See the latest Australian dollar analysis here:
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