Australian Dollar

DXY is maybe going to bounce.

Last night saw the Bank of England and Swiss Central Bank meetings, the latter cutting while the former is looking to ease soon as concerns over the Trump Trade War continue to mount across the financial complex.

A very mixed session across Asian stock markets despite a rebound on Wall Street overnight with steady Chinese interest rates not lifting stocks in the Middle Kingdom as expected while local stocks ending up higher on the latest unemployment numberwang print.

A nice piece here from Deutsche Bank on the EUR.

DXY and EUR stable.

Last night saw the US Federal Reserve hold fire on interest rate changes although it did signal that stagflation is the likely outcome for Trump’s Tariffs with an uptick in inflation already observable.

Uncertainty has returned for stock markets here in Asia in response to the stumbles on Wall Street overnight with local stocks ending up lower.

DXY is through the trapdoor.

As Trump waited an hour to speak to his Russian handlers overnight, news of more tariffs coming April plus some lackllustre results in tech stocks (while Tesla’s burn everywhere) sent Wall Street lower while European stocks continue to outperform.

Another positive day for stock markets here in Asia as risk switches back to on following the big rebound on Wall Street from Friday night although local stocks struggled to make headway.

Wall Street’s rebound from Friday night continued overnight across most risk markets despite a lacklustre US retail sales print as trader’s await this week’s FOMC meeting from the Federal Reserve.

DXY to the ground.

It’s green across the board here in Asia after the weekend gap with the short covering exercise on Wall Street extending across the regions share markets.

Goldman with the note.

While Wall Street rebounded on Friday night it was basically just a short covering exercise after falling for four weeks straight with expectations of higher volatility continuing this trading week amid the ongoing trade war and a very busy economic calendar, including the latest Fed meeting.

The face ripper is here as DXY falls and EUR rises.

Asian share markets have rebounded into the final session of the trading week with mostly positive sessions across the region as traders seemingly giving up trying to decipher where the battle lines are being drawn in the ongoing trade wars started by Orangus Maximus in the Oval Office.

Wall Street tumbled further overnight as the Fat Fuhrer again showed his exemplary trade making deals with a blustery response to the EU counter tariff schemes, all the while insulting the Irish PM to his face and giving short sellers a great opportunity to dump tech stocks.

DXY is bank.

Asian share markets are somewhat mixed yet again traders try to decipher where the battle lines are being drawn in the ongoing trade wars started by the increasingly isolated USA.

DXY firmed last night.

Asian share markets are somewhat mixed again as Diaper Don swings away again with tariff threats and retreats as this engineered recession and market correction gathers pace, this time hitting Australia with steel and aluminium tariffs – for no reason whatsoever.

DXY is a falling stone.

Wall Street continues to feel the heat coming out of the “Art of the Deal” from the White House as the trade spat with Canada continued overnight pulling European stocks down and keeping other risk assets at high volatility levels not seen for over a year.