11 Oct – FOMC Minutes the main event later on. Apologies, running late- server problems today.

By | October 11, 2017

 

 Sorry folks we had server problems this morning , so running very late today. Service will be limited today.

The US$ is a bit softer again today with the EU currencies gaining some ground in Asia and then building on those after the Catalan decision to suspend any move to independence. The metals have headed higher on the back of the weaker dollar, as has WTI which rallied sharply, by 3%, after Saudi Arabia vowed to reduce monthly crude exports amid expectations that market re-balancing is underway. Stocks are once again at all time highs as investors wait on the start of the corporate reporting season, Thursday.

It should all be fairly steady today, with little data on the cards until the FOMC minutes later today, which should be fairly upbeat given that the Fed left the dot points unchanged in September, with a December rate hike now about 80% priced in. Any real volatility though looks likely to be deferred until the US CPI/Retail Sales figures, to be released on Friday. Ahead of that, today, the Australian WBC Consumer Confidence and the China New Loans data will be the Asian focus, while Europe will disseminate the Catalan decision to suspend the move to independence.

CURRENCIES
EURUSD: 1.1802
Res  1.1830  1.1850  1.1870
Sup  1.1780  1.1755  1.1735
USDJPY: 112.52
Res  112.70  113.00  113.20
Sup  112.20  112.00  111.80
GBPUSD: 1.3197
Res  1.3230  1.3250  1.3265
Sup  1.3175  1.3130  1.3150
USDCHF: 0.9758
Res  0.9770  0.9800  0.9835
Sup  0.9735  0.9710  0.9685
AUDUSD: 0.7783
Res  0.7795  0.7815  0.7830
Sup  0.7765  0.7750  0.7730
NZDUSD: 0.7076
Res  0.7085  0.7100  0.7120
Sup  0.7050  0.7035  0.7010
INDICES / COMMODITIES
S&P: 2548
Res  2555  2560  2565
Sup  2535  2540  2530
DJI: 22783
Res  22800  22850  22900
Sup  22730  22680  22630
ASX SPI: 5748
Res  5740  5760  5780
Sup  5705  5685  5670
XAUUSD: 1290
Res  1295  1300  1305
Sup  1285  1280  1275
XAGUSD: 17.15
Res  17.25  17.40  17.50
Sup  17.00  16.90  16.75
WTI: 50.86
Res  51.40  51.75  52.40
Sup  50.50  50.00  49.50