See the latest Australian dollar analysis here:
Share markets are bouncing back across Asia in anticipation of a positive return on Wall Street tonight as it comes back from a long weekend. Crypto is even recovering from its crash over the weekend, with Bitcoin bouncing back above the $21K level, while the USD is solidifying against most of the undollars, with the Australian dollar still unable to get back above the 70 cent level. Oil prices are drifting sideways, with Brent crude just above the $114USD per barrel level while gold is down a handful of dollars as it struggles at the $1834USD per ounce level:
Mainland Chinese share markets are mixed with the Shanghai Composite slipping going into the close at 3307 points while the Hang Seng Index has gained more than 1%, currently at 21395 points going into close. Japanese stock markets have finally bounced back with the Nikkei 225 index closing more than 1.8% higher at 26246 points while the USDJPY pair continues to stabilise from its Friday night bounce back to be just above the 135 handle:
Australian stocks finally put in a solid lift, with the ASX200 finishing more than 1.4% higher at 6523 points. The Australian dollar has gone nowhere since its overnight small slip back to mid 69 level as four hourly momentum flips into the negative zone:
Eurostoxx and Wall Street futures are slowly drifting up going into the European open, with the S&P500 four hourly futures chart showing rice action still anchored here at the 3700 point level as the May lows (lower horizontal black line) turn into firm resistance:
The economic calendar includes a lot of ECB speeches then US existing home sales.