China/Hong Kong equities could be gearing up for another leg higher as the recovery in the world’s second-largest economy picks up steam. Data released on Tuesday Asia morning showed the Chinese economy grew 4.5% on-year in the January-March quarter, well above 4% expected, and 2.9% in the previous quarter. Industrial production rose 3.9% in March...Read More

Global equity markets rose while the US dollar slipped in the past week on growing expectations that the US Federal Reserve is nearing the end of its tightening cycle. The MSCI All Country World Index rose 1.3%, and the US dollar index (DXY index) fell 0.5%. Within equities, the S&P 500 rose 0.8%, while the...Read More

Ethereum is rallying hard and is back at levels last seen in September last year. The 2nd largest crypto by market cap broke sharply higher mid-week after the successful implementation of its latest upgrade. The Ethereum Shanghai upgrade took place this Wednesday without incident. This upgrade allows Ethereum network validators to withdraw their staked ETH...Read More

The Australian Dollar leapt higher again overnight after US PPI sent markets into a tailspin that saw the US Dollar face renewed pressure to the downside. The Aussie and the Kiwi Dollars were the biggest beneficiaries with the commodity complex also soaring To recap, US PPI final demand was below estimates at 2.7% year-on-year to...Read More

continues to hold the high ground after making a 2-month high last week with supply issues dominating headlines. The rally for crude overnight could be attributed to a generally weaker US Dollar with Treasury yield volatility pausing after a few weeks of excessive moves in the aftermath of the collapse of Silicon Valley Bank Financial...Read More

Asia-Pacific Market Briefing – US Economy Showing Early Cracks Ahead of NFP Data The Australian Dollar underperformed against its major counterparts on Thursday. The sentiment-linked currency received a boost following the latest round of US initial jobless claims, which surprised higher at 228k compared to the 200k median estimate. However, that outcome turned out to...Read More

The US Dollar ticked up overnight in a move that goes against the grain of recent price action. Treasury yields dipped again on soft US data and equity markets also lost ground on the news. The data can be viewed here. The trend of late has seen bad news being interpreted as good news for...Read More

The New Zealand Dollar rallied against its major peers after the Reserve Bank of New Zealand surprised markets with a more aggressive rate hike. Heading into the rate decision, the median survey was for the RBNZ to hike rates to 5% from 4.75%. Instead, the central bank went all out with a 50-basis point hike,...Read More

Crude Oil Price Steady After Stunning Run Higher on OPEC+ News. Where to for WTI? Crude oil has held the high ground after making a 2-month high on Monday following on from gains of over 9% last week. The announcement over the weekend of OPEC+ cutting production by 1.1 million barrels per day saw the...Read More

Crude oil ran over 8% higher first thing Monday morning after the unexpected output cut announced by OPEC+ over the weekend. The blistering rally comes after black gold surged over 9% last week. Prices have eased off since the jump on the open and thin liquidity within the market at the time may have exasperated...Read More