{"id":217512,"date":"2021-12-21T00:44:24","date_gmt":"2021-12-21T00:44:24","guid":{"rendered":"https:\/\/www.gcmasia.co\/analysis\/en\/?p=217512"},"modified":"2021-12-21T00:44:24","modified_gmt":"2021-12-21T00:44:24","slug":"2111221-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/2111221-morning-session-analysis\/","title":{"rendered":"2111221 Morning Session Analysis"},"content":{"rendered":"

21 December 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis<\/strong><\/p>\n

 <\/p>\n

Sentiment towards US dollar remains positive.<\/strong><\/span><\/p>\n

US dollar recuperated its losses on yesterday as market sentiment towards the currency remains positive. Last week, Federal Reserve officials has agreed to reduce its bond purchasing program and ending it earlier next March due to rising inflation in the United States. Likewise, dot plot suggests that Fed officials are currently expecting 3 interest rates hikes next year, significantly more bullish when compared to market\u2019s speculation. On yesterday, Fed official Chris Waller signaled that interest rate hike may be initiated during March\u2019s policy meeting if inflation continues to rises for the coming months. On the other hand, pound sterling was traded lower on yesterday following widespread of Omicron variant in the UK. Last weekend, UK officials has reported more than 12,000 Omicron cases while total coronavirus cases have risen more than 50% within the period of 7 days. As of writing, the dollar index was down 0.03% to 96.46 while GBP\/USD was up 0.02% to 1.3210.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price rose 0.26% to $69.11 per barrel. Oil futures received strong buyback after Libya shutdown its oil rigs in several areas prior to election in order to avoid any equipment damages due to riots. Otherwise, gold price rose 0.14% to $1,791.16 a troy ounce following weaker greenback.<\/p>\n

 <\/p>\n

Today\u2019s Holiday Market Close<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event <\/strong><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Events<\/u><\/p>\n

Time\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Market\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Event<\/strong><\/p>\n

N\/A<\/p>\n

 <\/p>\n

Today\u2019s Highlight Economic Data<\/u><\/p>\n\n\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
17:30<\/td>\nCAD \u2013 Core Retail Sales (MoM) (Oct)<\/td>\n-0.2%<\/td>\n1.6%<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/u><\/strong><\/p>\n

\u00a0<\/u><\/strong><\/p>\n

Technical Analysis<\/u><\/strong><\/p>\n

\"\"<\/p>\n

DOLLAR_INDX, H4: <\/strong>Dollar index was traded higher following prior rebound from lower levels. MACD which illustrate bullish signal suggests the index to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 96.60, 96.80<\/p>\n

Support level: 96.35, 96.10<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GBPUSD, H4: <\/strong>GBPUSD was traded lower following prior retracement from higher level. However, MACD which illustrate diminished downward momentum suggests the pair to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 1.3220, 1.3290<\/p>\n

Support level: 1.3150, 1.3070<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H1: <\/strong>EURUSD was traded lower following prior retracement from higher levels. MACD which begin to form bearish signal suggests the pair to be traded lower in short-term.<\/p>\n

 <\/p>\n

Resistance level: 1.1285, 1.1320<\/p>\n

Support level: 1.1250, 1.1210<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, H4: <\/strong>USDJPY was traded higher following prior rebound from lower levels. MACD which begins to form bullish signal suggests the pair to be traded higher in short-term after closing above 113.70.<\/p>\n

 <\/p>\n

Resistance level: 113.70, 114.35<\/p>\n

Support level: 113.15, 112.60<\/p>\n

 <\/p>\n

\"\"<\/p>\n

AUDUSD, H4: <\/strong>AUDUSD was traded higher following prior rebound from lower level. MACD which illustrate diminished bearish momentum suggests the pair to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 0.7140, 0.7180<\/p>\n

Support level: 0.7085, 0.7040<\/p>\n

 <\/p>\n

\"\"<\/p>\n

NZDUSD, Daily: <\/strong>NZDUSD was traded lower following prior retracement from higher levels. MACD which illustrate diminished bearish signal suggests the pair to be traded lower in mid-term.<\/p>\n

 <\/p>\n

Resistance level: 0.6725, 0.6820<\/p>\n

Support level: 0.6670, 0.6615<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded higher following prior rebound from lower levels. However, MACD which illustrate diminished bullish signal suggests the pair to be traded lower in short-term.<\/p>\n

 <\/p>\n

Resistance level: 1.2975, 1.3045<\/p>\n

Support level: 1.2910, 1.2835<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H4: <\/strong>USDCHF was traded higher following prior rebound from lower level. MACD which illustrate diminished downward momentum suggests the pair to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 0.9230, 0.9255<\/p>\n

Support level: 0.9210, 0.9190<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil price was traded higher following prior rebound from lower levels. MACD which illustrate diminished downward momentum suggests its price to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 69.30, 70.40<\/p>\n

Support level: 67.10, 65.50<\/p>\n

 <\/p>\n

\"\"<\/p>\n

GOLD_, H4: <\/strong>Gold price was traded lower following prior retracement from higher levels. MACD which illustrate bearish signal suggests its price to be traded lower in short-term.<\/p>\n

 <\/p>\n

Resistance level: 1792.15, 1808.35<\/p>\n

Support level: 1776.95, 1765.95<\/p>\n","protected":false},"excerpt":{"rendered":"

21 December 2021\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis   Sentiment towards US dollar remains positive. US dollar recuperated its losses on yesterday as market sentiment towards the currency remains positive. Last week, Federal Reserve officials has agreed to reduce its bond purchasing program and ending it earlier next March due to rising inflation in the United States. […]<\/p>\n","protected":false},"author":25,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[13],"tags":[],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/217512"}],"collection":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/comments?post=217512"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/217512\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=217512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=217512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=217512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}