More hesistation and concern feeding into risk markets today here in Asia, with the shocking unemployment print in Australia absorbed without much fuss. The USD remains mixed against the majors going into the London open while gold holds fast just below the $1730USD per ounce level.
In mainland China, the Shanghai Composite is up a handful of points to close at 2939 points while the Hang Seng Index is down 0.4% to 24393 points, taking back the previous session gains. Yet another daily session not indicating any direction for price as this sideways move on the chart remains poised to go nowhere:
Japanese share markets continued to fall with the Nikkei 225 off by another 0.4% to 22355 points. Meanwhile the USDJPY pair almost matched last week’s low at the 106.80 level with a minor bounce in the afternoon as it looks very oversold going into tonight’s session:
The ASX200 fell the hardest, helped along by the poor unemployment print, down 0.9% to 5936 points, taking back the previous gains and unable again to get past the 6000 point barrier. The Aussie dollar remarkably held on despite the poor print, remaining just below the 69 handle and failed to make any new session highs on the four hourly chart:
Eurostoxx futures are off sharper than most results here in Asia, down by 0.8% or so while S&P futures have bounced back from last night’s late selloff, but this looks weak as price remains poised right on former resistance at the 3100 points level:
