See the latest Australian dollar analysis here:
Asian share markets are having a very mixed start to the week in response to an equally mixed mood on Wall Street on Friday night with the fallout from the run in the Turkish Lira following the weekend sacking of the central bank governor has seen many risk currencies gap lower against USD. Bitcoin did the same but has climbed back to just over the $57K level as it wants to attempt another break above the $60K level:
The Shanghai Composite is up nearly 1% going into the close, currently at 3437 points while the Hang Seng Index is putting in a scratch session, closing at 29005 points. Japanese markets however fell fast on the open, with the Nikkei 225 closing 2% lower at 29174 points as the USDJPY pair continues to slide slower below the 109 handle:
The ASX200 took back its Friday session losses, lifting just over 0.6% to close at 6752 points while the Australian dollar gapped alongside other risk currencies in the wake of the Turkish Lira run, almost dropping below the 77 handle but clawing back later in the session:
Eurostoxx and S&P futures are flat so far, with the four hourly chart of the S&P500 showing price wanting to stop falling below the key 3900 point psychological level with momentum oversold and ready to bounce back on any good news:
The economic calendar is relatively quiet with a speech by Fed Chair Powell but also some existing home sales data in the US.