See the latest Australian dollar analysis here:
Stock markets are largely higher across Asia but there more buying exhaustion is setting in as risk takes a break tonight for the US thanksgiving holiday. Bitcoin has finally tripped up, falling 6% so far today to be well below $18000 while gold remains at its new monthly lows, barely hovering above the $1800USD per ounce level:
The Shanghai Composite is floating along not doing much today, currently at 3365 points while in Hong Kong the Hang Seng Index its still a case of treading water with a minor lift of 0.2% to 26727 points. Japanese stock markets continue to surge higher however with the Nikkei 225 up 0.9% to 26537 points while the USDJPY pair has just holding on here after its recent surge but continues to stall out here at the 104.50 mid level:
The ASX200 was the odd one out, falling over 0.7% to close at the 6636 point level while the Australian dollar has tried and failed to make a new session high, coming up against staunch resistance at the 73.70 level once more – will it break?
Eurostoxx and S&P futures are up slightly with the four hourly chart of the S&P500 floating along given that trade tonight will be closed due to the SuperSpreader holiday across the nation. Support at the key psychological 3600 point level remains firm:
The economic calendar includes the latest FOMC minutes, German consumer confidence and the ECB meeting minutes to boot.