Morning Briefing 9 December 2022

DCFX · 09 Dec 2022 23.6K Views
Exchanges in Asia-Pacific rose, with China's inflation data more or less in line with expectations.
US index futures were flat as investors looked forward to new inflation data due later this evening.
— Gold prices rose as the dollar weakened, while investors anticipated next week's US inflation and FOMC data.
Oil prices weakened on the prospect of a major crude oil pipeline that was closed after the leak, returning to operation.
Calendar:





EURUSD — The euro was higher against the US dollar, as investors weighed the prospects for US Fed policy against the possibility that higher interest rates could trigger a recession.
Trend:↑
Support:1.0515
Resistance:1.0665



GBPUSD — The British pound is near a six-month high, supported by confidence that the UK's fiscal plan to use spending and lending is in line with reality.
Trend:↑
Support:1.2200
Resistance:1.2350



AUDUSD — The Australian dollar rose on a weaker dollar and optimism about China's shift in Covid-related policies.
Trend:↑
Support:0.6740
Resistance:0.6840



USDJPY — The Japanese yen was strengthened against the dollar by falling US treasury yields.
Trend:↓
Support:135.50
Resistance:136.80




XAUUSD — Gold prices rose as the dollar weakened, while investors anticipated next week's US inflation and FOMC data.
Trend:↑
Support:1780.00
Resistance:1800.00






Crude Oil (WTI) — Oil prices weakened on the prospect of a major crude oil pipeline that was closed after a leak, returning to operation.
Trend:↓
Support:67.50
Resistance:77.50





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Editor: Callie
Proofreading:AUREL

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