Macro Afternoon

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Asian stocks are all over the place with local and Chinese mainland rallies overshadowing wider falls across the region after the wishy washy return of Wall Street overnight. Bitcoin is still trying to get back its weekend gains with a small move back above the $34K level but its failing to stick while gold is also trying to get back above $1800USD per ounce after its overnight surge was thwarted:

The Shanghai Composite is bouncing back, up 0.4% to be at 3544 points while the Hang Seng Index is still selling off, down 0.7% to 27085 points as it heads into freefall. Japanese stocks are being hit hard by the COVID problems around the Olympics, with the Nikkei 225 currently down 1% at 28320 points as the USDJPY pair continues to head down sharply as Yen safe haven buying accelerates:

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Australian stocks are rebounding sharply on the back of a much lower Aussie dollar with the ASX200 currently up 0.7% to get back above the 7300 point level. Meanwhile the Australian dollar is licking its wounds after getting hit hard overnight, struggling here to get back above the 75 handle:

Eurostoxx and S&P futures are struggling to gain momentum with the four hourly chart of the S&P500 still pointing to a possible break below trailing ATR support at the 4300 point level that could really open up a risk off event:

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The economic calendar is relatively empty tonight until the release of the previous FOMC meeting minutes later in the session.