Risk sentiment is trending down again today here in Asia following the repeated unease on Wall Street overnight, going into the last US presidential “debate”. The USD remains firmly down against the majors with Yen still quite firm while the Australian dollar consolidates above the 71 level. Gold is trying to regain its lost ground from overnight, hovering here at the $1916USD per ounce level as momentum reverts from its overbought condition:
The Shanghai Composite is still struggling to gain momentum, down 0.2% going into the close, now at 3319 points while in Hong Kong the Hang Seng Index is flat, up only a handful of points to be at 24768. Japanese stock markets have lost all of their previous gains with the Nikkei 225 closing almost 0.8% lower at 23474 points as the USDJPY pair remains significantly oversold as USD sold off overnight:
The ASX200 was again unsure of itself, eventually closing only 0.3% lower to 6173 points, while the Australian dollar has firmed slightly at just above the 71 handle after its big surge overnight that was pulled back later in the session:
Eurostoxx and S&P futures are down about 0.6% or so going into the London open with the S&P500 four hourly chart still broadcasting a series of lower session lows as price hovers around the current intraweek and two weekly low at the 3420 point level:
The economic calendar has US initial jobless claims and German consumer confidence figures as its two main releases to watch out for tonight.