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15 December 2021
Daily Analysis Report
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Asian Bulle n: U.S. dollar moves in rigid boundaries ahead of U.S. FOMC Interest Rate Decision, Asian stock markets mixed, gold hovers around $1,770 mark
Key Headlines:
• New Zealand Current Account stands at -8.30B vs -1.54B previous release.
• Australia Westpac Consumer Sen ment stands at -1.0 pct vs 0.6 pct previous release.
• China Retail Sales stand at 3.9 pct vs 4.9 pct previous release.
• China Industrial Produc on stands at 3.8 pct vs 3.5 pct previous release.
• China Unemployment Rate stands at 5.0 pct vs 4.9 pct previous release.
• The U.S. dollar rose again on Tuesday a er rebounding from a dip that nearly wiped out its gains from the day before as markets jostled with the different
paths major central banks are choosing between figh ng infla on or the economic drag of the pandemic – Reuters.
• Wall Street ended lower on Tuesday a er data showed producer prices increased more than expected in November, solidifying expecta ons the Federal
Reserve this week will announce a faster wind-down of asset purchases – Reuters.
• Global shares fell on Tuesday and the U.S. dollar rose to a near one-week high as investors nervously eyed the spread of the Omicron coronavirus variant and
awaited numerous central bank decisions due this week – Reuters.
• The S&P 500 and the Nasdaq tumbled on Tuesday a er data showed producer prices increased more than expected in November, solidifying expecta ons the
Federal Reserve this week will announce a faster wind-down of asset purchases – Reuters.
• Amazon has warned India's an trust body that revoking its 2019 deal with Future Group would send a nega ve signal to foreign investors and allow local retail
behemoth Reliance to "further restrict compe on", a legal document seen by Reuters showed – Reuters.
• U.S. President Joe Biden said on Tuesday he is encouraged by data released by Pfizer Inc on its COVID-19 an -viral medicine and his administra on has
ordered enough of the pills to treat 10 million Americans – Reuters.
• Canadian Prime Minister Jus n Trudeau will speak by phone to the premiers of the country's 10 provinces on Tuesday to discuss the rapidly spreading
Omicron variant of COVID-19, a provincial source said – Reuters.
• Pfizer-BioNTech's COVID-19 vaccine has been less effec ve in South Africa at keeping people infected with the virus out of hospital since the Omicron variant
emerged last month, a real-world study published on Tuesday showed – Reuters.
• France on Tuesday reported 63,405 coronavirus infec ons, the second-highest number of new infec ons this year since April – Reuters.
• Italy on Tuesday extended a COVID-19 state of emergency to March 31 and ruled that all visitors from EU countries must take a test before departure, amid
concerns over the spread of the Omicron variant of the coronavirus – Reuters.
• The Netherlands will extend restric ons aimed at slowing the coronavirus through Christmas and New Year's Eve holidays, including the early closure of
elementary schools, Dutch Prime Minister Mark Ru e said on Tuesday – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. CPI, previous 4.2, expected 4.8.
• (0700 GMT/1230 IST) U.K. Core CPI, previous 3.4, expected 3.7.
• (0700 GMT/1230 IST) U.K. PPI Input, previous 1.4, expected 0.5.
• (0700 GMT/1230 IST) U.K. PPI Output, previous 1.1, expected 0.6.
• (0745 GMT/1315 IST) France Final CPI, previous 0.4, expected 0.4.
• (0930 GMT/1500 IST) U.K. HPI, previous 11.8, expected 11.1.
• (1330 GMT/1900 IST) Canada CPI, previous 0.7, expected 0.2.
• (1330 GMT/1900 IST) Canada Common CPI, previous 1.8, expected 1.9.
• (1330 GMT/1900 IST) Canada Median CPI, previous 2.9, expected 2.9.
• (1330 GMT/1900 IST) U.S. Retail Sales, previous 1.7, expected 0.8.
• (1330 GMT/1900 IST) U.S. Core Retail Sales, previous 1.7, expected 0.9.
• (1330 GMT/1900 IST) U.S. Empire State Manufacturing Index, previous 30.9, expected 24.9.
• (1900 GMT/0030 IST) U.S. Interest Rate Decision, previous 0.25, expected 0.25.
Economic Events Ahead:
• (1700 GMT/2230 IST) Canada BoC Gov Macklem Speaks.
• (1930 GMT/0100 IST) U.S. FOMC Press Conference.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.06% to 96.51 points.
3. AUD / USD
BUY SELL
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DECEMBER,
2021
Technical Summary
Trend Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
0.7115
R2 S2
0.7140
R3 S3
0.7178
R4
Commentary
S4
0.7199
Buy Above 0.7116
0.7140
0.7091
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7087
0.7062
0.7121
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
AUD/USD: The Aussie remains almost unchanged after Westpac Consumer Sentiment data and
hovers around $0.7100 mark. Today pair made intraday high at $0.7112 and low at $0.7097 mark. A
day chart and H1 chart with triple EMAsuggest down trend for the time being.Asustained close above
$0.7115 on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7086 will
check further supports.
0.7086
0.7062
0.7040
0.7012
4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1272
R2 S2
1.1290
R3 S3
1.1320
R4
Commentary
S4
1.1350
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-
Time Frame: H1
EUR/USD: The Euro falls gradually against U.S. dollar and hovers around $1.1250 mark. The pair
made intraday high at $1.1269 and low at $1.1253 mark. Today triple EMA on a day and H1 chart
suggest bearish trend for the time being. A consistent close above $1.1272 on H1 chart requires for
the upside rally. Alternatively, a sustained close below $1.1240 on H1 chart will check further
supports. European Calendar will remain light for the day.
EUR / USD
1.1254
1.1240
1.1221
1.1197
Buy Above 1.1272
1.1298
1.1254
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1250
1.1228
1.1268
– Take Profit
– Stop Loss
Trade Idea
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,
2021
5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3251
R2 S2
1.3278
R3 S3
1.3299
R4
Commentary
S4
1.3315
Buy Above 1.3240
1.3265
1.3221
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3212
1.3191
1.3236
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
GBP/USD: The sterling trades flat in Asian hours ahead of U.K. CPI data and stabilizes below
$1.3250 mark. Today pair made intraday high at $1.3236 and low at $1.3222 mark. A day chart and
H1 chart with triple EMA suggest down trend for the time being. A sustained close above $1.3251 on
H1 chart will check key resistances.Alternatively, a consistent close below $1.3212 will check further
supports.
USD
1.3212
1.3186
1.3165
1.3150
GBP/
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,
2021
6. BUY SELL
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Technical Summary
Trends UpTrend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2867
R2 S2
1.2890
R3 S3
1.2915
R4
Commentary
S4
1.2940
Buy Above 1.2867
1.2909
1.2840
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2838
1.2802
1.2862
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/CAD: The CAD weakened sharply in previous session and today takes halt around 1.2850 mark
ahead of Canada’s CPI data. The pair made intraday high at 1.2867 and low at 1.2846 mark. Today a
day chart and H1 chart with triple EMA suggest up trend for the time being. A sustained close above
1.2867 on H1 chart requires for the upside rally. Alternatively, a consistent close below 1.2840 on H1
chart will check key supports too.
USD /CAD
1.2840
1.2815
1.2790
1.2765
DECEMBER,
2021
7. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
113.76
R2 S2
113.91
R3 S3
114.26
R4
Commentary
S4
114.58
Buy Above 113.80
114.08
113.62
– Take Profit
– Stop Loss
Trade Idea
Sell Below 113.50
113.25
113.72
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
USD/JPY: The Japanese yen exhibits range bound movement and trading above 113.50 mark. The
pair made intraday high at 113.80 and low at 113.63 mark. The triple EMAon a day chart and H1 chart
suggest up trend for the time being. A sustained close above 113.76 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 113.50 on H1 chart will check further key supports.
USD /JPY
113.50
113.30
112.90
112.62
DECEMBER,
2021
8. BUY SELL
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Technical Summary
Trend Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1776
R2 S2
1782
R3 S3
1789
R4
Commentary
S4
1794
Buy Above 1776
1784
1771
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1764
1758
1769
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The Gold depreciated sharply after robust U.S. PPI data and touched $1,766
mark. Today pair made intraday high at $1,773 and low at $1,769 mark.Aday chart and H1 chart with
triple EMA suggest bearish trend for the time being. A sustained close above $1,776 on H1 chart
requires for the upside rally.Alternatively, a consistent close below $1,767 will check further supports.
Traders eye U.S. Retail Sales and FOMC Interest Rate Decision for the further directions.
XAU [GOLD]
USD
/
1764
1757
1752
1747
DECEMBER,
2021
9. Thank
you!
Info@tpglobalfx.com
www.tpglobalfx.com
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