See the latest Australian dollar analysis here:
Stocks in Asia are still unsettled although Japanese stocks are holding up due to a much weaker Yen. While most major currencies are steady, Bitcoin continues to soar and gold is deflating.
The Shanghai Composite continues to fall, down over 0.5% to be at 2917 points going into the close. The Hang Seng Index is down a similar amount, closing 0.6% lower to 28161 points, remaining well below the previous set of highs at 28500 and now in dip mode below the low moving average band:
Japanese share markets are the standout because of a lower Yen with the Nikkei 225 closing 0.14% higher at 21565 points. The USJDPY pair is extending its gains from overnight to be just below the 109 handle going into the European session:
The ASX200 has put in a scratch session with a very minor loss to be down 0.1% to 6665 points, still not getting any help by the falling Australian dollar. The Aussie fell on the NAB business survey, falling straight back to the start of July low at the 69.50 level:
S&P and Eurostoxx futures are down 0.3% or so with the S&P500 four hourly chart accelerating into dip mode that could translate to a wider fall back to the previous highs at the 2950 point level:
The economic calendar mainly has central bank wonk speeches tonight with a few Treasury auctions.