Macro Afternoon

See the latest Australian dollar analysis here:

Macro Afternoon

Asian stocks are having a solid session to finish the trading week as markets position themselves for what is likely to be a robust US unemployment print tonight. The USD is mixed versus most of the major currencies, although the Australian dollar is caught between the RBA playing catchup and the Fed as it hovers below the 70 cent level, while Pound Sterling remains weak despite the BOE raising rates overnight. Meanwhile oil prices are continuing to fall below recent key support levels, with Brent crude now pushed down to the $94USD per barrel level, while gold is relatively stable and holding above short term support at the $1790USD per ounce level:

Mainland Chinese share markets are basically treading water with the Shanghai Composite up only 0.1% to 3189 points while the Hang Seng Index is slipping into the close, currently down 0.2% at 20127 points. Japanese stock markets however are the standout despite growing tensions over Taiwan, with the Nikkei 225 up 0.8% to 28168 points as the USDJPY pair deflates slightly down back to the 133 level:

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