Morning Briefing 24 November 2022
DCFX · 24 Nov 14.2K Views
Stocks in Asia rose after the Fed signaled it would slow down 'soon'. The Bank of Korea opted for a smaller increase.
US index futures were higher as Fed minutes signal smaller rate hikes ahead.
Oil fell as G7 nations mulled price caps on Russian oil and gasoline inventories in the United States rose more than analysts expected.
Calendar



EURUSD — The euro rose after the FOMC minutes suggested the Fed may soon start slowing the pace of rate hikes.
Trend:↑
Support:1.0380
Resistance:1.0480



GBPUSD — Sterling rose after preliminary data on UK economic activity were better than expected, although still showing contraction.
Trend:↑
Support:1.2025
Resistance:1.2140



AUDUSD — The Australian dollar rose after the minutes of the FOMC meeting showed that most policy makers at the central bank agreed they would slow the pace of rate hikes soon.
Trend:↑
Support:0.6690
Resistance:0.6800



USDJPY — The Japanese yen rose against the dollar in the dovish FOMC meeting minutes.
Trend:↓
Support:140.70
Resistance:142.45




XAUUSD — Gold prices rose as minutes from the Fed's policy meeting showed an "overwhelming majority" of members voted to slow rate hikes.
Trend:↑
Support:1732.00
Resistance:1768.00






Crude Oil (WTI) — Oil fell as G7 nations mulled price caps on Russian oil and gasoline inventories in the United States rose more than analysts expected.
Trend:↓
Support:75.00
Resistance:82.5




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Editor: Callie
Proofreading:AUREL

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