Australian Dollar

A red sea across Asian stock markets which have all failed to advance in the wake of the latest BOJ meeting and North Korean sabre rattling, while US stock futures are down despite some solid after hours earnings from tech stocks.

Tech stocks dragged Wall Street back from exuberance overnight as traders position themselves for the end of month volatility and then tomorrow night’s US non-farm payrolls employment print.

DXY finally flamed out: Cutting AUD some slack: And North Asia: Gold is going to end badly.

DXY has paused for now: AUD has not and long positioning means it can keep falling.

Last night was relatively calm for global risk markets although oil prices continued to fall from their weekend gap as Wall Street braces for a new round of earnings reports and the economic calendar begins to get busier in the latter half of the week.

DXY is stable: AUD only goes down, though we should note that its uptrend is still intact: North Asia returns from whence it came: Goldmania, oilmageddon: Metals should follow the latter: Miners struggling: EM struggling: Junk nervous: Yields up, which is silly given oil.

A very mixed start to the trading week with most Asian stock markets failing to advance while a much weaker Yen is supporting Japanese equities as the majority party lost their majority on the weekend.

Friday night saw the release of the latest US consumer sentiment figures that ended up pushing risk sentiment lower as the USD was bid higher against everything but gold while bonds and stocks sold off.

DXY was back Friday night: AUD knows no bottom: North Asia is buggered as BOJ hikes pause and Chinese cuts intensify: Oil will be tested after Israel’s benign response to Iran.

Overnight saw the release of the latest US weekly initial jobless claims which came in lower than expected, with USD selling off slightly against most of the other major currencies.

Asian stock markets are still putting in very mixed sessions, as Wall Street fell back overnight while the economic calendar finally heats up tonight although all ears and algos will likely be on more ECB and Fed speeches than anything else.

Overnight saw the Canadian central bank cut rates by 50bps, helping the USD higher as the release of the latest Biege Book and US home sales data continued King Dollar’s uptrend against all the other major currencies.

DXY is turning into a wrecking ball: AUD blood in the streets: North Asia has got nuthin’: Gold is wildly overshot: Commods fighting the power: Miners not: Xi rally in trouble: Junk warning worked a treat: Jackknife!

Asian stock markets are still putting in very mixed sessions, which is not surprising given the continuining poor lead from Wall Street overnight and also the lack of economic catalysts for risk markets to go on.

Another listless night on risk markets with a no significant economic data to impact events with both European stocks and Wall Street largely unchanged while the USD continued to strengthen.

Asian stock markets are again very mixed with a poor lead from Wall Street overnight not helping, neither is the impact of the latest PBOC rate cut with very little for risk markets to go on.

A night without significant economic data or other macro cataylsts has seen risk markets pull back across the complex, with only tech stocks leading the NASDAQ slightly higher while the USD continued its surge against the undollars.

DXY is an unstoppable rocket: AUD is a scorched stool: CNY keeps being rewarded for cutting rates: Oil stuffed.

Asian stock markets were somewhat mixed as the new trading week got underway as the PBOC joined the rate cut brigade with an expected cut to prime lending rates today while the RBA seemed to have reiterated its stubborn stance going into the end of the calendar year.

The DXY face-ripper finally eased: AUD firmed: North Asia too: Gold bubble alert.

Lots of action on Asian risk markets although stocks remain somewhat mixed after the release of Japanese inflation figures and the start of PBOC stock buybacks.

DXY is up and how: AUD fought it for a day after the NDIS jobs release: North Asia is cooked: Gold is completely dislocated from all traditional supports.

The long expected cut from the ECB transpire overnight without much fuss, giving European shares a leg up but Wall Street struggled to rebound as the latest retail sales numbers outperformed.

Asian stock markets are somewhat mixed after a similarly lacklustre performance on Wall Street and in European stocks overnight as currency traders position for tonight’s ECB meeting.