Australian Dollar

Asian markets gapped lower and were bearish throughout the session until a surge in the afternoon saw many put in scratch sessions or mild rises.

  By Chris Becker  The latest US CPI data and somber (i.e realistic) testimony from Dr Fauci about the coronavirus in the US put a big dampener on risk taking overnight with US stocks falling 2% across the board.

A mixed trading session throughout Asia with most stock markets slipping or putting in scratch sessions in response to the equally mixed and cautious run on Wall Street overnight.

And then some apparently.

And there you have it, ban away: And the result will be a lower AUD over time, lifting all other export revenues and making us more competitive in other markets that don’t come with “no freedom for you” strings attached.

  By Chris Becker  Increased trade tensions between China and the US added caution to the mix in a flat session overnight on risk markets with most bourses making a hesitant start to the trading week.

A good start to the week here in Asia with most stock markets rising in unison in response to the positive swing on the disastrous US unemployment print on Friday night.

DXY was soft Friday night: The Australian dollar held Friday’s gains: EM’s did better: Gold was hit: Oil firmed: Base metals were firm: Miners too: EM stocks did better: And junk: Bonds were sold: Stocks roared on, Nasdaq anyway: The US economy has collapsed.

By Chris Becker  Risk swung back to confidence overnight as the Federal Reserve turned Japanese in its rhetoric, while US initial and continuing jobless claims hit new record highs and well above expectations.

DXY fell last night: The Australian dollar rocket re-ignited: Gold jumped: Oil fell: Dirt rallied: Miners too: EM stocks yawned: And junk: Bonds were smartly bid: Stocks took off.

Yet another day of mixed results here in Asia with the return of Japanese traders not increasing any risk appetites.

By Chris Becker  Risk sentiment is as petulant as a six year old boy cooped up doing homeschooling for the third week in a row, having a tantrum overnight as Federal Reserve officials continued to explain their monetary stimulus program to a market that just wants more and more.

DXY took off last night.

I have noted many times the automated trading strategies and algos of Wall Street pertaining to stocks.

By Chris Becker  A better mood on risk markets overnight as more regions and countries announce easing on lockdowns in the face of the coronavirus impact, with markets still pricing in a sharp V-shaped recovery.

Swings and roundabouts as risk taking came back to bid across what remains open here in Asia, with stock markets up and European futures looking bright for tonight’s session.

By Chris Becker  Quite a mixed session overnight following an equally mixed bag of results in Asian trading yesterday.