See the latest Australian dollar analysis here:
Asian share markets are all over the place again as Chinese mainland shares go back into freefall despite the solid run on Wall Street overnight, as NASDAQ futures try to reclaim the previous losses. The USD continues to firm against everything, although Bitcoin has broken free above the $52K level that has been holding it back for nearly two weeks as it looks set to revisit the former highs:
The Shanghai Composite is falling down fast going into the close, currently down 1.8% at 3359 points while the Hang Seng Index is actually up 0.5% to 28696 points. Japanese markets are re-surging however with the Nikkei 225 closing 1% higher to get back on its uptrend while the very supportive USDJPY pair has now pushed well above the 109 handle as it continues its two week long uptrend:
The ASX200 is lagging again, finishing 0.4% higher at 6771 points while the Australian dollar remains depressed below the 77 handle following the NAB Business Survey, making no headway at all going into the European session:
NASDAQ and S&P futures are up 1% and 0.5% respectively as the four hourly chart of the S&P500 shows a possible attempt to break up through the upper end of the downtrend channel tonight:
The economic calendar includes German balance of trade, but then shifts quickly to the latest GDP print for Europe which will be very currency sensitive.