Australian Dollar

By Chris Becker  Risk sentiment is now back to its pre-coronavirus levels, with Wall Street putting in new record highs and USD strengthening against almost everything, paving the way for further optimism.

Its risk on across Asia as stock markets gather pace with big moves higher across the board, as undollar assets and safe havens are sold off.

By Chris Becker  Risk sentiment is improving everywhere with European and US stocks lifting strongly overnight, helped along by a very firm services ISM release in the US that smacked down all undollar assets.

Another sea of green across Asian stock market boards today, although Chinese stocks were much higher earlier in the session.

By Chris Becker  European and US stocks took the positive Asian lead overnight with broad gains as the Chinese central bank pumped liquidity into the system to stave off the near 10% falls in Chinese stocks in the wake of the coronavirus.

DXY was strong last night as EUR wilted: The Australian dollar roared versus DMs: And EMs: Gold was hit: Oil missed the memo: But metals got it: And miners: EM stocks gapped higher: Junk was stable: All safe havens were hosed: And stocks were bid to the moon.

A much better day for share markets here in Asia with a minor rebound following yesterday’s big selloff across the region.

By Chris Becker  Wall Street moderated its falls from Friday night as the latest ISM manufacturing print surprised to the upside, with bond yields lifting.

A bath of share price blood here in Asia today with a big selloff across the region following Wall Street’s falls on Friday.

By Chris Becker  Volatility is spiking again with Wall Street selling off sharply on Friday night and casting a dour start to trading here in Asia this week as Chinese traders return to their desks.

I am not going to sugarcoat this.

Asian stocks have found some resilience going into the end of the week after the late rally on Wall Street overnight saw a moderation of fear that has encapsulated markets over the Chinese coronavirus.

By Chris Becker  Wall Street staged a last minute rally to stave off the wide falls on European markets as the 4Q GDP print came in strong but also just as the WHO marked a global emergency for the Chinese coronavirus.

Asian stocks have moved steadfastly into sell mode because of a lack of confidence on Wall Street overnight as economic fears surrounding the Chinese coronavirus continue to spread.

The Australian dollar is fighting for life this afternoon as market jitters over coronavirus return.

By Chris Becker  Nothing major happened overnight – apart from the UK leaving the EU and the latest Federal Reserve meeting.

Asian stocks were mixed despite a rebound on Wall Street overnight as economic fears surrounding the Chinese coronavirus have not eased, despite some better than expected US numbers.

By Chris Becker  Hope returned to stock markets overnight as US economic data beat expectations.

DXY is up and away as EUR and CNY sink: That leaves the Australian dollar nowhere to go but down: Gold fell: Oil rose a bit: Metals fell further: Miners bounced: And EM stocks: Plus junk: Treasuries eased: All bonds did: As stocks declared the virus crisis dead: Good luck with that.