Australian Dollar

Asian share markets are starting the week with a fresh bounce in the wake of Wall Street’s rally post-NFP print, with the Federal Reserve likely to support risk assets one more time.

By Chris Becker  The May US non farm payroll was one of the weakest job prints since the GFC, which of course meant that Wall Street rallied as this structural problem will result in lower rates by the Fed.

DXY was whacked Friday night and has broken its uptrend line (though not necessarily its up trend).

Asian share markets are set to finish the week on a better mood with small rises across the region.

Via Bill Evans today: Data supports our view of need for August and November cash rate cuts following June decision.

By Chris Becker  Risk sentiment overnight was somewhat mixed but still positive as US stocks advanced alongside interest rates while oversold oil bounced back 2% as the USD finished lower.

DXY was soft last night as EUR firmed.

Asian share markets are again mixed despite a positive mood on Wall Street overnight with only local stocks on the ASX200 lifting today.

By Chris Becker  A slump in hiring conditions in the US saw stocks improve and a possible retraction of tariffs against Mexico lifted USD against all the majors overnight.

In response to the surge on Wall Street overnight, Asian share markets have the main echoed the returns with mainland Chinese stocks the only fly in the ointment.

By Chris Becker  Wall Street rebounded fiercely overnight on the back of the Powell Put with lower rates definitely on the agenda for the Fed in 2019.

While all local eyes were on the RBA, which made its first move in interest rates in three years, the region was focused on macro issues particularly trade with all the action in bond markets as traders remain jittery.

If it’s allowed to.

By Chris Becker  Wall Street was all over the place last night after European markets improved following a dour start to the week here in Asia.

DXY sank overnight.

Following the ugly finish to last week on risk markets around the world, a new month and season hasn’t seen any fresh starts here in Asia as shares extend their slide across the region.

DXY dumped Friday night.

An ugly finish to the week here in Asia as share markets tumble in the wake of Trump’s Mexican tariffs and the growing discord in North Korea and the Chinese trade talks.

It’s all on the broad shoulders of Scummo now.

He’s going off.