Australian Shares

by Chris Becker Asian stocks were mixed in response to the poor lead from Wall Street overnight with all eyes on the RBA today seeing the Aussie dollar spike above 76 cents against the USD.

The ASX is still as excited as a dead possum today: The Australian dollar is more interesting, threatening a counter-trend rally with support around 76 cents holding and a double bottom in place: The odds are pretty reasonable for a short term bounce.

By Chris Becker Stocks at first rallied overnight on a generally good Asian lead, with European markets closing higher before a selloff in US tech stocks overshadowed the gains by the Republican, I mean industrial stocks most likely to receive a benefit from the GOP tax cuts.

by Chris Becker A case of weekend news catch up here in Asia as the inevitable gap caught a few traders short as USD spiked higher and caused volatility across Japanese and Australian shares in particular.

How bad is this bourse?

By Chris Becker  Maybe the newest three letter code to follow on Wall Street is FBI, as markets roiled on Friday on the possibility of Trump’s inner circle finally being probed by the Special Prosecutor.

by Chris Becker Its all about the tax cuts as the US Senate votes tonight, holding risk markets in thrall as Asian stocks were mixed on the first day of the month.

by Chris Becker It was all about tech stocks in Asia today, with profit taking the motive, well except if you own Aussie banks, then its a case of covering risk.

by Chris Becker Not even the fat man with a Fat Boy rocket can spoil the fun here in Asia with risk casting aside any doomsday news and bidding up almost across the board.

By Chris Becker Last night saw a big surge in stocks as the Republican tax plan inched closer to reality, as did the FCC’s campaign against net neutrality, helping lift all the mega-corporate listings on Wall Street.

by Chris Becker Risk in Asia can’t get started this week with more falls across stock markets following a lacklustre lead overnight on Wall Street.

The ASX can surely lay claim to the dumbest bull market in the world today.

By Chris Becker A hesitant start to a busy week on the economy calendar with US stocks treading water as oil prices dropped in anticipation of the upcoming OPEC meeting, while European bourses fell on a weak Asian lead.

by Chris Becker A very slow start to the week for risk here in Asia with only the ASX200 putting on any gains as Bitcoin goes nuts above $10,000USD.

The ASX is probing 600o again and its chart remains unmistakably bullish: Bonds are off a little: Dalian is firm: Big Iron too, though the real story appears to be market skepticism about the iron ore price bounce.

By Chris Becker  Nobody can stop the music as stock markets make new highs around the globe, even as cues from the bond market with a flattening yield curve suggest that inflation will not raise its ugly head as predicted in 2018.

by Chris Becker The end of another week of trading here in Asia and its all about keeping the ship steady until the Americans wake up again.

By Chris Becker A case of caution and treading water in overnight markets as US traders headed home for Thanksgiving with European stocks treading water as the Euro headed for a five week high.

by Chris Becker Hesistation across Asia today as US markets go quiet for Thanksgiving and retailers around the world ramp up for the Black Friday day/weekend/week.

By Chris Becker The latest Fed minutes were released overnight and the official line of “waiting for inflation” is yet to be believed, so the USD sold off considerably against all the majors, given the Aussie dollar a reprieve.

by Chris Becker Risk has doubled down in Asia with new highs almost across the board as the USD retreats and the yield curve flattens as all and sundry join the stock market trainride.