It’s been another good green day for stock markets here in Asia with the USD remaining relatively weak against most of the undollars, except the Aussie which fell back on yet another boring RBA meeting. Gold is holding on to the $1910USD per ounce level, trading in a very tight range:
The Hang Seng Index was the strongest mover, up more than 0.8% to be almost above 24000 points while Japanese stock markets also pushed higher with the Nikkei 225 closing 0.5% higher at 23433 points. Meanwhile the USDJPY pair has been unable to advance on last nights gains, still stuck at the mid 105 level that it held all of last week:
The ASX200 had a relative staid session, gaining only 0.3% in the end to finish at 5962 points. The Australian dollar fell slightly on the RBA non-meeting result, heading back to its Monday morning opening level just above the 71.50 range as its little uptrend stalls:
Eurostoxx futures are up 0.2% or so while S&P futures flat, unable to advance on last night’s move higher with the S&P500 four hourly chart hovering just below the 3400 point level and slightly overbought at this new weekly high:
The economic calendar has lots of Fed and ECB speeches across both sessions tonight, and a few tertiary releases to keep an eye on but probably not earth-shattering.