Australian Dollar

DXY rallied back.

DXY is taking a well-earned breather.

Wall Street failed to advance on its latest surge overnight mainly due to a fall in tech stocks, led by Apple while European shares remained boisterous across most of the continent.

Asian stock markets are somewhat mixed although local shares got a boost on a surprise uptick in the unemployment print that energised more RBA rate cut speculation.

DXY is taking a breather.

The latest US CPI print overnight sent stocks, commodities and undollars higher with Wall Street having its best one day performance in months while European shares also rebounded strongly.

Asian stock markets are mixed alongside FX markets as we all await tonight’s US CPI print with Wall Street still in hesitation mode amid the LA firs and concerns over the incoming Trump tariffs and other shenanigans.

DXY took a breather last night.

Wall Street is again failing to find traction following last Friday night’s retracement with tech stocks again pulling the edifice down while European shares rebounded slightly despite the higher Euro.

Asian stock markets are in the main doing a lot better in reaction to a somewhat mixed first session overnight on Wall Street as concerns over the incoming Trump tariffs waned.

DXY is a runaway freight train.

Wall Street failed to rebound from its Friday night retracement with tech stocks again pulling the edifice down while European shares continued to selloff mainly due to falls in Italy.

The response to the US unemployment print on Friday and subsequent tightening of oil sanctions on Russia has seen Asian stocks gapped broadly lower on the weekend gap and stay there in afternoon trade.

Goldman is upgrading the US dollar.

Wall Street reopened on Friday night but I’m sure most traders would have wanted a long weekend instead as the latest US non-farm payroll aka unemployment print came in stronger than expected, pushing USD higher against almost everything while stocks lost significant ground across both sides of the Atlantic.

DXY is going to challenge the 2022 high.

Asian stocks are lower across the board without a lead from Wall Street that was closed overnight and in response to some PBOC bond shenanigans while currency markets were somewhat subdued as we all await for tonight’s NFP print.

DXY is still poised for higher.

Wall Street was closed for President Carter’s funeral with risk markets in a hold as we await tonight’s US non-farm payroll aka unemployment print which will shape the rest of January’s risk taking mood.

Asian stocks are generally lower due to subdued Chinese inflation numbers and continued hesitation around Trumpian macro machinations with the USD regaining strength against all the undollars again.

DXY is near new highs.

Wall Street had another tipsy session overnight as the latest US initial jobless claims came in slightly lower than expected with the Trump tariff shotgun approach still weighing on risk markets, let alone the bluster about invading Canada and Greenland.

Asian stocks are generally lower due to individual local conditions and not the overall macro view although the slump on Wall Street overnight is not helping risk markets overall.

Wall Street had a dour session overnight led by big falls by tech stocks as Asian and European shares lifted higher as concerns over inflation and Trump’s tariff shotgun approach weighed on risk markets.

A much better trading session for Asian stocks as the slightly weaker USD takes some pressure off while Chinese stocks finally saw a rebound on PBOC speculation of support.