22 Nov: Stocks at new all time highs. Janet Yellen speaking shortly. FOMC Minutes later.

By | November 22, 2017

 

It has been a mostly dull session in currency markets ahead of the US Thanksgiving Day long weekend with the exception of the Aud which took a leap higher after the RBA Governor; Philip Lowe hinted that the next rate move is likely to be higher. Other currency pairs have been rangebound, as have the metals and oil. Stocks took a leap to new all time highs lifted by technology and healthcare shares, which were boosted by bullish results from medical device maker Medtronic.

Wednesday should be mostly quiet until the US session, when the October Durable Goods Orders (exp +0.3%), Michigan Consumer Sentiment Index (exp 98) and the FOMC Minutes will be released. Ahead of that, the calendar is a little thin, with just the Australian Construction Work Done to be released in Asian time, while Europe will look to the UK Autumn Statement and the Minutes from the ECB Non-Monetary Policy Meeting for guidance. Note that Janet Yellen is going to be speaking in the late Tuesday US session, coming up shortly.

CURRENCIES
EURUSD: 1.1739
Res  1.1755  1.1775  1.1805
Sup  1.1715  1.1690  1.1670
USDJPY: 112.44
Res  112.70  112.95  113.15
Sup  112.20  111.90  111.65
GBPUSD: 1.3237
Res  1.3260  1.3280  1.3320
Sup  1.3210  1.3185  1.3170
USDCHF: 0.9913
Res  0.9945  0.9965  0.9985
Sup  0.9900  0.9890  0.9875
AUDUSD: 0.7579
Res  0.7590  0.7605  0.7620
Sup  0.7565  0.7550  0.7530
NZDUSD: 0.6830
Res  0.6845  0.6920  0.6885
Sup  0.6785  0.6750  0.6715
INDICES / COMMODITIES
S&P: 2596
Res  2600  2605  2610
Sup  2590  2585  2580
DJI: 23545
Res  23585  23650  23700
Sup  23500  23440  23370
ASX SPI: 5994
Res  6005  6020  6045
Sup  5985  5970  5955
XAUUSD: 1280
Res  1285  1290  1295
Sup  1275  1270  1265
XAGUSD: 16.96
Res  17.05  17.15  17.25
Sup  16.85  16.70  16.60
WTI: 56.92
Res  57.20  57.85  58.75
Sup  56.30  55.70  54.75

Please Login to Comment.