Asian stock markets are generally higher except for local stocks despite continued mixed leads from Wall Street and European stocks overnight with local currencies still strong despite the USD coming back a little against the majors in the wake of the lower US inflation print. Bitcoin continues to stall, falling below the $45K level as momentum reverts from its overbought status on the four hourly charts:
The Shanghai Composite is up nearly 1.4% going into the close, moving further above the 3600 point barrier to 3655 points while in Hong Kong the Hang Seng Index is up 0.4% to 30173 points, also staying above its own key 30000 point level. Japanese markets were closed for yet another holiday while the USDJPY pair was also largely unchanged at the mid 104 level but still looking very weak:
The ASX200 is still stuck in a trading range with a small fall of 0.1% to close at 6850 points with the Australian dollar surging a little this afternoon to get back to its previous intraweek high at the 77.40 level as it possibly turns this consolidation into a new breakout:
Eurostoxx and S&P futures are tracking sideways going into the London session, with the four hourly chart of the S&P500 showing a lot of hesitation here after failing to make any move above the 3900 point level stick as momentum begins to taper and this reflation rally runs out of puff:
The economic calendar includes US initial jobless claims and the continued circus in the Senate.