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Thursday 12th of November Market Report

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As of 10:00 CET

Stronger Australian jobs report out overnight and AUD is much higher across the board. We are looking for further upside in the AUD next 2 weeks. Key resistance is 0.7170 at the moment.

Crude held 42.50 key support yesterday, which is a huge level. Looking for a bounce today, but we need to get above 43.40 resistance pretty soon to get things moving. DOE crude inventory data out today as well at 16:30 and OPEC Monthly report at 12:45. So plenty of event risk.

The FX market seems to be pretty much a US dollar play at the moment combined with crude oil. When Euro is bid, it is bid across the board on the crosses as well and vice versa.

CHF is looking very rich and we are very bearish on the CHF going forward and would not be surprised to see it towards 1.2 vs EUR in the next 3-5 months.

ES has key support at 2062 and the 120min chart is bearish with lower highs the last few days.

NOKSEK testing key rising trendline on daily chart, looking like a long here with stop at 99.30.

 

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Risk Warning:  

Any information in this report is based on data considered to be reliable, but no representations or guarantees are made by KBR Capital Partners AS with regard to the accuracy of the data. This information is provided on condition that we accept no responsibility, legal or other for its contents. We, including our directors, officers, employees or publishers, disclaim all liabilities. Any statement constitutes only current opinions, which are subject to change. Neither the information nor any opinion expressed shall be construed to be, or constitute an offer to sell or a solicitation of an offer to buy any investments mentioned herein. Prices can go down as well as up. There is a significant risk involved in derivatives trading, including the risk of loss greater than the original investment. Past performance is no guarantee of future results. Conditions can vary from client to client, and therefore influence performance. The opportunity for profit creates a corresponding risk of loss. Anyone wishing to invest in any of the products mentioned should seek their own financial or professional advice.

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