Australian Dollar

The Australian has been falling this morning and appears in danger of deeper retracement: Bonds are bid again: A stocks fall: Dalian is soft: Big iron has flamed out.

By Chris Becker  The oil crisis in Saudi Arabia dominated the headlines overnight, pushing stock markets down and sending WTI and Brent crude prices nearly 14% higher.

DXY took off last night as EUR sank.

It’s an almost risk off day here in Asia as markets react to the weekend attack on Saudi oil production by the Yemeni’s, producing the inevitable spike in crude prices, gapping nearly 10% or so before moderating this afternoon.

By Chris Becker  Friday night saw US stocks tread water despite a better than expected retail sales print with US Treasury yields instead spiking higher, dragged along by German bunds despite the ECB’s Thursday announcement of easing and more QE.

The risk on mood in Asia continues with very solid rises in Japan and China, with local markets drifting only a little higher as currency and commodity pressure weighs.

By Chris Becker  A volatile night on currency markets as the ECB cut rates and restarted its QE program in the face of a continental recession and Brexit concerns.

DXY was down.

The risk on mood has increased here in Asia with solid rises across most stock markets, although locally the ASX200 is dragging its feet.

By Chris Becker  The positive mood is quickening with overnight markets reacting to the upside on US-China trade talks with US Treasury yields hitting a one month high.

DXY was up strongly last night as EUR fell with CNY: That capped the Australian dollar gains versus the USD but it ripped on versus other DMs: And EMs: Gold stopped falling: Oil resumed falling: Metals too: But miners are back!

Its been a more upbeat mood here in Asia compared to overnight markets with everything outside China moving higher.

By Chris Becker  Another mixed night on equity markets at least with currency markets stabilising going into tomorrow nights ECB meeting, with bonds selling off on the possibility of a cooling trade war with China.

While the usual safe havens are weaker, Asian share markets are still quite mixed with Chinese markets and their satellites falling back, while the Japanese bourses seemed decoupled and continue higher.

By Chris Becker  A mixed night again on Wall Street with concern over a no-deal Brexit easing slightly as Boris finds his deadline curtailed by Parliamentary law – so now he’s going to suspend it!

By Chris Becker  A mixed Friday on Wall Street with concern over a slightly disappointing US employment print sending stocks to scratch finishes, while interest rates the USD finished lower, although gold dropped against USD as well.

The DXY breakout continued to retrace Friday night.

A sea of green across Asian share markets to finish the week in a mood of optimism as more “talks” about the trade war between US and China scare away the short sellers.

By Chris Becker  Its all about trade talks again overnight with US stocks leading the charge, European stocks also surging while the FTSE retraced as a higher Pound Sterling and more Brexit chaos takes a toll.

DXY held its ground last night as CNY rolled and EUR slowed: The Australian dollar skyrocketed against DMs: And EMs: Gold was hosed: Oil was firm: Metals jumped: Big miners too: EM stocks gapped higher: Junk took off: Treasuries were a bath of blood: And bunds: Plus Aussie debt: Stocks to the moon!