Australian Shares

Dalian iron ore is still struggling today: Not RIO or BHP: The RIO rally is reckless.

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.

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.

Dalian has opened down sharply from overnight gains: RIO has ripped to break out highs: Some of it can be explained by this, from Bloomie: RIO’s 62% ore is holding up bit better than 58%.

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.

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.

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.

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.

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.

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.

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.

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.

Dalian iron ore is flat But coking coal is dead cat bouncing: Big Iron is still torn between a breakout for RIO and breakdown for FMG.

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.

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.

Dalian is softish today: Big Iron is diverging with RIO up and FMG down: RIO has a bullish chart: FMG bearish: I’d bet on FMG winning as iron ore keeps falling.

Via UBS: Is it the right time to buy CBA?

By Chris Becker Not a very exciting night on Wall Street as lack of volumes from Asia and Columbus Day in the US saw the worlds biggest market – bonds – closed.

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.

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.

Oh dear!

By Chris Becker  It’s been a Golden Week for China with closed markets, with a few more Asian bourses closed today on Monday, but it was the Friday night NFP in the US that stoked risk.

by Chris Becker Asia is having a relatively quiet day as traders position for the closely watched NFP print in the US tonight.

Via the AFR: Aggregate earnings for ASX-listed companies have gone precisely nowhere since the end of 2006, on a per share basis.

The Xenoponzi bombshell rocked the Aussie dollar: And that has helped finally deliver a bid to the busted ASX: Big Iron is roaring (straight towards a cliff edge in my view): Big Gas is up though ORG is now well a truly mired in the STO trench: Big Gold is up.