11 June. Big week ahead. Trump/Kim, FOMC, ECB & BOJ all in focus+plenty more: FXCharts

Friday was a light data day, and although markets were choppy there was not too much directional movement. Currencies ended mostly within touching distance of where they started, with both the US$/majors and the crosses offering nothing new. Stocks ended up by around 0.25%, while WTI was down by around 0.35%. The metals were unchanged.

It is going to be a big week ahead, with the immediate focus likely to be on any repercussions following the G7 debacle although it will be a quiet start in terms of data, with little on today’s calendar and also being a long weekend in Australia. The NZ Mfg Sales for Q1 will be an early release in Asia, ahead of the Japan Machinery Orders for April. There is nothing at all to come from Europe apart from the UK Manufacturing/Industrial Production, the Goods Trade Balance and the NIESR figures, all for April. The US calendar is also empty on Monday and it would seem that most traders will stand aside while waiting on the Trump/Kim meeting on Tuesday and then the FOMC Meeting on Wednesday. Beyond there, the ECB Meeting is due on Thursday and the BOJ are up on Friday. Other key points coming up will include the German/EU ZEW Economic Sentiment Survey, US May CPI (Tue), China Q1 GDP, UK CPI (Wed), Australian Unemployment, China Retail Sales, German CPI, US Retail Sales (Thur), EU May CPI (Fri). Have a good day.

CURRENCIES
EURUSD: 1.1768
Res  1.1810  1.1840  1.1900
Sup  1.1725  1.1700  1.1655
USDJPY: 109.51
Res  109.60  109.80  110.00
Sup  109.35  109.20  109.05
GBPUSD: 1.3406
Res  1.3440  1.3470  1.3490
Sup  1.3380  1.3355  1.3330
USDCHF: 0.9849
Res  0.9885  0.9915  0.9935
Sup  0.9825  0.9790  0.9765
AUDUSD: 0.7596
Res  0.7610  0.7630  0.7650
Sup  0.7575  0.7560  0.7540
NZDUSD: 0.7028
Res  0.7050  0.7070  0.7095
Sup  0.7005  0.6975  0.6945
INDICES / COMMODITIES
S+P: 2779
Res  2780  2790  2800
Sup  2770  2760  2750
DJ30.FS: 25297
Res  25330  25465  25580
Sup  25165  25070  24960
SPI200.FS: 6060
Res  6065  6075  6090
Sup  6050  6040  6030
GOLD: 1299
Res  1305  1310  1315
Sup  1290  1285  1280
XAGUSD: 16.77
Res  16.90  17.00  17.10
Sup  16.65  16.55  16.45
OIL (WTI): 65.48
Res  66.20  67.35  68.45
Sup  64.80  64.25  63.50

By | June 11, 2018

Source: FXCharts

 

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