Asian stock markets continued in mixed fashion with mainland Chinese markets remaining under pressure with risk sentiment only positive in Japanese shares as Yen continues to sell off against USD. The Australian dollar has bounced back with a look-see above the 74 cent level versus USD, while oil markets are trying to stabilise after the overnight 5% drop. Gold is suffering from the recent profit taking selloff, now heading below the $1950USD per ounce level with daily momentum about to turn negative:
Mainland Chinese share markets remain quite unsettled, with the Shanghai Composite closing some 1.4% lower at 3149 points while the Hang Seng Index has slipped instead of slumping again, falling just 0.3% to finish at 20963 points. Japanese stock markets however continued to bounce higher, lifted by a very weak Yen with the Nikkei 225 closing 0.9% higher at 27217 points while the USDJPY pair has taken back a tiny bit of its overnight gains, still well above the 128 handle and well overbought with price action a long way from its trendline:
Australian stocks put in a good start with the ASX200 initially breaking through the 7600 point barrier but eventually closed with a scratch session, finishing at 7569 points, while the Australian dollar has followed through on its recent bounceback, climbing back above the 74 handle in a classic swing long play:
Eurostoxx and Wall Street futures are holding on to their overnight positions with the S&P500 four hourly chart still sniffing for a breakout above ATR overhead resistance as momentum finally switches to a positive setting, despite the falls in Netflix:
The economic calendar is again a bit quiet tonight, with US existing home sales plus a few Fed speeches to watch out for.