See the latest Australian dollar analysis here:
Risk appetites are back with generally good sessions across the regions stock markets with the latest RBA meeting – a hold – not exciting animal spirits that much in currency land. Bitcoin is only $400 or so off its record high from 2017, staying well above $19000, while the weaker USD is finally helping gold a little, pushing back off its recent extreme lows but still very weak at the $1784USD per ounce level:
The Shanghai Composite is rallying again before its long lunchbreak, up over 1.1% to be back above 3400 points while in Hong Kong the Hang Seng Index is taking back its previous losses to gain 0.8% to 26565 points. Japanese stock markets are bouncing back quickly, with the Nikkei 225 lifting over 1.2% to 26758 points while the USDJPY pair has continued its nascent swing trade higher, almost back to the 104.40 level:
The ASX200 has also absorbed the RBA meeting no-news with a 1% gain to almost take back the previous session loss, but still below the 6600 point level, while the Australian dollar also put on its own bounce, albeit relatively a lot smaller with a 30 pip move higher off last nights lows to the 73.60 level post meeting:
Eurostoxx and S&P futures are surging, up more than 1% with the four hourly chart of the S&P500 showing the consolidation overnight now turning into a breakout opportunity above the 3650 point level as the key psychological 3600 support zone remains intact:
The economic calendar continues tonight with German unemployment and Euro flash inflation figures, followed by US ISM manufacturing.