Morning Briefing 8 December 2022

DCFX · 08 Dec 2022 20.8K Views
Exchanges in Asia-Pacific were mixed with recession fears weighing on the continued negative sentiment.
US index futures were slightly lower after a fifth straight day of declines for the S&P 500 with Wall Street weighing the possibility of a recession.
Oil prices fell after data showed a bigger-than-expected increase in US fuel stockpiles.
Calendar





EURUSD — The euro rose as the US dollar weakened against major currencies and an ECB survey showed rising inflation expectations for next year.
Trend:↑
Support:1.0445
Resistance:1.0550



GBPUSD — The British pound rose as the dollar weakened against major currencies on fears that a hike in interest rates could push the US economy into recession.
Trend:↑
Support:1.2130
Resistance:1.2235



AUDUSD — The Australian dollar fell after data showed that the Australian economy grew less than expected in the 3rd quarter.
Trend:↑
Support:0.6640
Resistance:0.6740



USDJPY — The Japanese yen strengthened as the dollar weakened against all of its major rivals.
Trend:↓
Support:136.00
Resistance:137.70




XAUUSD — Gold rose, supported by a decline in the dollar and US bond yields as investors anticipate a slower rate hike from the Fed at next week's policy meeting.
Trend:↑
Support:1770.00
Resistance:1795.00






Crude Oil (WTI) — Oil prices fell after data showed a bigger-than-expected increase in US fuel stockpiles.
Trend:↓
Support:67.50
Resistance:77.50




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Editor: Callie
Proofreading:AUREL

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