See the latest Australian dollar analysis here:
The bounceback continues here in Asia, with most stock markets putting in solid sessions following the rebound on Wall Street overnight. Currency markets are pushing USD down goign into tonight’s ECB meeting with Euro and Pound Sterling surging before the London open. Bitcoin is slowly building after its brief look-see below the $10000 level while gold is holding on to its overnight gains, not yet ready to break above resistance at the $1950USD per ounce level:
In mainland China, the Shanghai Composite was the odd one out, putting in a scratch session to be at 3252 points while in Hong Kong the Hang Seng Index is also relatively weak, up only 0.2% to 24519 points. Japanese stock markets were the best performers with the Nikkei 225 rising nearly 0.9% to 23235 points while the USDJPY pair is slowly deflating back towards the 106 handle:
The ASX200 put in a solid session, closing 0.5% higher to 5908 points, but still quite shy of the 6000 point level, as the Australian dollar continued to hold onto its own bounceback overnight, right on the Monday morning starting point at the 72.80 level against USD:
Eurostoxx futures are up 0.3% or so while S&P futures are up only 0.1% or so, with the S&P500 four hourly chart indicating a possible stall here at the 3400 point level:
The economic calendar will be dominated by the latest ECB meeting while the US initial jobless claim print will be interesting thereafter.