See the latest Australian dollar analysis here:
The return of mainland Chinese and Japanese markets has resulted in a mix mood across Asia with the ASX200 hit on local COVID problem and macro Chinese problems while a somewhat bullish catchup was played out elsewhere. The USD is still firming against the majors with volatility around the Scottish elections weighing on Pound Sterling while gold is having another go at breaking out above the $1800USD per ounce level.
Meanwhile in crypto land, Bitcoin has steadied again after a mild breakout overnight at the $57K level but its still off its Monday night highs as it tries in vain to get back to the $60K level:
The Shanghai Composite has returned but its a mild session so far, up slightly going into the close at 3451 points while the Hang Seng Index made a little headway, up 0.7% to be at 28528 points. Japanese traders returned and bid up stocks strongly with the Nikkei 225 closing 1.9% higher at 29340 points while the USDJPY was basically ignored with some mild Yen selling keeping it above the 109 handle and in a bullish sideways trend:
The ASX200 took back all of its previous gains on the NSW breakout and Chinese issues with a loss of 0.4%, mainly tech stocks, closing at 7062 points while the Australian dollar took a big hit on breakdown in diplomacy but has clawed back almost all of the intrasession volatility going into the London open as medium term pressure at these weekly lows continues to build:
Eurostoxx and S&P futures are barely moving with the four hourly chart of the S&P500 showing price seemingly anchored here below the 4190 point level as resistance continues to build and momentum readings are still pointing negative:
The economic calendar includes the latest BOE interest rate meeting and US initial jobless weekly claims.