Australian Dollar

DXY was firm.

Its all about Japan today as the latest inflation figures come in hot, sending a flurry of activity across the Japanese government bond market and Yen sharply lower as the BOJ indicates more rate rises are needed.

Overnight saw another stumble on Wall Street as large industrial stocks warned of recessionary fears with European shares also failing to get back on trend as the Ukrainian situation sours in Russia’s favour.

DXY is breaking down as Tariff Man turns into Deal Man.

Its a sea of red across most Asian share markets as His MAGA-Sty tries yet another round of tariffs following the falling in line behind Russia over Ukraine, although other risk markets have been able to absorb this new volatility a little better.

DXY is up again as King Trump romps hither and thither.

Overnight saw the release of the latest FOMC minutes with Wall Street pushing up higher against the trend as European shares finally fell back after weeks of trending higher.

Most Asian share markets are trading higher despite the lack of a solid lead from Wall Street overnight with the USD pushed back after lifting slightly higher over the long weekend break.

DXY is back on strong second-tier data.

Wall Street returned from its long weekend of anti-Trump protests and more aircraft crashes with a very staid session, unable to push to a new record high while over in Europeland, the German DAX made a new record high amid the push for big increases in defence spending.

The trading week continues in a mixed mood for most Asian share markets without a solid from Wall Street enjoying a long weekend.

DXY took a breather.

Amid a lot of macro chaos, stock markets continue to make new highs with the German DAX pushing European bourses higher while a closed Wall Street almost made a record close on Friday night despite a poor retail sales print and crashing export volumes to Canada.

An uneasy start to the trading week as most Asian share markets pull back after a mixed return on Wall Street from Friday night due to the weaker than expected retail sales print.

While Wall Street nominally almost made a record close on Friday night it was a very weak finish that reflected a missed retail sales print that showed spending has slowed in the first month of the year.

DXY is breaking down as EUR rises on a peace premium.

Asian share markets are fairly positive across the region although Japanese shares are suffering from a reversal in Yen strength and reports about more tariff diarrhea from the Felon in Chief while currency markets are still in flux but effectively rebuffing the continued trade war.

Stock markets are essentially ignoring Trump’s tariff plans and keep heading higher across both sides of the Atlantic with an expectation of that positivity flowing over here in Asia for the last trading day of the week.

The DXY chart does not look well.

Asian share markets are much more positive in today’s session with shares continuing to rebound in Hong Kong rebounding while local markets are dead flat.

The latest US CPI print caused some volatility on currency markets and another wobbly finish on Wall Street overnight but European share markets were less reactive.

DXY shrugged off hot US inflation.

Asian share markets are much more positive in today’s session with shares in Hong Kong rebounding while the Felon-in-Chief in the Oval Office backtracks another round of tariff threats.

Risk markets are diverging in fortune again as European equities continue their strong trend higher despite tariff threats while the latest testimony by Fed Chair Powell on interest rate trajectory saw a bit of a wobbly finish on Wall Street overnight.

DXY is holding up as EUR falls.