Morning Briefing 9 December 2022
DCFX · 09 Dec 2022 23.3K 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





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

Recommend