14 May: US$ choppy; slightly heavy at the start of the week. Quiet today. EU GDP, US Retail Sales, tomorrow.

By | May 14, 2018

 

Friday was a choppy but mostly uneventful session, with stocks up marginally (0.2%/0.3%) and the US$ still under some mild downside pressure, closing pretty near the levels where it started the week against most pairs. WTI settled lower but remains above 70.00 pb after posting a weekly gain as sentiment remained positive despite signs of an increase in US production as rig counts jumped for the sixth week in a row. The metals were unchanged.

The coming week will be pretty empty on Monday, ahead of Tuesday’s busier session, which includes the RBA Minutes, China Retail Sales, German/EU Preliminary Q1 GDP, UK Unemployment and Inflation Report Hearing, German/EU ZEW Economic Sentiment Survey and the US Retail Sales. Wednesday will focus on the German/ EU CPI, while Thursday will look to the Australian Unemployment figures and EU Trade Balance and then Friday,. Have a good week.

CURRENCIES
EURUSD: 1.1939
Res  1.1970  1.2000  1.2015
Sup  1.1930  1.1890  1.1840
USDJPY: 109.36
Res  109.55  110.00  109.80
Sup  109.15  109.00  108.75
GBPUSD: 1.3538
Res  1.3560  1.3585  1.3620
Sup  1.3500  1.3460  1.3430
USDCHF: 1.0004
Res  1.0040  1.0055  1.0070
Sup  0.9975  0.9955  0.9935
AUDUSD: 0.7541
Res  0.7565  0.7585  0.7605
Sup  0.7520  0.7500  0.7485
NZDUSD: 0.6962
Res  0.6985  0.7000  0.7030
Sup  0.6950  0.6925  0.6900
INDICES / COMMODITIES
S&P: 2727
Res  2735  2745  2765
Sup  2710  2690  2665
DJ30: 24808
Res  24825  25000  25175
Sup  24590  24360  24145
SPI200: 6102
Res  6115  6130  6150
Sup  6095  6080  6060
XAUUSD: 1318
Res  1325  1330  1335
Sup  1315  1310  1305
XAGUSD: 16.65
Res  16.80  16.95  17.10
Sup  16.55  16.45  16.30
WTI.fs: 70.48
Res  71.85  73.00  74.00
Sup  69.50  68.50  67.50