See the latest Australian dollar analysis here:
A solid start to the trading week for Asian stocks, outside of Hong Kong, with the USD mixed against the majors as S&P futures start to gain. Bitcoin has jumped again on the weekend break, now back above the $19000 level, while gold has been relatively quite and unable to make any gains so far in the opening session, currently treading water at the $1834USD per ounce level:
The Shanghai Composite is up slightly going into the close, currently up 0.3% to 3359 points while in Hong Kong the Hang Seng Index has gone the other way, down nearly 0.6% to 26361 points. Japanese stock markets are re-engaging to the upside with the Nikkei 225 up 0.4% to 26737 points while the USDJPY pair is slowly pushing to get back above both trailing ATR resistance and the 104 handle but remains weak:
The ASX200 had a solid start to the week, up 0.3% to 6660 points but still unable to make a move above the 6700 point level stick, not helped at all by a super strong Australian dollar that after a mild pause at the mid 75s is ready to breakout again:
Eurostoxx and S&P futures are lifting firmly to start the trading week on a good note with the four hourly chart of the S&P500 showing price trying to get back to the mid week support level above the recent session lows at the 3660 point level as momentum remains in negative territory:
The economic calendar has a very quiet start to the week with industrial production figures from Europe and some US Treasury auctions but not much else. Oh, and the US Presidential election – the electors vote overnight.