See the latest Australian dollar analysis here:
More positive moves across the board here in Asia, save local stocks as the Aussie dollar blipped higher alongside the Kiwi as the RBNZ meeting resulted in both currencies jumping higher against the USD. Gold is pushing above the $1900USD per ounce level while Bitcoin has broken out above the $40K level after being relatively steady post its Monday morning gap down:
The Shanghai Composite is up 0.3% going into the close at 3592 points while the Hang Seng Index is pushing even higher, currently up 0.8% to 29151 points. Japanese stocks are also putting on some gains with the Nikkei 225 closing 0.3% higher to 28642 points. Meanwhile the USDJPY continues to show no signs of life with the four hourly chart showing it still under the downtrend line from last week’s high:
The ASX200 was the only lose in the region, finishing 0.3% lower at 7092 points in the wake of a much stronger Australian dollar which finally broke through its near two week decline to almost pip through the 78 handle alongside an even stronger Kiwi, but can it hold to these gains as resistance has been so strong overhead:
Eurostoxx and S&P futures are up 0.4% or so although the four hourly chart of the S&P500 shows price hesitating here around the 4200 point level after gravitating around the intrasession high from last week at the 4160 point area previously:
The economic calendar is relatively quiet tonight with no major releases.