See the latest Australian dollar analysis here:
Stock markets in Asia are oscillating between small losses and tiny gains, with traders looking to the Fed again as it holds it symposium tonight in Wyoming. Chinese stocks are quite mixed with the Shanghai Composite again hovering on another scratch session going into the close, up three points to 2883 while the Hang Seng Index is the worst in the region, down nearly 1% to 26031 points. Price had been threatening the high moving average on the daily chart, but buyers have not had the confidence to push it higher, pushing it to a four day low:
Japanese share markets are putting in scratch sessions to due to the rise in Yen with the Nikkei 225 closing 0.05% higher to finish at 20628 points. The USDJPY pair has rejected its recent tiny uptrend with Yen firming to push the pair down almost to its intrasession lows for the week at 106.30:
The ASX200 is the best in the region, firming 0.3% higher to just over 6500 points, helped along by a much weaker Australian dollar. The Pacific Peso has almost matched its early week lows, currently hovering just above the mid 67’s with the four hourly chart still spelling trouble ahead:
S&P and Eurostoxx futures are flat and down 0.2% respectively, with the S&P500 four hourly chart still showing price rejecting the former highs at the 2940 points level, but steady above recent ATR trailing support at the 2890 level:
The economic calendar has a few preliminary PMIs to digest from Europe, but also US initial jobless claims and the Fed meeting to hang on every word uttered.