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06 January 2022
Daily Analysis Report
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Asian Bulle n: U.S. dollar strengthens sharply against major peers as FOMC Mee ng Minutes signaled the Central Bank have to raise interest rates sooner than expected,
Asian stock markets in red, gold hovers around $1,805 mark
Key Headlines:
• China Caixin services PMI stands at 53.1 vs 52.1 previous release.
• U.S. stocks ended down sharply on Wednesday a er U.S. Federal Reserve mee ng minutes signaled the central bank may have to raise interest rates sooner
than expected – Reuters.
• The dollar fell on Wednesday but pared losses a er minutes released from the Federal Reserve's December mee ng showed the U.S. central bank may need
to act more quickly in hiking interest rates to combat infla on – Reuters.
• A "very ght" job market and unabated infla on might require the Federal Reserve to raise interest rates sooner than expected and begin reducing its overall
asset holdings as a second brake on the economy, U.S. central bank policymakers said in their mee ng last month – Reuters.
• U.S. stocks slid and Treasury yields jumped on Wednesday a er mee ng minutes released by the Federal Reserve indicated that it might not only raise interest
rates sooner than expected but could also reduce its overall asset holdings to tame high infla on – Reuters.
• Bank of America Corp told workers on Wednesday it will donate $100 to local food banks for every one of its employees who gets a COVID-19 vaccine booster
shot and no fies the bank before Jan. 31, according to a memo seen by Reuters – Reuters.
• Top U.S. infec ous disease expert Anthony Fauci warned on Wednesday against complacency about the Omicron variant of the coronavirus, saying the sheer
number of cases could strain hospitals despite signs of lower severity – Reuters.
• Brazil's Health Ministry said on Wednesday that it will go ahead with the voluntary vaccina on of children aged 5 to 11 years old against COVID-19 and
dropped plans to require a doctor's prescrip on – Reuters.
• The American Medical Associa on (AMA) on Wednesday cri cized the government's guidelines on quaran ne and isola on in the United States, saying the
guidance was "confusing" and risked further spread of COVID-19 – Reuters.
• Cuba ghtened border controls on Wednesday as the Caribbean island na on moved to tamp down a growing wave of coronavirus infec ons while keeping
doors open for its economically vital tourism industry – Reuters.
• A diabe c man who died in the western state of Rajasthan was India's first fatality from the Omicron COVID-19 variant, the health ministry said on
Wednesday, adding that overall infec ons had doubled to 58,097 over the past four days – Reuters.
Economic Data Ahead:
• (0700 GMT/1230 IST) German Factory orders, previous -6.9, expected 2.1.
• (0930 GMT/1500 IST) U.K. Final Services PMI, previous 53.2, expected 53.2.
• (1000 GMT/1530 IST) Euro PPI, previous 5.4, expected 1.1.
• (1230 GMT/1800 IST) U.S. Challenger Job Cuts, previous -77.0.
• (1330 GMT/1900 IST) Canada Trade Balance, previous 2.1B, expected 2.1B.
• (1330 GMT/1900 IST) U.S. Unemployment Claims Weekly, previous 198K, expected 199K.
• (1330 GMT/1900 IST) U.S. Trade Balance, previous -67.1B, expected -80.5B.
• (1500 GMT/2030 IST) U.S. ISM Services PMI, previous 69.1, expected 67.0.
• (1500 GMT/2030 IST) U.S. Factory orders, previous 1.0, expected 1.5.
Economic Events Ahead:
• No key events scheduled for the day.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.01% to 96.16 points.
AUD / USD
BUY SELL
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JANUARY,
2022
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
0.7226
R2 S2
0.7250
R3 S3
0.7272
R4
Commentary
S4
0.7299
Buy Above 0.7222
0.7250
0.7201
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7190
0.7165
0.7211
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie depreciates sharply on Thursday and slips below $0.7200 mark. Today pair
made intraday high at $0.7222 and low at $0.7195 mark. A day chart and H1 chart with triple EMA
suggest down trend for the time being. A sustained close above $0.7226 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $0.7180 will check further supports.
0.7180
0.7165
0.7130
0.7102
BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1321
R2 S2
1.1340
R3 S3
1.1372
R4
Commentary
S4
1.1400
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-
Time Frame: H1
EUR/USD: The Euro trades flat on Thursday ahead of German Factory orders and German CPI
results. The pair made intraday high at $1.1320 and low at $1.1304 mark. Today triple EMA on a day
chart is down and H1 chart suggests up trend for the time being.Aconsistent close above $1.1321 on
H1 chart requires for the upside rally. Alternatively, a sustained close below $1.1290 on H1 chart will
check further supports.
EUR / USD
1.1290
1.1272
1.1255
1.1237
Buy Above 1.1321
1.1340
1.1304
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1299
1.1274
1.1315
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
JANUARY,
2022
BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3555
R2 S2
1.3576
R3 S3
1.3594
R4
Commentary
S4
1.3618
Buy Above 1.3558
1.3590
1.3540
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3523
1.3491
1.3555
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
GBP/USD: The sterling depreciates against U.S. dollar and remains well supported below $1.3550
mark. Today pair made intraday high at $1.3557 and low at $1.3535 mark. A day chart and H1 chart
with triple EMAsuggest up trend for the time being.Asustained close above $1.3555 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3512 will check further supports.
USD
1.3512
1.3490
1.3465
1.3437
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
JANUARY,
2022
BUY SELL
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Technical Summary
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2790
R2 S2
1.2815
R3 S3
1.2840
R4
Commentary
S4
1.2878
Buy Above 1.2790
1.2823
1.2768
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2765
1.2738
1.2785
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/CAD: The CAD starts a new day on a lower note and remains well supported above 1.2750
mark. Pair made intraday high at 1.2786 to 1.2748 mark. Today a day chart is up and H1 chart with
triple EMA suggests down trend for the time being. A sustained close above 1.2790 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 1.2740 on H1 chart will check key
supports too.
USD /CAD
1.2640
1.2622
1.2600
1.2580
JANUARY,
2022
BUY SELL
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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
116.22
R2 S2
116.48
R3 S3
116.67
R4
Commentary
S4
116.94
Buy Above 116.20
116.50
115.91
– Take Profit
– Stop Loss
Trade Idea
Sell Below 115.78
115.50
116.05
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
USD/JPY: The Japanese yen trades marginally higher on Thursday and stabilizes below 116.00
mark. The pair made intraday high at 116.18 and low at 115.82 mark. The triple EMA on a day chart
and H1 chart suggest bullish trend for the time being. A sustained close above 116.12 on H1 chart
requires for the upside rally. Alternatively, a consistent close below 115.74 on H1 chart will check
further key supports.
USD /JPY
115.74
115.55
115.30
115.02
JANUARY,
2022
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
1811
R2 S2
1816
R3 S3
1821
R4
Commentary
S4
1827
Buy Above 1810
1816
1806
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1804
1798
1809
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The gold remained highly volatile in previous session as touched $1,829 mark overnight and currently
trading around $1,805 mark. Today pair made intraday high at $1,811 and low at $1,805 mark.Atriple EMAon a day chart
is up and H1 chart suggests down trend for the time being. A sustained close above $1,811 on H1 chart requires for the
upside rally.Alternatively, a consistent close below $1,798 will check further supports.
XAU [GOLD]
USD
/
1802
1798
1792
1786
JANUARY,
2022
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you!
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