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Keep an eye on AUD/JPY with sentiment on the back ropes

It was a volatile session for investors overnight which saw US indices trade sharply lower, with AUD/JPY showing the potential for a swing high.

Gold nuggets

Tech stocks leads Wall Street lower, Gold reclaims 1900

The Nasdaq fell nearly -4% yesterday during its worst session since September 2020, yet gold held key support and reclaimed the 1900 handle (just).

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April 26, 2022 07:06 PM
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Asian Open: The Fed’s Bullard calls for rates to be at 3.5% by year end

The US dollar was broadly higher overnight as the Fed’s Bullard laid out a path for 50-bos hikes at each remaining Fed meeting this year.

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DXY rallies for a 6th day (rare), potential bull flag on GBP/AUD

It’s been a decent week for the dollar, but there is the potential for mean reversion as we head towards the weekend with 100 resistance looming.

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April 7, 2022 06:46 PM
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AUD/USD probes the October higher ahead of RBA

Whether RBA will surprise us with a vaguely interesting meeting today or not is yet to be seen, but the fact that the Aussie sits at a pivotal level should be noted.

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Russia to demand rubles for their oil, gold set to breakout?

US indices pulled back from their highs overnight as bond yields continued to scream higher as Fed officials maintained their hawkish rhetoric.

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Best day for AUD in 13-months, gold hints at swing low

It was a volatile session around the FOMC meeting but after the press conference, commodities and therefore commodity currencies rallied into the close.

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Powell on board with a March hike, AUD/JPY taps YTD high

The Fed Chair told the House Financial Services Committee overnight he is on board with a 25 bps hike in two weeks.

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Ukraine agrees to talk with Russia

Headlines remained fast moving over the weekend, which has seen Russia removed from SWIFT, put their nuclear team on high alert and Ukraine agree to talk with Russia.

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February 27, 2022 05:16 PM
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Asian Open: Wall Street posts late-stage gains after turbulent start

The minor gains on Wall Street may not look like much initially, but they become more impressive when compared to their initial losses of around -5%.

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Asian Open: Turnaround Tuesday or dead cat bounce?

There are two schools of thought going into today’s session; don’t be fooled by yesterday’s rebound due to choppy trading conditions; Santa’s rally is back on!

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December 21, 2021 05:12 PM
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Asian Open: Fed Chair Announcement Pushed Back

Whilst Joe Biden did not announce his decision for the Fed Chair “within four days”, a Whitehouse spokesman says it will be announced before Thanksgiving on Thursday.

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Asian Open: Xi and Biden to ‘Meet’, RBA Governor at the Helm

We saw some decent moves in currency markets overnight, and some interesting comments from central bank governors. Up next is Xi vs Biden, then over to RBA Governor Philip Lowe.

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ASX200 edges higher ahead of Wednesday AU Q2 GDP release

Wednesday sees the release of Australia's Q2 GDP report at 11.30 am. The report predates current lockdowns in Sydney and Victoria, and because of this, the data is less valuable than usual.

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August 29, 2021 09:34 PM
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ASX200 caught in cross currents ahead of key capex and retail sales data

A dark day in Sydney today, both from a weather perspective and as a record 919 new covid cases, were reported in the 24 hours until 8 pm last night. According to Goldman Sachs, the worsening situation will push the timeline for a gradual re-opening in Sydney until late October and Melbourne until Mid-September.

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August 24, 2021 08:58 PM
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Australian ASX200 earnings preview CBA

The Commonwealth Bank of Australia (CBA) is Australia’s largest bank and provides various financial services, including retail, business, institutional banking, funds management, insurance, investment, and broking services. It reports its full-year numbers on the 11th of August.

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August 9, 2021 03:48 PM
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ASX200 traders cautious as Delta spreads and ahead of EOFY

After fending off the original coronavirus, Australia has entered a “new phase” of the pandemic. A nationwide outbreak of the highly contagious Delta variant first detected in India that has prompted lockdowns in Greater Sydney and Darwin.

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June 27, 2021 10:00 PM

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Asian Open: Dollar Dominates and Equities Fall on Hawkish Fed

Well, the Fed didn’t wait for the Jackson hole symposium to turn hawkish (from a very dovish base), sending equities, commodities lower and the US dollars higher.

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Asian Open: Inflation Remains a ‘Hot’ Topic as Wall Street Deflates on FOMC-Eve

A combination of stronger inflation and weaker consumer data in the US was enough to take Wall Street off its record highs, on the eve of the highly anticipated FOMC meeting.

Gold trading

Asian Open: Wall Street Powers On, Gold Bugs Set to Return?

Wall Street hit new highs and bond yields fell as investors took comfort from the US inflation report, which was above (but not wildly beyond) expectations.

Gold nuggets

NFP miss boosts the case for further upside in gold

Following the large beat by the ADP employment report last Thursday night, Fridays Non-Farm Payrolls data was rapidly elevated to the status of the most important economic number since the pandemic due to its ability to provide a more concrete timetable for tapering.

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June 6, 2021 07:33 PM
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Asian Open: The S&P 500 Closes In On Record High

A weaker-than-expected nonfarm payrolls report sent equities higher and the dollar lower on Friday. Futures markets are also pointing to a firmer open in Asia today.

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June 6, 2021 01:47 PM
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Asian Open: A Good Start to The Week on Wall Street, EUR/JPY Set To Rally?

Lower treasury yields helped buoy Wall Street overnight, with the Nasdaq 100 leading the rally with a 1.5% gain.