While Bitcoin hits another new high, Asian stock markets are generally lower or steady across the board, as the divergent risk mood on Wall Street remains as traders await this week’s central bank meetings include the Fed. The USD has pushed all the undollars back after the weekend gap with the Australian dollar again unable to get back above the 64 handle.
Oil futures are pushing up slightly after pulling back to their recent weekly lows with Brent crude staying around the $74USD per barrel level while gold is also trying to lick its wounds from Friday night, sitting just above the $2650USD per ounce level:
Mainland Chinese share markets are having another poor session with the Shanghai Composite although it has fought back in afternoon trade, staying just below the 3400 point level while the Hang Seng Index is off by over 0.5% at 19686 points. Japanese stock markets are treading water yet again with the Nikkei 225 closing 0.1% lower at the 39447 point level while the USDPY pair has been able to hold on its overnight highs above the 154 handle:
Australian stocks finally got out of sell mode with the ASX200 closing 0.7% higher at 8314 points while the Australian dollar has drifted slightly lower to remain well below the 64 cent level:
S&P and Eurostoxx futures are holding on to their gains and losses from overnight as we head into the London session with the S&P500 four hourly chart showing momentum wanting to reengage to the positive side as price action seeks to solidify above the recent NFP print resistance area:
The economic calendar is again fairly quiet as traders await the FOMC and other bank meetings this week.