Asian stock markets are finishing the trading week on a meek note, outside of the local market that is, despite Wall Street putting in another record high overnight. The USD is still regaining its strength while gold lifts a handful of bucks above the $1750USD per ounce level after being largely unchanged throughout today’s session:
The Shanghai Composite is again unable to gain traction, drifting 0.2% lower at 3515 points while the Hang Seng Index is back in reverse gear and continuing to fall, down 0.7% at 26331 points. Japanese stocks are barely making headway with the Nikkei 225 up a handful of points at just above the 28000 point level as the USDJPY pair also remains largely unchanged from its pullback on USD weakness mid week, hovering just above trailing ATR support and firm at the 110.40 level:
Australian stocks are putting in a solid session to finish the week with the ASX200 up more than 0.5% to cross the 7600 point level as the Australian dollar flounders away at its start of week position just above the 73.40 level:
Eurostoxx and S&P futures are slowly rising going into the London open, with the four hourly chart of the S&P500 showing price wanting to push ever higher, upwards towards freedom as momentum gets extremely overbought and everything looks fine and dandy:
The economic calendar finishes the week with a whimper with some trade numbers out of Europe then the closely watched Michigan consumer sentiment survey in the US.