Australian Dollar

Asian share markets are somewhat positive despite another spray of tariff demands from the Orange Mussolini with Chinese shares brushing off the reciprocal reactions as the trade war heats up domestically, affecting Australian exports.

Friday night saw a slightly weaker than expected jobs print from the US – aka the NFP or non farm payrolls – that saw some USD weakness but not across the board while Wall Street slumped again making for a two week low due to tech stocks.

Goldman is still bullish DXY but not so bearish AUD.

DXY is back on more tariff talk.

Asian share markets are somewhat mixed with only Chinese shares really advancing as local markets dip into the red for the week on the back of a much stronger Australian dollar while Japanese shares are suffering despite some good domestic economic prints.

The latest BOE meeting saw an expected cut which buoyed European markets coupled with a resurgent Yen and hesitation around tonight’s NFP print kept the USD in a weak space overnight.

DXY is holding on.

Asian share markets are all in the green as concerns over Trump’s tariffs dissipate while the BOJ hawks are out spruiking more rate hikes, sending Yen higher against everything.

Risk markets are starting to diverge in fortuned once more as Wall Street and European shares continue their bounceback while commodities remain in flux due to the Chinese tariffs.

DXY is breaking down.

As Trump suggests adding the Gaza Strip to his swag of new States (I think we’re up to 54?), markets are setting up for Friday’s US NFP print with a potential call between Xi and the Orange Mussolini tonight as well.

Risk markets bounced back overnight despite the Chinese tariffs coming into effect as Wall Street rebounded alongside European bourses as the overbought USD was pushed back by all the undollars.

DXY reversed.

As Trump gets outmaneuvered by both Canada and Mexico, a new front in the trade war opened up against Chyna today which retaliated immediately in kind.

Risk markets took their deep breath yesterday morning in reaction to the Trumpian Trade War but overshot as usual, with some mild recoveries overnight including Wall Street.

DXY was back but then not.

Mind the gap!

The Australian dollar has gapped into madness this morning following El Trumpo tariffs.

You get a trade war – you get a trade war – we all get a trade war!

DXY is back.

Asian stock markets are doing well to absorb the latest Fed and ECB meetings with the added volatility of a Japanese inflation print and subsequent BOJ comments giving Yen a reprieve after the USD fell all week.

Following the Fed, the ECB meeting last night saw another rate cut which helped boost European stocks and pushed the USD higher until the latest US GPD print which missed slightly, upsetting some expectations.

DXY is back.

Asian stock markets are barely positive in reaction to the slightly hawkish tone the Fed took last night at the latest FOMC Meeting, with volatility still looking through the increasingly isolationist and tariff based US trade policies.

The latest FOMC meeting has come and gone with only a slight change in language as the US Fed negotiates the new “American Psycho Part 2” volatility.