See the latest Australian dollar analysis here:
It’s all green again across Asian stock markets, and despite rising COVID-19 cases in Tokyo, Japanese authorities are looking to ease restrictions within the nation, boosting economic hopes, while locally the chance of further lockdowns has had no impact on the ASX200, at least for today. Meanwhile, gold continues to hold above $1800USD per ounce and other undollars like Yuan, Euro and Aussie lift higher as Yen also appreciates against “the King”.
In mainland China, the Shanghai Composite remained above the 3400 point level, up more than 1% to 3438 points while in occupied Hong Kong the Hang Seng Index is holding on to some minor gains, up only 0.1% to 26159 points. The daily chart shows price remains supported after the start of week breakout – but going nowhere:
Japanese stocks had a mixed session with the TOPIX going nowhere while the Nikkei 225 lifted off the floor to finish up 0.4% to 22529 points. The USDJPY pair remains weak here, unable to get back above trailing ATR support and just hovering above the 107 handle going into the City open:
The ASX200 finally put some runs on the board, lifiting nearly 0.6% higher to 5955 points but still remaining under that elusive 6000 point barrier. The Australian dollar was able to make further gains in its post RBA meeting run, but is still unable to break through the 69 handle with a rollover this afternoon:
Eurostoxx futures are up about 0.8%, playing catchup to the positive action on Wall Street overnight while S&P futures are relatively flat and look like staying where it started the week, reverting back to previous resistance at 3130 points: