See the latest Australian dollar analysis here:
Outside local markets its been a tepid end to the trading week with most Asian stock markets looking to close with minor losses going into tonight’s US unemployment print. Bitcoin is relatively steady at the $19400 level, while gold has put on more gains, slowly climbing higher to be at $1841 as it struggles to get back to pre-breakdown support at $1860USD per ounce:
The Shanghai Composite is struggling, down 0.4% to 3431 points while in Hong Kong the Hang Seng Index is off by nearly 0.2% to 26686 points. Japanese stock markets are still going nowhere with the Nikkei 225 selling off into the close, down 0.3% to 26724 points while the USDJPY pair is struggling to stabilise after its whalloping overnight, currently still below the 104 handle:
The ASX200 continues its advance well above the 6600 point level, up 0.4% to 6642 points while the Australian dollar has retraced slightly from its own overnight advance, but still well above the 74 handle remaining somewhat overstretched:
Eurostoxx and S&P futures are quite flat going into the last session of the week with the four hourly chart of the S&P500 showing some stability after last nights relatively volatile moves:
The economic calendar concludes the week with the most important event of the month – US unemployment aka non-farm payrolls (NFP).
Have a good weekend and stay safe!