See the latest Australian dollar analysis here:
Asian stock markets are creeping ever higher, lifting by the megabullish sentiment on Wall Street from Friday night with more record highs and new yearly highs the order of the day.
Chinese stocks have diverted in fortune again with the goosed Shanghai Composite lifting nearly 0.5% to almost start the week back above the 3100 points level, while the Hang Seng Index has sold off sharply after almost making a new session high, closing some 0.7% lower to 28848 points:
Japanese share markets are making a little headway with the TOPIX up 0.5% while the Nikkei 225 only managed a meagre 0.1% lift, closing at 24083 points. The USDJPY pair is going nowhere but remaining above the 110 handle and well above its previous 2019 highs:
The ASX200 is putting in another record high for a solid start to the trading week, closing 0.2% higher at 7079 points. A lower Aussie dollar continues to help although after the usual Monday morning gap, the Pacific Peso has strengthened a tiny bit, but still short of the 69 handle and nowhere near threatening a breakout:
Both S&P and Eurostoxx futures are moderating going into the City open, although its probable we’ll see yet another breakout to new highs, with the four hourly chart of the S&P500 still quite overbought although momentum is reverting:
The economic calendar starts the week with the release of the IMF world economic update but also watch out for a speech from ECB President Lagarde.