Australian Dollar

By Chris Becker  Tech stocks were the main casaulty overnight with the NASDAQ and FTSE the only bourses to fall back despite a positive sentiment across other risk markets.

As the Golden Week holiday in Japan presses on, all focus was on China today with the release of the latest PMI manufacturing print, coming in slightly lower than expected which sent the Australian dollar much lower as expected.

By Chris Becker  The latest core inflation figures from the US suggest a less robust economic boom than expected with the USD falling as a result as bond yields lifted across the curve.

The solid finish on Wall Street on Friday night has translated into mixed sentiment here in Asia with Chinese stocks retreating on the mainland, while Japanese bourses were closed and the ASX200 fell back slightly.

Via Forexlive: GS strategists say they expect little downside for the USD in the near term.

Via the FT: The decline of the dollar and the rise of the renminbi could be the “story of the next cycle” thanks to a confluence of political, economic and structural shifts, a large asset manager is predicting.

By Chris Becker  Friday night saw a positive return to sentiment across both sides of the Atlantic with only the FTSE retreating as the S&P500 almost hit a record high on the back of a strong GDP print, despite some worrying signs within the data.

A staid finish to the week here in Asia with most stock markets putting in losses following an equally poor showing on Wall Street overnight.

By Chris Becker  Last night saw a lot of mixed sentiment across both sides of the Atlantic with the tech heavy NASDAQ the only leader, as Tesla shares fell sharply on disastrous earnings.

A weaker than expected CPI print saw the Australian dollar fall sharply today with only the ASX200 rising amid a sea of uncertainty on other Asian bourses.

By Chris Becker  Last night saw stock markets surge, particularly on Wall Street as oil prices continued higher while the USD firmed against almost everything, including gold which slumped to a new five month low.

A mixed day across Asian stock markets today as most play catchup from the Easter break and the surge in oil prices overnight.

I hate agreeing with Goldman, especially on Australia, where it has been horribly wrong for years (being far too bullish).

By Chris Becker  With the Easter long weekend behind us, there’s a lot to absorb from what’s been going on risk markets in the break.

A sea of red across Asian stocks markets today in reaction to overnight caution on Wall Street with the latest unemployment print locally causing the ASX200 to slip while Japanese markets have given up almost all of their recent gains as Yen strengthened on the risk off move.

DXY was down last night with EUR and CNY up: AUD is still warm versus DMs: Mixed against EMs: Gold is struggling.

Mixed conditions across Asian stocks markets today with Chinese markets absorbing the trifecta of economic prints without much fuss while Japanese bourses advanced on a selloff in Yen.