See the latest Australian dollar analysis here:
A fairly staid finish to the trading week here in Asia with a truncated session for mainland Chinese and Japanese markets equating to a bit of catch up and not much else, with the former retracing significantly. The USD is trying to firm here going into tonights unemployment print while gold is trying to build its breakout above the $1800USD per ounce level.
Meanwhile in crypto land, Bitcoin has fallen back again after failing to make last nights breakout overnight above the $57K level stick as its been unable to climb back to its Monday night highs nearer to the $60K level:
The Shanghai Composite is selling off fast in the afternoon session, currently down 0/6% to 3418 points, while the Hang Seng Index is making no headway at all, up 0.7% at 28651 points. Japanese stocks are seeing a similar wait and see attitude, with the Nikkei 225 closing unchanged at 29340 points while the USDJPY remains stuck here just above the 109 handle despite some recent Yen buying:
The ASX200 is having a solid finish to the week, up 0.3% to 7080 points while the Australian dollar is in a slight reversal after being considerably overbought from last night’s breakout that saw it rebuffed before hitting the 78 handle:
Eurostoxx and S&P futures are up slightly with the four hourly chart of the S&P500 showing price wanting to get past the 4190-4200 point level as resistance continues to build there from last week – can it make it stick tonight:
The economic calendar will focus squarely on the US non farm payroll (NFP) aka unemployment rate tonight, which will set the tone for the rest of the trading month til the next one…
Have a good weekend and stay safe!