Kayaking in the Cook Islands, 2019: Photo by H. Becker
Another mixed day of trading in Asia with most stock markets putting in scratch sessions as confidence was lost on Wall Street overnight. Bitcoin volatility remains relatively high, putting in another $2000 roundtrip expedition and currently on a downleg below the $31000 level while gold looks a bit toppy as it runs out of puff from its way overbought move overnight, currently just on the $1940USD per ounce level:
The Shanghai Composite is floating along, up only 0.3% or so to remain just above the 3500 point level, while in Hong Kong the Hang Seng Index is slipping, down 0.1% to 27437 points. Japanese stock markets are still falling in the wake of a stronger Yen, the Nikkei 225 losing another 0.35% to finish at 27162 points while the USDJPY pair was unable to hold on to its swing roundtrip move above the 103 handle as it again threatens key support at the December lows:
After gapping down at the open by over 0.5% the ASX200 eventually finished with a scratch session, closing only 0.1% lower at 6681 points while the Australian dollar was able to recover most of its losses from the night before on the back of the solid ANZ job ad figures, currently hovering just above the 77 handle as it remains supported at the mid 76 level:
Eurostoxx and S&P futures are relatively weak going into the European open with the four hourly chart of the S&P500 hovering just below the 3700 point level after Wall Street lost its way overnight going into the Georgian elections:
The economic calendar includes the latest German unemployment figures, then the ISM Manufacturing print in the US.