12 Dec. Gbp down, Kiwi up in mixed session ahead of this week’s CB Meetings. EU ZEW, UK CPI, US PPI in focus today

By | December 12, 2017

 

The US$ is mixed ahead of the FOMC rate hike and new growth forecasts on Wednesday, with Cable trading weak in the follow-through of last week’s EU/UK Brexit deal, while the Kiwi is the strongest currency of the day after the announcement of the new Governor of the RBNZ, Adrian Orr.  In other markets, US stocks are firm, as is WTI which reversing earlier declines, after a North Sea pipeline shut for repairs. The metals are rangebound but trading with a slightly heavy bias.

Tuesday kicks off with the NAB Business Conditions/Confidence, the Q3 Australian House Price Index, October New Home Sales and the China Foreign Direct Investment  figure for November, which could  all combine for a rather active day for the Aud$. Europe will follow up with the German/EU ZEW Economic Sentiment Survey and the UK CPI (exp 0.2% mm, 3.1% yy), PPI & RPI and then from the US we get the US November PPI (exp 0.4% mm, 2.4% yy), US NFIB Business Optimism Index and the Monthly Budget Statement. Oil traders should look out for the API Weekly Crude Oil Stock Inventory.

CURRENCIES
EURUSD: 1.1766
Res  1.1800  1.1815  1.1830
Sup  1.1755  1.1730  1.1710
USDJPY: 113.53
Res  113.65  113.80  114.05
Sup  113.25  113.10  112.95
GBPUSD: 1.3336
Res  1.3385  1.3430  1.3480
Sup  1.3320  1.3265  1.3220
USDCHF: 0.9919
Res  0.9935  0.9950  0.9965
Sup  0.9900  0.9880  0.9860
AUDUSD: 0.7528
Res  0.7535  0.7550  0.7565
Sup  0.7520  0.7500  0.7480
NZDUSD: 0.6911
Res  0.6930  0.6945  0.6960
Sup  0.6900  0.6875  0.6850
INDICES / COMMODITIES
S&P: 2661
Res  2665  2670  2675
Sup  2655  2650  2645
DJI: 24402
Res  24540  24650  24750
Sup  24320  24225  24145
ASX SPI: 6021
Res  6025  6035  6045
Sup  6000  5980  5960
XAUUSD: 1243
Res  1245  1250  1255
Sup  1240  1235  1230
XAGUSD: 15.73
Res  15.90  16.05  16.25
Sup  15.65  15.45  15.20
WTI: 57.97
Res  58.05  58.50  59.00
Sup  57.30  56.90  56.50