See the latest Australian dollar analysis here:
Stock markets are somewhat mixed throughout Asia, with only Japanese bourses dragging the chain as the USD continues to strengthen against all the major currencies. Bitcoin has stalled again after its fightback yesterday while gold looks set to capitulate below its recent lows, slump to the $1860USD per ounce level:
The Shanghai Composite was down at the start of the session but has regained firmly in the last hour, up 0.5% to 3363 points while in Hong Kong the Hang Seng Index has flopped the other way, losing 0.4% to be at 26431 points. Japanese stock markets remain in retracement mode with the Nikkei 225 off 0.4% to 25634 points while the USDJPY pair is decelerating in its own retracement, still below the 104 handle but not making new session lows:
The ASX200 was able to absorb the latest unemployment print without much concern, raising 0.2% to 6547 points while the Australian dollar slipped slightly on the result, heading back to its mid week level at 72.80 against USD:
Eurostoxx and S&P futures are again lacking momentum as seen on the four hourly chart of the S&P500, with price now retracing back to last Friday’s low spot at the 3565 point level as the October highs continue to act as strong resistance:
The economic calendar includes US continuing jobless claims data plus the latest existing home sales print for October.