by Chris Becker Stocks in Asia are taking a pause due to new North Korean tensions even after US stocks took out new record highs overnight. The Aussie dollar fell after the RBA maintained its low interest rate dogma to sustain growth – in house prices at least. In mainland China the Shanghai Composite is
By Chris Becker Another night of record highs on stock markets with US Treasuries falling after Fed Chair Janet Yellen indicated more interest rate rises are on the way. Currency markets were not as USD focused, with Pound Sterling falling on Brexit fears and the Euro weaker due to Spanish political imbrolios. The lack of
by Chris Becker Asia starts the week with strong upswings on stock markets outside China with bonds also strengthening as Friday’s US CPI print is absorbed by risk and non-risk traders alike. Commodities didn’t lose the pace either with gold holding above the $1300USD per ounce level. In mainland China the Shanghai Composite is slumping
By Chris Becker Until Friday night there were next to no economic catalysts in the form of news or releases to get worried about, so risk markets were in “steady as she goes” mode, for the most part. The USD was broadly weaker before pre-empting Friday night’s September CPI print in the US and then snapped
Some good advice, bad advice from the AFR on stocks over the weekend: If you’re not invested in global stocks, say the experts, you’re missing out. You’re giving up a much larger exposure to IT, healthcare and other sectors and stocks that are household entities – and therefore big earners on a large scale –
by Chris Becker Asia ends the week with a rally in stock markets outside China while the USD reversed its recent bounceback as Yen and Aussie dollar also lifted. Gold also rose but only slightly as other commodities cooled off. In mainland China the Shanghai Composite is having another pause, up a few points going into
By Chris Becker A pause in US stocks overnight as traders weighed up the latest oil inventory reports and the machinations in Europe regarding Brexit. European stocks put in scratch sessions as the Euro tumbled against USD which is slowly recovering after being under the weather all week against the majors and gold, although the
by Chris Becker Stocks were broadly positive across Asia today taking the good level from US stocks overnight, with the USD weakening against the majors and gold, which is closing back in on the $1300USD per ounce level. The lack of economic and geopolitical catalysts are definitely calming markets this week. In mainland China the
Dalian iron ore is falling again today: The Aussie dollar is trying to climb back above 78 cents, former support now resistance: Big Iron charts are starting to break. BHP is still in a bullish ascending triangle but is also threatening to double top: RIO is more bullish but has been turned away at resistance.
By Chris Becker Last night saw US stocks closing at record highs – again – after the Federal Reserve released a summary from its last meeting, where it signalled an interest rate hike in December is increasingly likely despite low levels of inflation. European markets stabilised following the Catalan issue in Spain while commodity prices recovered.
by Chris Becker Stocks in Asia were generally positive today with a retreating USD helping as well, as turmoil surrounding geopolitical tensions in Korea and Turkey simmered today. A lack of catalyst economic prints is also smoothing the volatility across the region. In mainland China the Shanghai Composite really wants to climb up through resistance at
By Chris Becker European bourses were shaken up overnight as the Catalan independence issue in Spain overspilled into wider Euro concerns, the union currency rallying strongly against the USD as a result. US stocks returned to full strength after Columbus Day, surging to new highs even as the chaotic White House tax reform agenda seems
by Chris Becker Yet another mixed session in Asia today with all markets open after some holiday breaks, most stock markets putting on small gains while the ASX200 flittered away a good start to close flat. The USD is again under pressure with the Yen strengthening slightly and the Aussie dollar surprising with a blip
Great stuff today from the always entertaining and cross-disciplinary Viktor Shvets at Macquarie: Investors seem to be residing in a world without any notable perceived risks. It is an extraordinary and unprecedented situation, particularly given unresolved issues of over leveraging and associated over capacity as well as profound disruption of business and economic models, which
by Chris Becker A quiet start to the week in Asia as several bourses were closed so it was a mixed reaction to Friday night’s NFP print setting the course for the next month and possibly into the Christmas season. In mainland China the Shanghai Composite reopened after the Golden Week break, gapping up 1% but
by Chris Becker Asia is having a relatively quiet day as traders position for the closely watched NFP print in the US tonight. Most stock markets closed slightly higher, with the ASX rebounding after a poor week of performance, mainly due to an Aussie dollar that has cracked and likely to head to 77 cents