Almost complete green across the board on Asian stock markets as the signing of the huge US fiscal stimulus continues to act as a very positive catalyst across risk markets with a lower USD also elevating risk currencies like the Australian dollar and commodities. Bitcoin has again rebuffed its previous historic high after having a quick peak above the $58K resistance level where its likely to try again tonight:
The Shanghai Composite is putting in a mild up session, currently up 0.4% to 3449 points going into the close while the Hang Seng Index is the only sour note in the region, down 0.25% at 29311 points. Japanese markets are rebounding sharply with the Nikkei 225 about to close 1.4% higher at 2962 points as it gets back on its months long uptrend while the very supportive USDJPY pair is also trying to bounceback, not yet back over the 109 handle where it started this week but still hovering above key daily ATR support:
The ASX200 is finally finding some confidence with a nice solid session to end the week, currently up 0.7% at 6764 points while the Australian dollar is also pushing higher as it continues to find more buying support at the 77.80 level going into the European session:
Eurostoxx and S&P futures are up around 0.5%, with the four hourly chart of the S&P500 showing price hitting the previous record highs and wanting to burst higher and hit that magical 4000 point level before the end of the month:
The economic calendar finishes the week with German inflation and the latest EZ-wide industrial production figures, plus US Michigan consumer sentiment print.
Have a good weekend and stay safe!