See the latest Australian dollar analysis here:
Asian share markets have fallen across the region, but not at the same levels as Wall Street overnight, although the ASX200 is having a go at it. Bitcoin has dropped nearly $2000USD however to a two month low while gold continues to decelerate into weekly support just above the $1936USD per ounce level:
In mainland China, the Shanghai Composite is down nearly 1% going into the close at 3355 points while in Hong Kong the Hang Seng Index is off 1.3% to be at 24694 points. Japanese stock markets are doing about the same with the Nikkei 225 taking back its previous gains to finish 1% lower at 23205 points as the USDJPY pair like most major currencies remains calm, sitting just above the 106 handle:
The ASX200 was the biggest loser however, falling some 3% to close the week out at 5925 points while the Australian dollar goes nowhere, hovering just below the 73 handle as it finds just a hint of buying support here going into tonight’s NFP print:
Eurostoxx and Wall Street futures are down 0.5% or so following last night’s rout with the S&P500 four hourly chart indicating some support here forming at the 3460 point level as the BTFD crowd begins to move in:
The economic calendar has the big one for the month – US unemployment or non-farm payrolls. Always a fun one to stay up late on Friday night to have a squizz at….stay safe and have a good weekend.