Kayaking in the Cook Islands, 2019: Photo by H. Becker
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!