Australian Shares

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Macro Afternoon

The biggest loser in the Asian session today was the Kiwi on a big job number miss first up this morning, falling more than 100 pips against USD and AUD. Aussie stocks lifted on the back of a much weaker Australian dollar and a continued rebound in bank and financials. US and Eurostoxx futures are

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Crashing property market smashes Domain

By Leith van Onselen Credit Suisse expects Domain Holdings’ earnings for the first half of 2018-19 to fall by 16.6%, to $20.6 million. The broker has also scaled back its share price target by 19%, to $2.50. Credit Suisse attributes its earnings downgrade to a decline in real estate listings, especially in the Sydney and

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Macro Afternoon

The Asian session was generally upbeat today followed the positive lead from European and Wall Street overnight. The bottom fell out of the Aussie dollar as Governor Lowe indicated a “more evenly balanced” approach to interest rates – read: they’re gunna cut! Due to the Chinese New Year holiday only a few share markets are

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Bonds boom as RBA breaks

The Aussie dollar is still falling after the RBA buckled today: Bonds are booming and breaking out: XJO is enjoying the lower dollar: Big Iron is running. This is the monthly chart. I’m wondering now if RIO won’t charge a record high before the crash: Big Gas is down on the US inventory build: Big

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Macro Morning

By Chris Becker  A big rally in shares on European markets overnight, followed by solid moves on Wall Street will ensure a robust session here in Asia on the open. The USD rose slightly although gold came back, but the biggest casualty was Pound Sterling dropping to a near monthly low. Looking at the action

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Macro Afternoon

The Asian session was mixed today due to the Chinese New Year holiday with only a few markets open, Japanese bourses put in a scratch session while the ASX200 launched higher on the post-slap on the wrist “don’t do that again” bank trade. The RBA did nothing at its meeting this afternoon, keeping rates steady

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Macro Afternoon

The Asian session starts the week in a strong position, stocks bouncing after the coming and going of Friday nights US unemployment print, which saw a general advance in the USD. Australian macro news was not good today, sending the Aussie lower before tomorrow’s RBA meeting while offshore trading in Yuan was quite volatile due

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Macro Morning (Trading Week)

By Chris Becker  The February non-farm payroll numbers came and passed on Friday night sending markets back into caution mode as the print solidified the Federal Reserve new-ish dovish mood that patience on further interest rate rises is warranted. Looking at Chinese stocks first, where last week saw the Shanghai Composite finally stabilise above tentative

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Macro Afternoon

Outside China it’s been a flat finish in the Asian session with most stock markets putting in scratch results as the US/China trade talks recommence. Currency markets are also sanguine although the Yuan has weakened for the first time this week leading into tonights NFP print. Chinese shares continue to move higher with the mainland

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Macro Afternoon

The Asian session was dominated by the release of the latest Chinese PMI manufacturing numbers, which remained in contraction mode, while the PBOC gave the Yuan a big push higher against USD, manuevering before the latest round of trade talks with the US. The reaction to the Federal Reserve’s meeting overnight has seen most undollar

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Macro Afternoon

Leading up to tonight’s FOMC meeting, stocks in Asia are somewhat mixed and rolling around without any big moves. The Australian dollar blipped up towards the 72 handle on the latest CPI print which was slightly higher than expected, while Yen was unchanged but offshore trading in Yuan strengthened considerably. Chinese shares are mixed with the

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Macro Morning

By Chris Becker  Risk sentiment was basically unchanged overnight with all eyes on the continued Brexit vote and re-negotiations with Pound Sterling dropping while other currencies remained stable. The leadup to the FOMC meeting is keeping caution at bay with the latest consumer confidence numbers also showing the effects of Trump’s government shutdown. Looking at

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Macro Afternoon

Caution reigns as traders weigh up the next FOMC meeting and continued US earnings, as the fallout from Caterpillar’s result last night and no further developments in US/China trade talks kept risk off the table. Currencies are relatively stable although the Kiwi is seeing a late bid, while the PBOC strengthening of the Yuan fix

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Macro Afternoon

An upbeat finish to the week here in Asia with most stock markets in the green going towards the close, with risk proxies USDJPY and Aussie dollar moving higher in unison to a risk on mood. The biggest mover of the day is Pound Sterling as reports swirl about a better “deal” deal for Brexit.

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Macro Afternoon

It’s been a very interesting day here in Asia with most action again centered on currency markets with the BOJ meeting, Australian unemployment and the NAB interest rate hike dominating. The Aussie dollar has been on a roller coaster, falling against almost ready after spiking following the unemployment print, with other currencies stable moving into

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Macro Afternoon

It’s been an interesting day here in Asia with most action on currency markets as shares continued their cautious mood from the falls on Wall Street overnight. The BOJ meeting and NZ CPI print caused the most movement, as the PBOC weakened Yuan again, offshore trading tumbled sending the pair back to its Friday low. Chinese

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Macro Morning

By Chris Becker  A slew of concerns wracked overnight markets with the return of US traders not helping, the downgraded IMF forecasts plus mixed news and reports about the US/Chinese trade delegation leading to selloffs as overbought stocks pulled back. Poor sentiment on the closely watched German ZEW survey plus a slump in existing home

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Macro Afternoon

A mild selloff across Asian share markets today following the mixed action overnight due to the lack of direction from closed US markets. Focus on the Canadian imbroglio over the Huawei CFO court case brought the Yen buyers to the fore and saw risk currencies like Aussie and Kiwi to falter. The latest IMF growth

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Macro Morning

By Chris Becker  The closed US markets due to the MLK holiday left risk markets floundering a little overnight with a pullback in European equities offset by higher oil prices. The newswires were dominated by the Chinese GDP figures and the latest IMF update to global growth risks, plus the usual Brexit imbroglio. Looking at