See the latest Australian dollar analysis here:
by Chris Becker
Outside the ASX200, share markets are rising across Asia with S&P futures spiking on the back of the Trump nomination speech at the White House where he lied about well, almost everything, but markets hung on to the anti-Chinese comments for some reason. Gold spiked back to its start of week high at the $1945USD per ounce level but still looks weak here:
In mainland China, the Shanghai Composite is up 0.5% to 3367 points while in Hong Kong the Hang Seng Index is trying to catch back the previous session losses, up nearly 1% to 25500 points. Japanese stock markets are also moving higher, the Nikkei 225 up 0.5% at 23331 points, as the USDJPY pair launches higher on the risk on meme to a near two week high:
The ASX200 is the odd one out, down 0.7% currently at 6087 points as earning season looks ominous while the Australian dollar isn’t helping by making a new weekly high, almost hitting the 73 handle in a solid spike:
Have a good weekend!