Australian Shares

DXY firmed, EUR and CNY fell Friday night: AUD was down a little: Market positioning is extremely short at -73.3k contracts.

Is sanity finally prevailing with Asian stocks up across the board today, presaging the end to the worst two days since February?

Mark this one down as hoocoodanode: Couldn’t have happened to a nicer firm.

AUD is still strong this morning, partly explained by a falling USD and partly by bullet-proof bulks: Aussie bonds have actually under-performed other nations during the correction.

DXY was hit hard last night as Donald Trump attacked the Fed.

By Chris Becker Red October continued overnight but the falls on equity markets are abating somewhat at the 1-2% per session level with volatility decreasing from sky high levels, but confidence is still nowhere to be seen.

A sea of red across Asian stock markets today, once again showing how interconnected risk is, particularly as we move into the “scariest” month of all – October!

The AUD is getting creamed this morning, sinking right to the lows: XJO is off -2%: Bonds are bid: Big Iron is down -2% as well: Big Gas a lot more: Big Gold is mixed: Big Mortgage is in free fall.

By Chris Becker A bath of blood on overnight markets with US stocks falling nearly 4% and European bourses losing at least 2% with oil and commodity prices also cratering.

Whoops!

A slightly positive result across Asian share markets today, with the USD weakening against everything except Yuan, which fell slightly due to the PBOC fix.

The Aussie dollar is roaring higher this morning as the bulks roar and consumer confidence was OK: We can expect to see these squeezes continue on any good news given the market is so short.

There is no stopping it.

By Chris Becker Action on risk markets overnight was two fold with USD reversing against most of the majors while US Treasury yields initially spiked before also consolidating as buyers stepped in.

Another sea of red on Asian markets again as the lack of a lead from the US and continued concern over rising interest rates keep risk off the table.

By Chris Becker Given the US holiday overnight, it was a case of trepidation and consolidation on risk markets, with the USD shifting around against the major currencies, with gold and Euro falling and Yen firming.

Weekends and holidays are getting in the way of smooth trading with mainland Chinese markets returning while Japanese traders take the day off, to be further exacerbated by a US long weekend tonight.

By Chris Becker  Another US jobs report – the non farm payrolls or NFP – has come and gone but its impact was already felt on risk markets due to rising US Treasury yields, with even the 2 year closing in on the mythical 3% level.

Not the best finish to the week here in Asia, with Chinese traders probably glad they’ve had a long holiday.

By Chris Becker US stocks led the selloff in risk markets overnight as Treasury yields surged again with 2 years back to their GFC highs, about to approach 3% themselves.

Outside the ASX200, it has not been a good session for Asian stocks, with the local bourse only being supported by a crashing Australian dollar.

By Chris Becker After a mixed session in Asia yesterday, overnight markets rallied on the back of strong US economic data, pushing the USD higher against everything while a selloff in US Treasuries sent a clear risk-on signal.