See the latest Australian dollar analysis here:
It’s risk on everywhere here in Asia as the bids go wild as optimism for a stimulus package from the US Congress firms yet again. Bitcoin is going a bit nuts, heading straight through the $22000 point level to another historic high, while gold is trying to play catchup, now back above the $1860USD per ounce level as wants to get back to the previous December high:
The Shanghai Composite is up nearly 0.9% going into the close at 3650 points while in Hong Kong the Hang Seng Index has been more modest, rising 0.3% to finish at the 26546 point level. Japanese stock markets are also having modest rises, as the stronger Yen continues to weigh with the Nikkei 225 also closing 0.3% higher at 26831 points while the USDJPY pair continues its breakdown below former weekly support at the 103.70 level, heading straight towards the 103 handle:
The ASX200 is again the best in the region, closing more than 1% higher to 6756 points, bursting straight through the 6700 point level , with the Australian dollar also putting in a new high, ready to break above the 76 handle as nothing can stop the Pacific Peso juggernaught:
Eurostoxx and S&P futures are zooming higher again as the four hourly chart of the S&P500 shows it ready to go further than the 3700 resistance level and match or exceed the early December historic highs, catching up to other bourses and risk markets going ga-ga into Christmas:
The economic calendar is EZ wide core inflation figures plus weekly initial jobless claims and housing start numbers from the US.