Author: Chris Weston

Chris Weston
Chris Weston

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Recent and archived work by Chris Weston for The Bull:

Trader thoughts into the Asia open – Trump taking on the the world

Nothing has really changed in the Fed’s liquidity operations through its T-bill purchases, and that continues to support risk. However, in the absence of the highly anticipated improvement in US manufacturing, and a market that was long of risk and incredibly short volatility – the fact, then, that Trump seemingly got out of the wrong…

Setting the scene for Asia -Trader thoughts from the floor

It’s a good day to be long the NZD and the bird has found its mojo, flying high against all major currencies, notably vs the CAD (NZDCAD +1.4%). NZDUSD was well traded as price smashed through the 0.6450 ceiling, pushing to the highest levels since 7 August. The combination of a solid rise in NZ…

The Daily Fix – Trader thoughts from the floor

There has been spluttering of news of note over the weekend, although the G10 FX open has been fairly sanguine, as should the futures open at 10am AEDT. A worsening of China’s producer inflation (-1.7% YoY), and Iran detailing they have come across oil fields with some 53 billion barrels shouldn’t cause too much angst….

The Daily Fix – trading a ‘phase one’ date

The leads for Asia are hardly uplifting, although we should see a mixed open, with the ASX 200 called up 24p (6684), while the Hang Seng and the Nikkei 225 should open a touch weaker – the latter facing headwinds from another failed break (see below) in USDJPY through 109, as well as the modest…

The Daily Fix – Micro meets macro in a big week for markets

With a fairly constructive Friday trading session, leading us into a weekend where rugby has dominated the proceedings, and markets-related news limited to Brexit developments, we see an eerily quiet open on the FX open, that suggests a calm open shortly in S&P 500, gold, crude and Aussie SPI futures. That said, it feels like…

The Daily Fix – EUR finding some form with stimulus talk in play

The noise in the Brexit saga is deafening, but by all accounts, we are closer on a customs arrangement on Northern Ireland, yet, still have to work on the issue of VAT. It is unclear at this stage if there will be any concrete proposal to thrash out in tonight’s EU Council meeting, but the…

The Daily Fix – a Brexit draft deal in the works, but…

We head into the Asia session long of risk, knowing this is a market that when everything seems to be too good to be true, reversals tend to happen. Our most substantial flow has centred on GBP, EUR and gold, although we’ve seen some interest in GBPJPY which has gained a punchy 1.8% – the…

The Daily Fix – Traders lower expectations of convergence in trade

It’s a tough day at the office for those bullish risk, notably equities into the Asian open, with S&P 500 futures sitting down 1.8% from the cash close. By way of a guide, Nikkei 225 futures are 1.2% lower in overnight trade, while Aussie SPI futures are sitting 71-points lower from the ASX 200 cash…

The Daily Fix – a big week of reacting to headlines

Consider the reaction function of markets through much of last week, where bad news seen in the data flow resulted in the selling of risk assets, and the buying of gold and Treasury’s. Certainly, that was the case after the poor US/global manufacturing and services ISM, but on Friday we saw an uninspiring US payrolls…

The Daily Fix – Looking into the unknown

The risk aversion that started in the wake of the poor global manufacturing series, and notably that of the US ISM manufacturing print, has accelerated, with traders pricing in a more worrying economic trajectory for the global economy. As suggested yesterday, the trend certainly in US data had been consistently beating expectations, so the sudden…