Japanese stocks are leading the way in the region with the stepping down of the Prime Minister, while traders overall are positioning for tonight’s all important US employment print. Risk currencies have slowed down their ascent, including gold which continues to hover above the $1800USD per ounce level, as Bitcoin tries to stabilise here after failing to decisively breakout above the $50K level, matching the previous weekly highs:
The Shanghai Composite is struggling to make headway, currnetly down 0.2% and hovering just below 3600 points while the Hang Seng Index is failing to keep afloat, currently down 0.7% as the 26000 point level turns into resistance. Japanese stocks continued their epic breakout, with the Nikkei 225 about to finish 1.8% higher at 29097 points:
Australian stocks were able to find a little bit more support with the ASX200 about to close the week out above the 7500 point level while, the Australian dollar has paused its surge, as it tapers above the 74 handle as volume dries up before tonight’s NFP print:
Eurostoxx and S&P futures are building steadily going into the London open, with the four hourly chart of the S&P500 showing price wanting to re-engage back above the 4540 point level as the BTFD crowd gets ready for the fill tonight:
The economic calendar finishes with a bang with tonights non-farm payrolls US unemployment print.