Morning Briefing 16 Januray 2023

DCFX · 16 Jan 2023 23.1K Views
Exchanges in Asia-Pacific traded mixed, with expectations of cool inflation in the US lifting investor sentiment in the region.
US stocks are closed for Martin Luther King Jr. day.

Calendar:






EURUSD — The euro is back up by a weak US dollar on hopes of a slower rate hike policy from the Fed.
Trend:↑
Support:1.0800
Resistance:1.0930



GBPUSD — Sterling is near its highest in a month on strong economic data. The UK economy unexpectedly grew in November.
Trend:↑
Support:1.2175
Resistance:1.2300



AUDUSD — The Aussie dollar is near its highest level in 4.5 months supported by a series of strong economic data and hopes on the reopening of China's economy.
Trend:↑
Support:0.6950
Resistance:0.7035



USDJPY —The Japanese yen is nearing its highest in 7 months, with traders anticipating a BoJ meeting this week for the central bank's further adjustment of the control curve on yields.
Trend:↓
Support:126.25
Resistance:128.65







XAUUSD — Gold prices near nine-month highs, on hopes of a slower rate hike policy from the Federal Reserve.
Trend:↑
Support:1900.00
Resistance:1936.00






Crude Oil (WTI) — Oil prices rose, as the US dollar fell to a seven-month low and indications point to increased demand from China.
Trend:→
Support:77.00
Resistance:81.50




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