See the latest Australian dollar analysis here:
Asian stock markets are listless going into the end of the week due to the absence of Japanese traders and continued concern over delta variant outbreaks in the region. Bitcoin however is lifting sharply this afternoon, almost tripping over the $33K level to make a new weekly high while gold is falling back again to the $1800USD per ounce level:
The Shanghai Composite is selling off quickly, down 0.6% to 3551 points so far while the Hang Seng Index is getting back to the business of breaking bad, falling nearly 1% going into the close at 27448 points. The USDJPY pair remains stuck just above the 110 handle and unable to garner any positive momentum in the short term as it fails to beat the Friday night highs:
Australian stocks are basically unchanged as traders take on board the local lockdown extensions with the ASX200 still at 7386 points as the Australian dollar also is little changed at the 73.70 level from its overnight moves, unable to breach overhead ATR resistance on the four hourly chart going into the London open:
Eurostoxx and S&P futures are again edging slightly higher going into the European open with the four hourly chart of the S&P500 showing price wanting to extend past the previous weekly highs at the 4380 point level as momentum equally edges into the nicely overbought phase:
The economic calendar finishes the week with a slew of flash PMI manufacturing and services PMI for Europe and the US.
Have a good weekend and keep your chin up if in lockdown….