Macro Afternoon

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Asian markets were able to absorb a triple whammy today, with the latest BOJ meeting, the usual numberwang that is Australian unemployment, and the impeachment saga in the US. Meanwhile the PBOC made their biggest cash injection into the market since January and pushed the Yuan fix back above the major 7 handle.

The Shanghai Composite is again stuck, still unable to advance significantly past the long held 3000 point resistance level, trailing about 0.1% lower going into the close, while the Hang Seng Index has fallen much more sharply, down 0.7% to 27703 points as it rejects the previous October highs:

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Japanese share markets have also pulled back despite a slightly weaker Yen, pushing the Nikkei 225 down almost 0.4% to 23859 points. The USDJPY pair continues to come up against strong resistance at the former weekly highs above the 109.70 level and is stuck between its low and high moving average bands:

The ASX200 is putting in yet another scratch result to be down 0.2% to 6841 points, again short of a new record high despite a much better unemployment print which saw the Aussie dollar spike higher. The Pacific Peso gets back to its Monday morning start at the 68.80 level but still lacks momentum:

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Both S&P and Eurostoxx futures are flat going into the European open with the S&P500 four hourly chart still showing price wanting to get to the next level of 3200 points, as momentum still diverges away:

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The economic calendar includes the BOE monthly meeting and US initial jobless claims.