See the latest Australian dollar analysis here:
Asian share markets are moving higher almost in unison, with Australian shares lagging but finally putting in a decent bid as Japanese stocks head above new decade highs. Gold and silver remain somewhat depressed with both unable to put in new session highs, while Bitcoin continues to hang on above its technical breakout level above $36000, getting nicely overbought but still needing another kick higher as there are some internal rollover signs building:
The Shanghai Composite is meandering nowhere after the lunch break, currently down nearly 0.3% to 3581 points, while in Hong Kong the Hang Seng Index is bursting higher, up 0.5% to edge further above the 28000 point level, currently at 28376 points. Japanese markets are breaking out again to new decade highs with the Nikkei 225 surging more than 1.5%, closing at 28908 points as the USDJPY pair tried to breakout of its current short term sideways funk, and is slowly itching above the 104 level:
The ASX200 was able to finally find some buyers, lifting 0.4% to close just above the 6700 point level while the Australian dollar remains stuck as it wrestles with a stronger USD and is poised here at the mid 77’s going into the London open:
Eurostoxx and S&P futures are slowly edging higher in line with other risk markets with the four hourly chart of the S&P500 still showing firm support as it begins to properly breakout above the 3800 point level:
The economic calendar includes the latest ECB minutes, then US initial weekly jobless claims and then the all important December retail sales print.