Australian Dollar

#747Farewell to the last 747 Qantas flight today….sad times for aviation by Chris Becker Sentiment has shifted again to a risk off mood with stocks struggling here in Asia today, reflecting the fall in tech stocks overnight on the NASDAQ.

The AUD is still bubbling away this morning despite Victoria’s virus calamity (thanks RBA): Bonds are dead as the Dodo: Stocks have backed away from resistance but the chart is bullish: Gold is the story de jour.

By Chris Becker  Sentiment remains super positive as the EU stimulus and fiscal sharing package and vaccines news continue to propel equity and commodity markets higher, while at the same time sending the USD to a five month low against nearly everything else.

by Chris Becker News of a potentially successful coronavirus vaccine is sending stocks higher across the region, with local stocks leading the way even as the Federal government slashes its economic stimulus package come September.

By Chris Becker  The mild start to the trading week here in Asia translated into much firmer gains once Wall Street opened, due to the promising vaccine news and potential fiscal stimulus from the EU and US Congress.

by Chris Becker Outside of Australian stocks, its been a good start to the trading week here in Asia, with the somewhat positive mood from Wall Street on Friday translating into mild gains today.

Shes can’t take it capt’n!

by Chris Becker The soft mood in Asia continues as we end the trading week as stock markets remain in retreat mode and wipe out the start of week gains.

By Chris Becker  Global stock markets are getting wobbly again with Wall Street stumbling despite good earnings from major banks and solid retail sales data for June.

by Chris Becker A soft mood in Asia with stock markets in retreat mode and erasing the start of week gains.

Via Bloomie: While bets on steepening yield curves are growing in popularity, money can also be made in countries that already have one and that’s drawing investors Down Under.

DXY was weak last night: The Australian dollar was up against DMs: Mixed against EMs: Gold was firm: Oil too.

By Chris Becker  Stocks shot out of the gate on the European open last night, and technically price charts are exhibiting breakouts across the risk complex, but sentiment remains complicated at the US earnings season gets underway.

by Chris Becker Outside of China, stocks have continued their strong surge on the hopes of a coronavirus vaccine and for a strong showing in US earnings.

By Chris Becker  Risk sentiment swung wildly again overnight echoing the previous session as the US corporate earnings season got into full swing.

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.