Asian stock markets remain relatively unsettled with a lack of economic catalysts save the volatility on bond markets helping dampen down risk spirits. The USD is relatively strong against the major undollars, with gold pushing past the $1865USD per ounce level while Bitcoin has collapsed through its recent support levels, about to push below the $60K level:
Chinese shares are quite mixed with the Shanghai Composite down 0.1% going into close, currently at 3529 points while the Hang Seng Index is quickly surging, up over 1% at 25673 points. Japanese markets are stuck lacking any direction, with the Nikkei 225 barely closing 0.1% higher at 29808 points as the USDJPY pair tries to get back to its previous weekly highs above the 114 handle but is running out of puff indicating resistance ahead:
Australian stocks were the odd ones out after the reaction to the latest RBA minutes with the ASX200 closing 0.7% lower at 7420 points while the Australian dollar is starting to rollover from its mild bounce from Friday night, hovering just above its own low moving average on the four hourly chart with short term resistance overhead still not under threat:
Eurostoxx and S&P futures are lacking any upside potential so far, with the four hourly chart of the S&P500 showing price still needing to clear short term ATR resistance at the 4700 point level to get back on its previous unstoppable trend:
The economic calendar continues with UK unemployment and US retail sales and industrial production for October.