See the latest Australian dollar analysis here:
Stocks across the region had a less than mild response to the stonking NFP print on Friday night, with gains only half that of their northern hemisphere brothers. This was due to the latest Chinese export figures which disappointed, and strong Yen and Aussie dollar to the USD.
The Shanghai Composite only 2 points higher, still remaining above the 2900 point level it broke on Friday, but only just while the Hang Seng Index did the same with a scratch result to finish at 26510 points. The daily chart is showing tentative signs of a probable swing play back up to 27000 points but that high moving average needs breaching first:
Japanese share markets did better despite the stronger Yen, with the Nikkei 225 closing 0.3% higher to 23430 points, still remaining well clear of daily support at the 23000 level. The USDJPY pair gapped only slightly lower on the weekend open, hovering near the mid week lows at the 108.60 level:
The ASX200 advanced the strongest, lifting some 0.3% to 6730 points as miners and other mineral stocks helped pushed the whole edifice higher. The Aussie dollar is trying to get out of its rut, falling slightly on the open but unmoved at the 68.40 level as the pennant pattern on the four hourly chart suggests a breakout soon:
Both S&P and Eurostoxx futures are slightly lower going into the European open with the S&P500 four hourly chart showing how the recent bounceback is about to meet staunch resistance at the 3150 point level:
The economic calendar is very quiet tonight after the NFP print with the usual slew of Treasury auctions.