See the latest Australian dollar analysis here:
Asian share markets are no longer unsettled as the realisation that an adult will be in the Oval Office in a few days kicks in the risk spirits with broad gains across most markets and S&P futures looking bright for the return of traders from the US long weekend. Bitcoin is a bit disappointing, not going anywhere and still stuck below the $37,000 level, still unable to find a bid to get it back up to the previous $40,000 high:
The Shanghai Composite is flat, currently hovering just below the 3600 point level while in Hong Kong the Hang Seng Index has soared higher, breaking out significantly again with a 2% plus session, well above the 29000 point level. Japanese markets are in reverse mode, taking back all of Monday’s losses with the Nikkei 225 closing 1.3% higher to 28616 points as the USDJPY pair jumps above the 104 handle after threatening to break down into a retracement below the 103.50 level after being in stall mode yesterday:
The ASX200 made a solid advance, closing 1.2% higher to 6742 points, heading straight back above the 6700 point level despite the Australian dollar putting on gains as well, with the Pacific Peso lifting back above the 77 handle in a short term swing play higher on the better risk mood:
Eurostoxx and S&P futures are picking up sharply going into the London open as traders return to their desks on Wall Street, with the four hourly chart of the S&P500 showing a 0.6% surge as price tries to get back above the previous weekly support level:
The economic calendar has two very important releases tonight, both German centric (and hence European centric), the latest inflation figures and then the closely watched ZEW survey.