Australian Dollar

Via FTAlphaville comes the cross-posted stinky truth: You may have noticed that crypto disease is experiencing another outbreak.

By Chris Becker  With US markets closed for a holiday, other risk assets still pushed higher in their absence with German bond yields now at a record low and matching the ECBs negative deposit rate.

Share markets in Asia were mixed despite a very strong from overnight markets as traders weigh up the closed US session and the following NFP print on Friday night.

El Trumpo on the steamroller again last night: “China and Europe playing big currency manipulation game and pumping money into their system in order to compete with USA.

By Chris Becker  A much firmer response from the risk on crowd overnight as US stocks pushed to new highs while US interest rates plumbed new lows.

Share markets in Asia are losing their optimism midweek as traders prepare for the non farm payrolls on Friday with the background of flailing manufacturing and a lower energy prices not helping risk appetites.

The Caixin services PMi is out and sucks: The Caixin China Composite PMI™ data (which covers both manufacturing and services) showed that business activity in China rose only marginally overall.

By Chris Becker  Another board full of green with US and European stocks lifting overnight alongside Treasuries as the 10 year yield dipped below the 2% mark on some very dovish comments coming from the central bank wonks as the global manufacturing slowdown gathers pace.

Share markets in Asia are mixed today despite the green board across other risk markets overnight, as traders look for more clues and innuendo surrounding the trade war truce between the US and China coming out of the G20 on the weekend.

By Chris Becker  With the trade war truce in place, equity markets gapped higher overnight with US stocks hitting a record high as traders piled all in, despite the worrying signs across the globe as manufacturing rolls over.

The G20 and the trade war truce between China and the US has lifted risk spirits despite a slew of very poor manufacturing PMIs released in Asia today.

So much for trade war relief.

Trade truce, trade schmuce.

By Chris Becker  Friday night saw the return of confidence as the G20 meeting got underway in Osaka, with hope surrounding some sort of outcome of the trade spat between the US and China.

DXY was soft Friday night.

Despite the positive lead from Wall Street, Asian markets are very cautious going into the G20 summit this weekend in Osaka, with traders awaiting the foot in mouth US President to probably foul up the talks.

Via Bloomberg: Bitcoin’s rise was meteoric this week — and its decline has been just as swift.

By Chris Becker  Hope is rising on risk markets that this weekend’s G20 summit – more rightly a G2 summit between US and China – will result in some sort of ceasefire at least over the trade war.

DXY was firm last night, EUR and CNY soft: The Australian dollar is suddenly everybody’s favourite currency: Gold eased: Oil was mixed: Metals too: Miners struggled after a GLEN mine collapse in Congo: EM stocks are trending higher again: Junk too: Treasuries were bid: And bunds: And Aussie bonds.

Despite the mixed lead from Wall Street overnight, sentiment has risen here in Asia with more positive comments surrounding Chinese trade talks as the G20 approaches.