See the latest Australian dollar analysis here:
by Chris Becker
Sentiment is mixed again here in Asia with Japanese stocks having a long weekend, while Chinese stocks are falling slightly as a result of the rising Chinese/US tensions. The USD is still weak against all the majors with Bitcoin finally showing some signs of life during the session as gold keeps going higher.
In mainland China, the Shanghai Composite is down 0.3% to 3324 points while in Hong Kong the Hang Seng Index is putting on some mild gains, currently up nearly 0.6% to 25223 points. The daily chart still shows support firming at the 25000 point barrier, but overall the price pattern is still wobbly:
Japanese stocks were closed with the USDJPY pair stalled as well right above the 107 handle, unable to take advantage of any volatility:
The ASX200 had a modest session, lifting 0.3% to 6094 points by taking back some of the previous losses, but still not being helped by a strong Australian dollar that is looking to make another new high tonight as it firms well above the 71 handle:
Eurostoxx futures are up by 0.4% with S&P futures looking to breakout above resistance at the 3270 level – watch the NASDAQ first however as momentum reverts: