See the latest Australian dollar analysis here:
Stocks were all over the place today, initially starting out rough with gap downs across the region before most recovered in late trading on optimism that Wall Street will pull the rest of the risk edifice along. Gold nudged higher for a new daily high towards $1750USD per ounce while the Aussie dollar was largely unchanged.
In mainland China, the Shanghai Composite is going the opposite direction, falling 0.5% to 2882 points, with the Hang Seng Index down in sympathy if not magnitude, falling 0.1% to be at 24361 points, unable to re-engage on its previous breakout:
Japanese share markets were able to advance again, having broken free at the start of the week with the Nikkei 225 lifting 0.7% to 20595 points, while the USDJPY pair was relatively steady again,only slightly off its recent session highs on the four hourly chart but still ready to tackle last weeks high closer to 108:
The ASX200 was able to recover from a gap down of nearly 1% to finish over 0.2% higher at 5573 points, while the Aussie dollar is stuck here at the mid 65’s, unable to gain some traction as it continues to match the previous week high going into the London open:
Eurostoxx futures are down 0.5% or so, taking the Chinese lead with US stocks looking to stumble on the open as well with the S&P500 still unable to break above its weekly resistance level at 2960 points, which is required before everyone falls in and make’s a run for it up to 3000: