Australian Dollar

Asian share markets are higher across the board as traders start to anticipate tonight’s US jobs print with continued speculation that the Fed is likely going to pull a put regardless of tonight’s NFP result.

No big surprises overnight as the expected softening of the US jobs situation was confirmed by the weekly initial jobless claims and private ADP prints, giving a clear run to a September rate cut by the Fed.

Asian share markets were quite mixed with local stocks regaining some of their losses on interest rate speculation that the Fed is likely going to pull a put if tomorrow night’s NFP comes in bad as expected.

Overnight saw the USD fall back as the latest jobs opening and Fed Beige Book painted a further slowing picture of the US economy as the Trump regime’s sales taxes, grift and general lack of ability in operating a modern government continue to take a hold.

DXY is down.

Asian share markets are seeing a broad selloff as the riskoff mood in the wake of bond sales continues to dominate the marketplace as we await Friday’s NFP print from the US.

Overnight saw risk taking a dive as Wall Street returned and was volatile over a secret Google ruling that ended upsetting other tech stocks while the latest US manufacturing PMI print came in slightly better than expected, giving USD another drive higher.

DXY is up again.

Asian share markets are seeing mixed results as traders await the return of US markets from their long weekend with the latest news about a US/Japan trade deal sending Yen lower without any real action.

Overnight saw some calm return to risk markets as the new trading week got underway without US involvement as they had a long weekend, although we still got more bullying of the Federal Reserve by the Trump regime.

Asian share markets are starting the trading week in very mixed fashion with Chinese stocks leading the way while Australian shares have pulled back with the absence of a lead from the US as they have a long weekend.

Friday night saw a selloff dominate on risk markets as the end of week and month double twitching and fund flows amid the steepening yield curve on US Treasuries, now at a three year high.

Yet another major bank is on board.

Asian share markets are finishing the trading week in a mixed mood with US and European stock futures not moving much as they anticipate a long weekend for the former and the end of week/month double witching session.

Despite an upwardly revised 2Q GDP print and solid initial jobless claims in the US overnight, the USD continued its selloff with weaker international demand for US Treasuries also not helping.

Asian share markets are in a mixed mood that is being reflected by Wall Street futures off slightly despite the better than expected NVIDIA results after the close with European shares also looking to open flat.

Deutsche this time. Nature of the USD move shifting to a more AUD-supportive one:As we’ve noted, a key reason for AUD’s lack of ‘high-beta’ status earlier in the year (when wer emained neutral), and our later shift to be being more bullish has been the changing volatility or risk context.

Risk markets were dominated by currency volatility and Treasury sales overnight with the impact of the Trump regime’s fiddling with the Fed (not kids this time) starting to have an impact.

Asian share markets are still failing to translate the Friday night gains on other equity markets as the tariff threats and actual actions from the Trump regime are still being felt across the region, with India in the crosshairs today.

Risk markets continue to have second thoughts about the dovish mood at the Federal Reserve with the added volatility around the Trump regime looking to takeover the Fed’s independence itself not helping the USD.

Asian share markets are failing to translate the Friday night gains on Wall Street due to the seemingly dovish pivot by the US Federal Reserve as risk markets patiently wait and see what the Trump regime is up to with trying to fire members of the Board, adding to currency volatility at least.

Goldman with the outlook.

Risk markets are having second thoughts about the dovish mood at the Federal Reserve with the USD taking back nearly half of its losses from Friday night, especially against Euro but this is being led mainly by French political problems.

DXY is down, down.