See the latest Australian dollar analysis here:
Another mixed day of trading in Asia with most stock markets declining or putting in minor scratch sessions as Wall Street futures pulled back in the wake of a probable Democrat victory in the special Georgian elections that will decide the fate of the Senate. Bitcoin continues to surge, now above the $35000 level while gold looks a bit toppy as it holds onto its recent gains after being overbought since the start of the week, currently just below the $1950USD per ounce level:
The Shanghai Composite is floating along again, up only a handful of points at about 3520, while in Hong Kong the Hang Seng Index has slipped, down 0.5% to 27516 points. Japanese stock markets are mixed with the TOPIX gaining while the Nikkei 225 lost another 0.3% to finish at 27091 points while the USDJPY pair has had a minor blip higher but remains below the 103 handle and previous key support at the December lows:
The ASX200 eventually finished down over 1.1% to 6607 points as Wall Street futures declined while the Australian dollar was able to match its previous session highs to be at the 77.70 level going into the London session, a little overbought but on track:
Eurostoxx and S&P futures are struggling weak going into the European open as the news of a probable Democratic victory in Georgia is absorbed by risk markets. The four hourly chart of the S&P500 has been pushed below the 3700 point level after Wall Street with price unable to get above short term resistance at 3725 points and looking in trouble here:
The economic calendar tonight has two important releases, namely the latest German inflation print, then the release of the latest FOMC minutes.