See the latest Australian dollar analysis here:
Asian stock markets are mixed with a lack of a co-ordinated rebound in response to the buy the dip rally on Wall Street with local shares affected by more COVID restrictions, while risk currencies remain stalled in the wake of still strong USD. Gold and silver remain dead flat while Bitcoin continues its own struggle with a mild bounce up to the $34K level:
The Shanghai Composite was unable to gain further from its previous solid session, lifting only 0.1% higher to 3562 points, while the Hang Seng Index played catch up, gaining more than 1.4% to 28705 points. Japanese stocks volatility has disappeared with a scratch session today on the Nikkei 225, closing at 28874 points as the USDJPY pair continued to lift throughout the day to now get past the previous weekly high:
Australian stocks pulled back due to further COVID restrictions with the ASX200 falling back 0.6% to 7298 points as the Australian dollar remained relatively quiet, bunching up at the mid 75 handle as momentum reverted to the mid-zone:
Eurostoxx and S&P futures are advancing again as risk expectations are getting higher again with the four hourly chart of the S&P500 showing price nearly back to the previous correction high nearer the 4250 point level. Having cleared previous resistance at the 4230 point level this could be a complete fill:
The economic calendar has a slew of manufacturing and services PMIs from both Europe and the US tonight.