Kayaking in the Cook Islands, 2019: Photo by H. Becker
Stock markets are stumbling along across Asia after no lead from Wall Street overnight due to the US thanksgiving holiday. Bitcoin is trying to maintain itself above $17000 after getting tripped up falling over 10% yesterday, while a weaker USD is not helping gold much, still at a monthly low as it barely hovers above the $1800USD per ounce level:
The Shanghai Composite is floating along not doing much again today, currently at 3365 points while in Hong Kong the Hang Seng Index its treading water with a minor fall of 0.2% to 26776 points. Japanese stock markets continue to lift although its a modest session for the Nikkei 225, up only 0.2% to 26591 points while the USDJPY pair has broken down on the back of the weak USD, heading below the 104 handle and possibly back to where it started the week:
The ASX200 is again retracing, currently down 0.5% to be a smidgen above the 6600 point level while the Australian dollar is taking advantage of the weaker greenback, up to a new high for the week to the 73.70 level:
Eurostoxx and S&P futures are quite flat with the four hourly chart of the S&P500 still floating along at support at the key psychological 3600 point level:
The economic calendar finishes the week with a whimper – nothing much to report.
Have a good weekend and stay safe – see y’all next week as I take over for Leith who needs a well deserved break. Hopefully he can get out of that heaven on earth you call “mel-bin”…..hehheh