21 Feb: All quiet in the absence of the US. RBA Minutes, flash PMIs to be today’s focus.

By | February 21, 2017
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In the absence of NY it has been a very quiet session although stocks have drifted a little higher, with US stock indices again reaching all time highs on the back of generally firm European stock markets..

The US will be back in action today which will provide added liquidity and volatility, with the economic highlights to be the monthly release of the global Markit flash PMIs. Ahead of all that, the main focus will be on the RBA Minutes, where the RBA are likely to take a pretty neutral stance but will probably continue their mantra of a high Aud$ not being helpful to the economic outlook. Kiwi traders should look out for the Global Dairy Trade Index, to be released midday London. In the UK, the PSNBR will be released and BOE Governor, Mark Carney will be speaking. Late in the day we will get the latest API Weekly Crude Oil Stock Inventory figures.

To read the individual  currency/commodity outlook for each pair/product, please go to the “Articles” dropdown menu above.

 

CURRENCIES
EURUSD: 1.0615
Res  1.0635  1.0680  1.0710
Sup  1.0600  1.0555  1.0580
USDJPY: 113.11
Res  113.30  113.50  113.80
Sup  112.80  112.60  112.40
GBPUSD: 1.2462
Res  1.2485  1.2525  1.2550
Sup  1.2430  1.2400  1.2380
USDCHF: 1.0026
Res  1.0045  1.0085  1.0120
Sup  1.0000  0.9965  0.9930
AUDUSD: 0.7683
Res  0.7685  0.7700  0.7730
Sup  0.7675  0.7655  0.7635
NZDUSD: 0.7185
Res  0.7200  0.7220  0.7245
Sup  0.7170  0.7145  0.7120
INDICES / COMMODITIES
S+P: 2352
Res  2356  2360  2370
Sup  2346  2340  2336
DJI: 20627
Res  20670  20700  20750
Sup  20570  20500  20450
ASX SPI: 5745
Res  5764  5778  5800
Sup  5728  5716  5700
GOLD: 1237
Res  1244  1256  1266
Sup  1230  1224  1216
SILVER: 18.04
Res  18.10  18.20  18.45
Sup  17.90  17.75  17.55
OIL (WTI): 53.96
Res  54.30  55.00  55.20
Sup  53.70  53.20  52.70