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Research

Hang Seng leads the way, ASX and China A50 set to follow?

The Hang Seng enjoyed its best day in three months. And with key support levels for the China A50 and ASX 200 holding, perhaps they can try to close the gap this week.

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USD/JPY, Nikkei pause at resistance as US CPI, FOMC looms: Asian Open

The next 24 hours will be the eight time in 10 years that a US CPI report lands on the same day as an FOMC meeting, and it has traders on tenterhooks. Today we look at USD/JPY, Nikkei 225 and the ASX 200.

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AUD/USD climbs sheepishly from its lows, bear flag on ASX 200

Quiet trade (outside of euro pairs) allowed AUD/USD to drift higher despite the stronger USD. But with US CPI and FOMC looming, I doubt this is the ‘real move’ and further downside beckons.

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June 10, 2024 11:40 PM

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Research

ASX 200 looks set to benefit from Wall Street’s record highs: Asian Open

Soft employment data saw Wall Street march to a record high on bets of a soft NFP report, and that should filter through to gains for the ASX 200 today.

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June 6, 2024 12:02 AM
Research

AUD/USD rises despite risk-off tone, USD, yields slammed post ISM

The USD and yields were knocked swiftly lower on Monday as evidence of an economic slowdown in the US continued to build, helping AUD/USD to head for 76c despite the risk-off tone to the session.

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June 3, 2024 10:51 PM
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ASX 200 faces technical test after ramping its way into June

Obvious month-end window dressing in Australia and United States stocks drove significant late session rallies on Friday, sending Australian ASX 200 futures surging 1.5% from the lows hit in Asia. But with commodity prices down heavily on Friday including iron ore, whether the gains can stick is questionable.

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June 3, 2024 12:04 AM

ASX 200, Nikkei 225 futures diverge from Wall Street: Asian Open

Downwardly revised GDP for the US in Q1 weighed on Wall Street indices ahead of a key inflation report, yet the ASX and Nikkei managed to bounce form their lows. We look at where we think they might head next.

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AUD/USD, ASX 200: Stalling disinflation weakens case for RBA rate cuts

Disinflationary forces in Australia have stalled with annual rates for headline and underlying inflation trending flat to higher, and well above the 2.5% midpoint of the RBA’s target. Not only does that weaken the case for rate cuts but means the next move from the RBA may be a hike.

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May 29, 2024 04:02 AM
Research

AUD/USD, ASX 200 drift higher ahead of AU retail sales: Asian Open

Volatility levels were lower, as one would expect with the UK and US on a public holiday Monday. And that allowed AUD/USD to drift higher alongside the ASX 200 futures market, even if I do not fully trust the moves.

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May 28, 2024 12:05 AM
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USD thrives, AUD/USD dives, flash PMIs up next: Asian Open

USD rallied against all FX majors except the pound on Wednesday following thanks to not-so-dovish FOMC minutes. AUD/USD now finds itself struggling to hold 66c.

Research

AUD/NZD hints at swing low before RBNZ, ASX seeks breakout: Asian Open

AUD/NZD looks set to capitalise on its rise from Friday's, which could be helped by even a slightly dovish RBNZ meeting. SPI 200 futures were higher overnight to suggest the ASX 200 could break to the upside from its daily compression pattern.

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May 21, 2024 11:38 PM
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AUD/USD, ASX 200: Watching for hawkish overtones in the RBA minutes

The performance of mainland Chinese stock indices and minutes from the RBA May monetary policy meeting should be on the radar for anyone trading AUD/USD or ASX 200 futures on Tuesday. With little top tier data or event risk to navigate, they loom as the most likely drivers of Australian financial markets.

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May 21, 2024 12:32 AM
Research

AUD/USD, ASX 200 eye a solid close for the week: Asian Open

AUD/USD and the ASX 200 have flourished this week thanks to renewed bets of Fed cuts, even though softer employment and wages data for Australia rekindled hopes of a lower RBA cash rate.

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May 16, 2024 11:20 PM
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USD falters ahead of US CPI, ASX set to track Wall Street higher? Asian Open

The USD was weaker despite higher producer prices, as traders placed greater emphasis on last month's figures being revised lower. And that now sees a 51% chance of a September Fed cut, according to Fed Fund futures.

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May 15, 2024 12:11 AM
Yen, Euros and dollar currency bills and notes

USD ‘rebound’ lacks the enthusiasm of last week’s selloff: Asian Open

The US dollar may have risen for a third day, yet bulls lack the conviction that bears displayed last week. And that suggests this bounce could be corrective.

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May 8, 2024 11:28 PM
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AUD/USD snaps 4-day winning streak, ASX 200 set to follow? Asian Open

The Australian dollar handed back all of its pre-RBA gains, which was trying to notch up a fifth consecutive bullish day on anticipation of a more hawkish RBA. Yet the statement was not overly hawkish and Governor Bullock said the RBA “believe rates are at the right level to get inflation back to target”. Inflation was revised higher to show inflation falling back to target at a slower pace and the RBA remain “vigilant” to upside risks.

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AUD/USD, ASX 200: Jobs report has little RBA implications, back to watching China

Australians are none the wiser as to what’s happening in the domestic labour market with another volatile jobs report creating more questions than answers. AUD/USD is largely unmoved, leaving offshore factors to remain in the driving seat.

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April 18, 2024 03:40 AM

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AUD/USD, ASX 200 dragged lower during risk-off trade: Asian Open

A risk-off tone ensued across global markets to send the US dollar higher, to the detriment of AUD/USD and the ASX 200.

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April 16, 2024 11:19 PM
Yen, Euros and dollar currency bills and notes

US dollar, yields surge on hot US CPI, ASX set to gap lower: Asian Open

Bond yields and the US dollar surged after the latest US inflation report bought serious doubt over a June Fed cut, dragging global indices lower which sets the stage for the ASX 200 cash market to suffer today.

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April 11, 2024 12:24 AM
Research

AUD/USD, NZD/USD, ASX 200 rise ahead of RBNZ, US inflation: Asian Open

1-day implied volatility levels for USD/JPY, EUR/USD and NZD/USD have blown out ahead of today’s key events, which includes comments from BOJ’s governor, and RBNZ cash rate decision and the US inflation report.

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April 10, 2024 12:02 AM
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US dollar hints at NFP rebound, ASX 200 to track Wall Street lower?

The US dollar retraced for a third day, but with NFP stats favouring a 'beat' then we're on guard for a dollar bounce.

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April 4, 2024 11:28 PM
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AUD/JPY, ASX 200 forecast: Asian Open – April 3, 2024

AUD/JPY and the ASX 200 look set to diverge with the former strongly hinting at a swing low and the latter failing to hold above 7900 on Tuesday.

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April 2, 2024 11:16 PM
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Big session for ASX bulls as uptrend support gives way

Friday looms as an important day on the directional risks for Australia’s ASX 200 with futures puncturing through uptrend support overnight dating back to when the Fed pivoted away from rate hikes in early November. Recent history suggests it may pay to wait to see whether the break sticks.

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March 14, 2024 10:07 PM