{"id":217860,"date":"2021-12-22T00:38:33","date_gmt":"2021-12-22T00:38:33","guid":{"rendered":"https:\/\/www.gcmasia.co\/analysis\/en\/?p=217860"},"modified":"2021-12-22T00:38:33","modified_gmt":"2021-12-22T00:38:33","slug":"221221-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/221221-morning-session-analysis\/","title":{"rendered":"221221 Morning Session Analysis"},"content":{"rendered":"

22 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

Pound sterling rebounds as Brexit fear eases.<\/strong><\/span><\/p>\n

Pound sterling rebounds during late European trading session on yesterday after comments from UK officials eases market fear over Brexit complications. During an interview, Ireland Prime Minister Michael Martin commented that talks in between UK and EU are going smoothly. The comment was given after ex Brexit Minister David Frost resigned last weekend while being replaced by UK Foreign Secretary Liz Truss. Prior, investors were concerned over complications that may arise following Frost departure after conceding to recent by-election defeat, losing formerly safe seat of North Shropshire to Liberal Democrats. Nonetheless, any major upside upon pound sterling remains limited following rising coronavirus cases in the region. On yesterday, UK government reported 90,629 new coronavirus cases as Omicron variant spreads rapidly over the past few days. As of writing, pair of GBP\/USD ticked up 0.01% to 1.3263.<\/p>\n

 <\/p>\n

In the commodities market, crude oil price appreciates by 0.10% to $71.27 per barrel. Oil futures extended its gains this morning after American Petroleum Institute reported a draw in their oil inventories by 3.7 million barrels last week. On the other hand, gold price was up 0.08% to $1,789.53 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

 <\/p>\n

Today\u2019s Highlight Economic Data<\/u><\/p>\n\n\n\n\n\n\n\n\n
Time<\/strong><\/td>\nNation & Data<\/strong><\/td>\nPrevious<\/strong><\/td>\nForecast<\/strong><\/td>\nActual<\/strong><\/td>\n<\/tr>\n
15:00<\/td>\nGBP – GDP (YoY) (Q3)<\/td>\n6.60%<\/td>\n6.60%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUS – GDP (QoQ) (Q3)<\/td>\n2.10%<\/td>\n2.10%<\/td>\n–<\/td>\n<\/tr>\n
23:00<\/td>\nUSD – CB Consumer Confidence (Dec)<\/td>\n109.5<\/td>\n110.2<\/td>\n–<\/td>\n<\/tr>\n
23:00<\/td>\nUSD – Existing Home Sales (Nov)<\/td>\n6.34M<\/td>\n6.50M<\/td>\n–<\/td>\n<\/tr>\n
23:30<\/td>\nCrudeOIL – Crude Oil Inventories<\/td>\n-4.584M<\/td>\n-2.082M<\/td>\n–<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0<\/u><\/strong><\/p>\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 lower following prior retracement from higher levels. MACD which illustrate downward momentum suggests the index to be traded lower after a breakout occur at 96.35.<\/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 higher following prior rebound from lower level. MACD which illustrate bullish signals suggests the pair to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 1.3290, 1.3355<\/p>\n

Support level: 1.3220, 1.3150<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded higher following prior rebound from lower level. MACD which illustrate bullish signal suggests the pair to be traded higher in short-term after closing above 1.1285.<\/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 lower following prior retracement from higher levels. MACD which illustrate bullish signal suggests the pair to be traded lower in short-term.<\/p>\n

 <\/p>\n

Resistance level: 114.35, 114.90<\/p>\n

Support level: 113.70, 113.15<\/p>\n

 <\/p>\n

\"\"<\/p>\n

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

 <\/p>\n

Resistance level: 0.7180, 0.7225<\/p>\n

Support level: 0.7140, 0.7085<\/p>\n

 <\/p>\n

\"\"<\/p>\n

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

 <\/p>\n

Resistance level: 0.6820, 0.6875<\/p>\n

Support level: 0.6735, 0.6670<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCAD, H4: <\/strong>USDCAD was traded lower following prior retracement from higher levels. MACD which illustrate negative divergence suggests the pair to be traded lower after closing below 1.2910.<\/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 lower following prior retracement from higher level. MACD which illustrate diminished bullish momentum suggests the pair to be traded lower in short-term.<\/p>\n

 <\/p>\n

Resistance level: 0.9255, 0.9280<\/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 bullish signal suggests its price to be traded higher after breaking the downward trendline.<\/p>\n

 <\/p>\n

Resistance level: 73.00, 75.65<\/p>\n

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

 <\/p>\n

\"\"<\/p>\n

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

 <\/p>\n

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

Support level: 1777.00, 1765.95<\/p>\n","protected":false},"excerpt":{"rendered":"

22 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   Pound sterling rebounds as Brexit fear eases. Pound sterling rebounds during late European trading session on yesterday after comments from UK officials eases market fear over Brexit complications. During an interview, Ireland Prime Minister Michael Martin commented that talks in between UK and EU are going smoothly. The […]<\/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\/217860"}],"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=217860"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/217860\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=217860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=217860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=217860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}