See the latest Australian dollar analysis here:
Stocks are moving slightly higher across Asia desptie the scratch sessions on Wall Street overnight as a new round of optimism for the US/China trade quagmire gathers pace, just before the all important non-farm payroll/unemployment print later tonight.
The Shanghai Composite is hovering just on the 2900 point level with little change going into the close as the Hang Seng Index pushes much higher, currently up 0.7% to 26396 points with the daily chart showing signs of a probable swing play back up to 27000 points:
Japanese share markets are putting in a slow finish to the week as Yen buyers step in, with the Nikkei 225 set to close only 0.25% higher to 23362 points, but still remaining well clear of daily support at the 23000 level. The USDJPY pair has melted into the later half of the session, currently at its 24 hour low at the 108.70 level and very flat going into the City open:
The ASX200 has just pipped above the 6700 points barrier by climbing some 0.3% in today’s session, up to 6701 despite a firmer Aussie dollar and some poor macro news. The Aussie dollar is trying to get out of its rut, firming here just below the mid 68 level as it tries to tackle the series of lower highs on the four hourly chart:
Both S&P and Eurostoxx futures are moving higher with the S&P500 four hourly chart showing how the recent bounceback is casting aside resistance at the 3120 point level although momentum is not yet positive for a clear trend to firm in:
The economic calendar will focus squarely on the NFP/unemployment print in the ‘States tonight. Plus the impeachment hearings!