See the latest Australian dollar analysis here:
Japanese stocks tread water today as other markets leaped ahead on the news that the Twit-in-Chief may delay the upcoming December 15 tariffs, although currency markets were relatively stable as were gold and Bitcoin.
The Shanghai Composite closed nearly 0.3% higher to 2924, building above the 2900 point level it broke on Friday, while the Hang Seng Index shot nearly 0.8% higher to finally make a new daily high, finishing at 26645 points. The daily chart is showing tentative signs of a probable swing play back up to 27000 points:
Japanese share markets remained sleepy, not helped by a static Yen, with the Nikkei 225 closing 0.1% lower to 23391 points, still remaining well clear of daily support at the 23000 level. The USDJPY pair is slowly building up out of its very tight range, having bottomed out at last weeks low nearer the 108.40 level:
The ASX200 was the biggest mover, but to the upside this time, closing 0.7% higher to 6752 points as it builds well above key support at the 6700 point level. The Aussie dollar tried to move higher but remains steadfast at the 68 handle which at least is providing a modicum of support:
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 still can’t break staunch resistance at the 3150 point level:
The economic calendar has a big one on the radar tonight – the latest CPI print from the US.