Asian stock markets have swung back in confidence as USD swings into further strength going into tonight’s non-farm payroll (NFP) aka US unemployment print. Bitcoin has been relatively steady throughout the Asian session, still unable to make a new high above the previous level above 38K as momentum flattens out on the four hourly charts:
The Shanghai Composite is up nearly 0.5% going into the close, remaining above the 3500 point barrier to be at 3518 points while in Hong Kong the Hang Seng Index is up the same to be at 29265 points. Japanese markets are leading the way though, with the Nikkei 225 accelerating 1.4% higher at 28732 points with the USDJPY pair finding even more life as it pushes higher through former resistance at the 105 handle:
The ASX200 had a great session to finish the week, up over 1.1% going into the close at 6841 points with the Australian dollar absorbed the latest RBA SOMP to remain just below the 76 handle and looking quite depressed here:
Eurostoxx and S&P futures are up slightly, with the four hourly chart of the S&P500 showing a small increase above last nights surge above the 3850 point level:
The economic calendar finishes the week with a pearler, US unemployment for January which should set the stage for risk taking for the rest of the calendar month.
Have a good weekend and stay safe!