by Chris Becker
Stock markets are generally have good sessions across Asia with gold moderating from its big correction previously, having not moved since the London fix last night at the $1933USD per ounce level, while silver is poised just below the $26 level, ready to breakout:
In mainland China, the Shanghai Composite is toying with a positive return, but only just with oscillation around the 3320 point level while in Hong Kong the Hang Seng Index is slipping, currently down 0.2% to 25193 points. Japanese stock markets were the best in the region with the Nikkei 225 closing 1.7% higher at 23249 points, albeit with the USDJPY pair retracing back below its July support level at 106.70 (upper black horizontal line) as momentum reaches exhaustion levels:
The ASX200 was the worst off, not liking the latest job figures at all nor the recent earnings results with a fall of 0.6% to 6091 points. Meanwhile the Australian dollar absorbed the unemployment print with little drama, as the small uptrend from the mid week low is stabilising here at the 71.70 level, with the Pacific Pesos still generally directionless for the last two weeks:
Eurostoxx futures are down 0.3% while S&P futures are basically treading water as USD weakens, with the S&P500 four hourly chart still showing growing price support although momentum is very slightly waning:
