See the latest Australian dollar analysis here:
A solid start to risk taking here in Asia with the usual Monday morning gaps absorbed with aplomb, especially viz currencies as investors look towards the Powell Put over the weekend, as the US Federal Reserve turns Japanese.
In mainland China, the Shanghai Composite is up over 0.5% to start the week almost reaching 2900 points, while the Hang Seng Index is up about half that or nearly 0.3% to 23872 points, holding just above the recent daily lows as resistance proves still looms overhead:
Japanese share markets bounced back with the Nikkei 225 able to keep above the 20,000 point level, rising 0.5% to 20133 points, while the USDJPY pair was relatively steady from the usual Monday morning gap open, currently just above the 107 handle and looking contained but positive going into the London session:
The ASX200 was the standout again, moving some 1% higher to start the week on a very positive note, closing at 5460 points, while the Aussie dollar was able to gain a little traction given its slump on Friday night but is still floating just above the 64 level against USD going into the London open and looking weak:
Eurostoxx futures are up over 1.7% with S&P futures up nearly 1% as Wall Street wants to close the gap back up to the start of week highs with another rally for the S&P500 up to 3000 points on the cards here: