See the latest Australian dollar analysis here:
Asian stock markets are relatively mixed but bullish overall in response to the continued uptrend on Wall Street overnight, although concerns over Chinese energy supply and inflation continue to weigh with the latter to be brought to the fore with tonights dual European/non-European inflation prints. Gold is trying to reclaim lost ground again, returning to the $1777USD per ounce level while Bitcoin has pushed aside the previous record high from April this year, currently just below the $64K level:
The Shanghai Composite is down 0.1% to 3591 points, while nothing is holding the Hang Seng Index back as it surges 1.1% higher to 26102 points. Japanese markets however are flat lining with no material gains as the Nikkei 225 closed flat at 29238 points while the USDJPY pair is pushing past its Friday night gains to exceed the mid 114 level:
Australian stocks finally joined the crowd with the ASX200 closing 0.5% higher to get through the 7400 point level, finishing at 7413 points while the Australian dollar continued its overnight breakout, almost pushing through the 75 level against USD:
Eurostoxx and S&P futures are rising in line with Asian shares as we head into the London session, with the four hourly chart of the S&P500 showing price wanting to extend its overnight gains and push straight through the 4500 point level as it builds well above the previous weekly close at 4400 points:
The economic calendar ramps up with UK and Euro wide core inflation prints for September, then US private oil stock data.