Asian stocks have been mixed throughout the session today as trading volume dries up in preparation for the US Thanksgiving holiday as risk sentiment remains fragile. The USD kept up the bid with the Aussie and Kiwi dollar pushed lower while Yen buyers stepped in slightly, not affecting Japanese shares.
The Shanghai Composite is down a few points to 2648 going into the close, coming back slightly after a sharp fall before the long lunch break. The Hang Seng Index is up ever so slightly, about 0.1% or so to 26004 points, just pipping above the previous support level at 26000 points with the daily chart starting to stabilse:
US and Eurostoxx futures are basically unchanged in light of the US Thanksgiving holiday with the four hourly S&P 500 futures chart showing a market still quite depressed and ready to revert back down to the recent lows above 2620 points:
Japanese stocks have seen a solid bid despite a stronger Yen with the Nikkei 225 closing 0.65% higher to 21646 points. The USDJPY pair is slowly reverting here with a small blip above trailing ATR resistance with a view to breaking below the tentative bearish rising wedge forming here on the four hourly chart:
The ASX200 has done the best, by far, rising over 0.8% to 5691 points, finally bouncing back to get back to the 5700 point support area. The Aussie dollar has clawed back as expected to the middle of the moving average band at the mid 72s and is likely to stay there given the lack of volume due to USD trading :
The economic calendar winds down to the Thanksgiving holiday with the release of the latest ECB minutes the only one to watch overnight.