See the latest Australian dollar analysis here:
A mixed trading session throughout Asia with most stock markets slipping or putting in scratch sessions in response to the equally mixed and cautious run on Wall Street overnight. Gold is holding above the $1700USD per ounce level as the USD is reverting slightly going into the London open as oil prices start to pick up slightly on news of Saudi oil production cuts.
In mainland China, the Shanghai Composite finished off by a handful of points to close at 2891, while the Hang Seng Index slumped 1.5% to 24226 points, taking back its start of week gains and forestalling a chance of a breakout:
Japanese share markets basically tread water all session with the Nikkei 225 closing 0.1% lower to 20366 points while a minor reversion in the USDJPY pair has been mostly filled late in the session, holding well above the 107 handle:
The ASX200 fell over 1% in a very cautious session, closing at 5403 points, while the Aussie dollar initially slumped down to the 64 handle before a late recovery has seen it touch the 64.70 level, but still looking weak here:
Eurostoxx and S&P futures are down around 0.4% going into the London open with the latter market still unable to breach the previous highs near the 2960 point level, as momentum remains well overbought from Friday’s session and looking to revert: