See the latest Australian dollar analysis here:
Asian share markets are quite mixed with a big inversion in direction today as Japanese stocks rallied, Chinese bourses dropped while the ASX200 did 2/5ths of nothing again. Gold and silver remain somewhat depressed but are putting in mild upswings in the short term, while Bitcoin is at a key technical point here, ready to break down significantly if it goes below the $33000 level later tonight. The four hourly chart is setting up quiet nicely either way:
The Shanghai Composite is pulling back sharply after this lunch break, currently down nearly 0.7% to 3587 points, while in Hong Kong the Hang Seng Index is off about half that, yet still above the 28000 point level, to be at 28176 points. Japanese markets are the standout with the Nikkei 225 up by more than 1%, closing at 28446 points as the USDJPY pair put in a very small recovery later in the session after getting poleaxed last night
The ASX200 was yet again unable to gain traction, lifting only 0.1% to 6686 points while the Australian dollar has tried to make good on last nights overall USD weakness but instead remains floating along at the mid 77’s going into tonights US inflation rate print:
Eurostoxx and S&P futures are flat lining once again going into the European open with the four hourly chart of the S&P500 still showing a lot of buying support as it remains poised to breakout above the 3800 point level:
The economic calendar heats up a little tonight with the latest US inflation data plus Euro-wide industrial production figures with a few more Treasury auctions and FedSpeak to get through on the other side of the session.