Morning Briefing 11 January 2023

DCFX · 11 Jan 2023 21.3K Views
The result of today's market movements seems to be that the opposite of the USD will weaken because the Fed still holds interest rates which aim to keep inflation from getting too high, this weakening of the USD makes the price of Gold still have the potential to strengthen which is quite high even though there is a slight decrease however the potential for an increase is still quite high due to the weakening of the USD, and this incident also has an impact on other currencies that are the opposite of the USD.

Earnings:Starbucks

Calendar:





EURUSD — It seems that the movement of the EUR currency today is still in correction / sideways but the direction of the trend is still bullish / rising, the potential is still on the rise considering that inflation continues in Europe not to mention there are still tensions between Russia and Ukraine that are getting higher. as well as higher inflation.
Trend(1H):↑
Support:1.05765
Resistance:1.06907



GBPUSD — The movement of the pound sterling is also still quite high due to inflation, even though it is currently being corrected, but the potential is still on the rise, however, the potential for bullish continuation is still high, causing people to find it difficult to buy their basic needs
Trend(1H):↑
Support:1.19921
Resistance:1.21138



AUDUSD — The movement of the Australian Dollar currency is still strengthening due to the weakening of the USD and the inflation rate in Australia which also has a significant impact.
Trend(1H):↑
Support:0.67122
Resistance:0.68014



USDJPY — USD movement seems to be still quite weak and looks like there will be. Signs for a reversal or slight increase are also supported due to tensions between Russia and Ukraine which made the USD weaken. Thus making the JPY strengthen
Trend(1H):↓
Support:132.150
Resistance:137.400




XAUUSD — At the beginning of this year it seems that Gold will still have a high enough potential to increase even though for now it seems that there will be a decrease, but there is still potential for an increase because the Fed is still holding interest rates this month
Trend(1H):↑
Support:1796
Resistance:1833.70






Crude Oil (WTI) — Oil prices have indeed fallen quite deeply, but for now they are still slightly corrected and there seems to be a sign of a reversal or a reversal, while there is potential for an increase
Trend(1H):↑
Support:76.99
Resistance:81.07




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