See the latest Australian dollar analysis here:
Stock markets are mixed again throughout Asia going into the final session of the week, with only Chinese markets seeing any upside action as the Bitcoin climbs through $18000 again while gold stabilises just above its recent lows, currently at the $1867USD per ounce level:
The Shanghai Composite is slowly eking out a positive session, up around 0.2% to 3366 points while in Hong Kong the Hang Seng Index is clawing back its recent losses, up 0.4% at 26449 points. Japanese stock markets remain in retracement mode with the Nikkei 225 off 0.7% to 25454 points while the USDJPY pair is slowly going nowhere here, remaining just below the 104 handle but not making new session lows:
The ASX200 is putting in a scratch session after a big week, currently sitting a few points lower at the 6540 level while the Australian dollar is having a very minor bounceback, a few pips shy of the 73 handle against USD:
Eurostoxx and S&P futures are again lacking momentum as seen on the four hourly chart of the S&P500, with price hovering just below last Friday’s low spot at the 3565 point level as the October highs continue to act as strong resistance:
The economic calendar finishes the week with a whimper, namely some tertiary data from Germany and the US.
Have a good weekend and stay safe!