Morning Briefing 7 December 2022

DCFX · 07 Dec 2022 20.7K Views
Stocks in Asia traded mixed on recession fears; China to report trade data.
US index futures were little changed on recession fears.
Calendar:





EURUSD — The euro fell against the dollar, as recession fears dampened riskier currencies.
Trend:↑
Support:1.0400
Resistance:1.0485



GBPUSD — British sterling fell, with the biggest US banks warning of an impending recession, which dampened risk sentiment and supported the US dollar.
Trend:↑
Support:1.2055
Resistance:1.2200



AUDUSD — The Australian dollar fell as recession fears dampened riskier currencies after warnings from the biggest US banks.
Trend:↑
Support:0.6640
Resistance:0.6750



USDJPY — The Japanese yen fell against the dollar after BoJ Kuroda said it was too soon to discuss the possibility of reviewing the central bank's monetary policy.
Trend:↓
Support:135.00
Resistance:137.65




XAUUSD — Gold prices were flat, with traders awaiting further direction from the Fed's rate hike strategy.
Trend:↑
Support:1755.00
Resistance:1786.00






Crude Oil (WTI) — Brent crude fell below $80 a barrel for the first time since January, on growing concerns over global demand.
Trend:↓
Support:70.00
Resistance:80.00




Disclaimer
Derivative investment involves significant risk and can result in the loss of your invested capital. You are advised to read and study carefully the legality of the company, products and trading rules before deciding to put your money in an investment. Be responsible and accountable in your trading.

RISK WARNING IN TRADING
Transactions through margin are products that use a leverage mechanism, carry high risks and are undeniably suitable for all investors. THERE IS NO GUARANTEE OF PROFIT on your investment and therefore be wary of those who provide guaranteed profit on trading. You are advised not to use these funds if you are not prepared to suffer losses. Before deciding to trade, make sure you understand the risks involved and also consider your experience.


Editor: Callie
Proofreading:AUREL

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