See the latest Australian dollar analysis here:
A quiet end to the trading year for Asian stock markets with listless sessions across the region as liquidity and trading volume continue to dry up with Wall Street having an early today. The Australian dollar and other risk currencies are holding on to their recent while Bitcoin wants to punch higher above the $51K level as gold remains slightly above the $1800USD per ounce level – but only just:
Mainland Chinese shares are down a little with the the Shanghai Composite off by 0.4% to 3629 points while the Hang Seng Index is up slightly, lifting 0.2% to 23236 points. Japanese markets are flat lining however, with the Nikkei 225 barely up 0.1% to the 28823 point level while the USDJPY pair is staying elevated but not making any further highs after its recent punch through the 114 handle at last weeks high:
Australian stocks had a modest session higher, with the ASX200 closing up 0.4% to 7420 points while the Australian dollar has been unable to advance on its overnight gains, still hovering just above the 72 handle as it holds on to its new weekly and monthly high:
The economic calendar is clear tonight as we head into Christmas.
Thats the last Macro Afternoon – and Morning Report – for the year, I’ll be keeping an eye on the site over the break with some unbalanced links every now and then, but see you all in the New Year.