Australian Shares

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Macro Morning (Trading Week)

By Chris Becker  Not exactly a confidence inspiring end to the week on global stock markets, as the weaker USD combined with disparate geopolitical dramas overshadowed continued solid economic and corporate earnings reports. From the UK with nearly collapsing Brexit talks to the US with their very troubled fiscal agenda, to the wars brewing in

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Macro Afternoon

by Chris Becker The fallout from the drop in US stocks continued in Asia today, taking the edge of what was a good week for traders. While earnings seasons around the globe indicate strong corporate growth, the legislative chaos that is the US Congress is forestalling any further risk in markets. Next week’s APEC meeting and

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Macro Afternoon

by Chris Becker Today’s Chinese inflation data figures did nothing to dampen risk appetite here in Asia with most bourses rallying to new highs. Currency markets have been active with the Kiwi up on news the RBNZ may hike rates earlier than planned, while the Yen strengthened late in the session also. In mainland China the

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Macro Afternoon

by Chris Becker The lack of progress and outright indignation with the release of the Paradise Papers over Trump’s tax reform meant risk hit a snag today in Asia, not helped by the “diplomatic” words of war regarding North Korea. Most Asian share markets retreated or barely scratched away as commodity prices also came off

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Macro Morning

By Chris Becker US stocks closed relatively unchanged as European bourses were mixed following a stellar lead from Asia yesterday. Traders are right not to be certain of the technological terror they have created as overexuberant share markets are exhibiting classic topping patterns. The news of change in Saudi Arabia has settled for now, calming

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Macro Afternoon

by Chris Becker Risk is pulling out the stops here in Asia today with stock markets on fire, the USD resurging in the face of a weak Yen and a falling Aussie dollar due to a neutral RBA. The higher oil price due to the destabilising barbaric Saudi kingdom is helping the risk on mood,

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Macro Afternoon

by Chris Becker Asia starts the week in a mixed fashion, given the strong lead from Wall Street on Friday night, with most stocks dropping or putting in scratch sessions. The Yen fell as Trump waffled in Japan about manufacturing as their continues to be no sign of inflation, as the BOJ continues to hold off

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Macro Afternoon

by Chris Becker Asia ends the week in a positive mood – outside China at least – as traders gear up for the most important economic event on the calendar, Octobers US unemployment print (NFP). In mainland China the Shanghai Composite has slumped again, falling 0.8% to be at 3356 points,  now well below previous resistance at 3400

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Bloxobuster trade booms on dying households

Bloxo wants you go short Aussie bonds: Although the Q3 CPI print showed that underlying inflation was a little lower than expected and that inflation remains below the RBA’s 2-3% target band, it still confirmed that inflation is past its trough. The average of the RBA’s preferred measures of underlying inflation – the trimmed mean

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Macro Afternoon

by Chris Becker We have a new Federal Reserve Chair, Jerome Powell, a noted dove so that’s sent USD down against the majors in reaction. Asia is having a mixed day in stocks, with only Japanese bourses advancing while sovereign bonds and commodities were relatively quiet leading up to tonights economic calendar, where German unemployment

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ASX falls as bonds roar on Bloxobuster trade

It’s the little bourse that thought it could but can’t, still struggling to break out of its bullish ascending triangle pattern: Bonds are roaring on the Bloxobuster trade: Dalian’s dead cat is losing height already: But Big Iron is rampaging anyway. RIO and BHP both have bullish ascending triangle patterns. The former has blasted through

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Macro Afternoon

by Chris Becker Its risk on across Asia today, with Japanese stocks soaring on the positive mood overnight in US stock markets, plus a weakening Yen. Commodity prices are the catalyst here with industrial metals in particular rallying as bullish forecasts from Glencore provide the impetus, with Bitcoin also going, well – nuts. Its going

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Big Iron pushes ASX towards post-GFC high

Dalian is offering up a little more relief rally today as the Caixin PMI came in OK: Big Iron is likewise dead cat bouncing: I remain skeptical that iron ore has bottomed! Pensioner Killing is Australia’s new boom business model: Big Gold just won’t fall to offer a good re-entry: Big Sleazy is up: Big

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Macro Afternoon

by Chris Becker Action in Asia today was focused around the Chinese manufacturing PMI and the BOJ monthly outlook, with the latter unchanged but still mindful of its inability to create any inflation. The PMI slipped a little, weighing on Chinese stocks on the mainland and elsewhere, while tonights markets maybe watching the political newscapes

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Aussie bonds bid again as ASX stalls

Aussie bonds are stealing the show again today as the second of the illusory RBA hikes gets priced out: Dalian has a little relief rally going after the China PMI was better than feared: Given Winter shut downs don’t start until November 15, I’d call that premature. Big Iron is flat. FMG is still headed

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Macro Afternoon

by Chris Becker Not the greatest start to the week here in Asia with most stock markets in the red as Chinese bond markets roil under the continued pressure from Chinese authorities on reducing leverage. Big banks are reporting at the same time in China, with commodities also under pressure while traders await big heavyhitters in

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Macro Afternoon

by Chris Becker A mixed day in Asia with most non-Chinese share markets advancing as optimism still held on after last night’s drubbing on Wall Street. The USD was relatively stable against Asian currencies, but the Aussie dollar remains under threat following the deflationary CPI print. In mainland China the Shanghai Composite is up slightly

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ASX hangs on as Australian dollar falls

The Australian dollar has rebounded a little during the day. In fact, it’s up-trend is intact:   The bond bid still looks firm: Dalian is flat: Big Iron is down with FMG sharply so. BHP and RIO are getting off lightly after big falls overnight: The Pensioner Killers are marching on: Big Gold is mixed: