Following the bounceback on Wall Street overnight, risk markets in Asia are in the main putting runs on the board with another surge in undollar assets going into the London open, with commodity currencies in particularly lifting significantly.
The Shanghai Composite is up nearly 0.2% going into the close, currently at 2847 points while the Hang Seng Index is putting in a solid session, currently up 0.6% to 24034 points, as daily price action keeps the rollover lows away and edges back towards the recent highs:
Japanese share markets are coming back as well with the Nikkei 225 closing nearly 1.6% higher to get back to 19429 points, while the USDJPY pair is almost unchanged here just below the 108 handle as the price pattern on the four hourly chart gets tighter:
The ASX200 has had another flat session after being up more than 1% at the open, closing 0.1% lower at 5217 points, with the Aussie dollar has launched off support to rally back up to the mid 63s, almost reached the start of week higher with momentum switching direction to the positive:
Eurostoxx and S&P futures are up around 0.2% or so going into the European open with the four hourly S&P futures chart showing a clawback of the recent selloff is only halfway through as the market wants to get back on the uptrend line (lower sloping black line) after briefly breaching the bearish rising wedge pattern:
