Australian Shares

The Australian dollar is down a little after the Loon spake: Stupidly, the Aussie curve is still steepening: XJO is rolling into a swan dive.

It was a bath of blood on European stock markets overnight with Wall Street, precious metals and commodities then tumbling in response, then a late fill by the BTFD crowd saw some of this clawed back, but confidence is shattered nonetheless.

DXY is stong again and has formed a head and shoulders bottom.

Asian stock markets have begun the trading week in a mixed fashion, with Japanese markets closed as the risk complex takes a deep breath after Friday’s falls on Wall Street.

The NASDAQ (FAANGM) bubble has made the history books: But she just carn take ut, cap’n: Or, is to all just this, via Bloomie: There are a few jokes going around Wall Street to explain the wild ride for the U.S.

Wall Street took another tumble on Friday night, knocking it back to a six week low (although the NASDAQ is still up over 30% for the year) as a sea of red pervaded European bourses as well.

A late surge in stock buying, pushed by Chinese shares has seen most Asian share markets recover from earlier losses, while currency markets are again firming against USD going into the end of the trading week.

Another sea of red on overnight markets last night with Wall Street stumbling while other risk assets lifted higher.

Markets are sliding into risk off mode today in Asia following the sour mood on Wall Street overnight with a sea of red on all bourses.

By Chris Becker  The latest US Federal Reserve meeting last night didn’t provide the punchbowl that risk markets were expecting, even though interest rates are going to at zero for years to come.

  Markets inverted their risk profile today in Asia with Chinese stocks selling off as the Yuan surges against USD, Japanese markets tread water and local shares lift strongly in line with Wall Street overnight.

By Chris Becker  Last night saw a continuation of the bounce on Wall Street, while a stronger than expected ZEW Survey still failed to ignite animal spirits across Europe, although better employment stats from the UK saw the FTSE move significantly higher.

Markets are quite mixed in Asia today despite the strong surge on Wall Street overnight and the positive Chinese data with only Chinese equities really putting any runs on the board.

By Chris Becker  Last night saw another surge on Wall Street on hopium with traders jumping on the rumors and swirling around coronavirus vaccine news, although European stocks were less impressed.

  Markets have started the week here in a generally positive fashion across Asia, despite a mixed and flat lead on Wall Street on Friday night, with Japanese stocks leading the way, while the local ASX200 is trying to breakout again.

The digital games and interactive media sector is probably much larger than you think and still growing.

By Chris Becker  Friday night saw a wobbly finish to stock markets in Europe and the US after an equally mixed session here locally in Asia.

  The stock selloff wasn’t as wide here in Asia, following yet another reversal on Wall Street overnight, with the ASX200 the standout, looking set to finish the week below 5900 points.

By Chris Becker  Wall Street reversed course – again – overnight with the latest ECB meeting adding to the volatility as Euro swung wildly on the lack of concern about the currency itself, as all other policy measures were left unchanged.

The bounceback continues here in Asia, with most stock markets putting in solid sessions following the rebound on Wall Street overnight.

By Chris Becker  Wall Street rebounded last night with bargain hunting overtaking fear of the bubble popping as half of the previous losses were clawed back.