact on the ASX200, at least for today.

Outside China, risk sentiment is falling again with stock markets in retreat here in Asia with Eurostoxx and US futures looking to start poorly as well.

By Chris Becker  Global risk sentiment soured again overnight in response to more coronavirus fears, with Brazil’s autocratic Bolsanoro now infected, while US deaths spiked to a new daily high, almost reaching a thousand (although likely a lag from long weekend of little reporting).

Sentiment swung back to hesitation this afternoon here in Asia with most bourses reversing course from its sharp rise to the start of the trading week, led by dual breakouts of coronavirus – both Tokyo and Victoria.

By Chris Becker  Risk markets shot out the gate to start the week with fresh vigor, with more economic upside expectations overshadowing rising pandemic concerns across the US and other emerging countries.

A surge in Chinese shares is spurring on risk appetites across the region, with stocks lifting strongly this afternoon, taking risk currencies like the Australian dollar with them but leaving gold and the ASX200 behind.