See the latest Australian dollar analysis here:
Some more optimism returns to Asian share markets with the strong lead from the lone European bourses overnight, with S&P futures indicating a solid open on the return of US traders from their long weekend. Bitcoin remains depressed, just hanging on to the $10000 level while gold continues to hover just above weekly support at the $1930USD per ounce level:
In mainland China, the Shanghai Composite is up nearly 0.7% to be at 3312 points while in Hong Kong the Hang Seng Index has taken back its previous losses to be up 0.5% at 24713 points. Japanese stock markets are doing even better, with the Nikkei 225 finishing 0.8% higher at 23274 points but the USDJPY pair is going nowhere fast:
The ASX200 was the standout again, gaining more than 1% in anticipation of a solid open tonight on Wall Street, finishing at 6007 points while the Australian dollar has launched out of the gates this afternoon to almost pop through the 73 handle:
Eurostoxx and S&P futures are indicating a solid gain on the open tonight with the S&P500 four hourly chart indicating strong buying support at the 3400 point level as we all wait for the BTFD crowd to move in:
The economic calendar includes the latest German trade balance figures, the highly anticipated Eurozone Q3 GDP estimate, then a big series of US Treasury auctions to watch out for.