Asian share markets are somewhat mixed yet again traders try to decipher where the battle lines are being drawn in the ongoing trade wars started by the increasingly isolated USA. The USD is trying to fight back but is seeing continued weakness against Euro and Pound Sterling with a mild bounceback in Yen this afternoon, with the Australian dollar failing to get back above the 63 cent level after recently making a new monthly low.

Oil markets are trying to recover with Brent crude now lifting above the $70USD per barrel level while gold has continued its bounceback above the $2900USD per ounce level with momentum getting back to overbought settings in the short term:

Mainland Chinese share markets have moved sharply lower in afternoon trade with the Shanghai Composite down nearly 0.9% while the Hang Seng Index has pulled more than 1% to the 23300 point level. Japanese stock markets however are on the rise again with the Nikkei 225 up nearly 0.3% to close at 36888 points while the USDPY pair has given up its recent gains to push back below the 148 level:

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Australian shares had one other selloff with the ASX200 closing practically 0.5% decrease at 7749 factors whereas the Australian greenback has held on however is discovering an excessive amount of resistance on the the 63 cent stage whereas it barely respects help slightly below:

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S&P and Eurostoxx futures are attempting to stabilise however appear to be heading decrease as we head into the London session with the S&P500 4 hourly chart exhibiting this breakdown able to go under the 5500 level stage because the Trump dump correction continues:

The financial calendar contains the most recent US PPI print and weekly preliminary jobless claims.

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