{"id":222412,"date":"2022-01-14T01:04:30","date_gmt":"2022-01-14T01:04:30","guid":{"rendered":"https:\/\/www.gcmasia.co\/analysis\/en\/?p=222412"},"modified":"2022-01-14T01:04:30","modified_gmt":"2022-01-14T01:04:30","slug":"140122-morning-session-analysis","status":"publish","type":"post","link":"https:\/\/www.gcmasia.co\/analysis\/en\/information\/day\/140122-morning-session-analysis\/","title":{"rendered":"140122 Morning Session Analysis"},"content":{"rendered":"

14 January 2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis<\/strong><\/p>\n

 <\/p>\n

Fed hawks saves the day.<\/strong><\/span><\/p>\n

Greenback successfully rebounds from its low levels after Fed officials gives a rather bullish take on interest rate hike. Last night, US dollar spiked down after 2 recent economic data shows some sign of easing in terms of economic momentum. Both Initial Jobless Claims and PPI came in lower than expected, sending market hopes for a faster monetary policy tightening lower. However, US dollar found some support after Fed official Charles Evans remarked that current US inflation is still \u201ctoo high\u201d. He commented that the current monetary policy setting is inadequate to stem its rise due to ongoing supply chain issue following the pandemic. Evans stated that while 3 interest rate hikes is suitable, Fed may need to increase it to 4 interest rate hikes if inflationary pressure persists. Following his comments, investors are currently hoping to garner more signals during Fed\u2019s monetary policy meeting next week in order to gauge likelihood of a faster pace of monetary policy tightening. During Asian trading session, the dollar index was up 0.02% to 94.80.<\/p>\n

 <\/p>\n

As for commodities, crude oil price slumped 0.35% to $81.71 due to profit taking. Likewise, gold price depreciated by 0.03% to $1,820.99 a troy ounce as US dollar rebounds from lower levels.<\/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\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 (MoM)<\/td>\n0.10%<\/td>\n–<\/td>\n–<\/td>\n<\/tr>\n
15:00<\/td>\nGBP – Manufacturing Production (MoM) (Nov)<\/td>\n0.00%<\/td>\n0.20%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD – Core Retail Sales (MoM) (Dec)<\/td>\n0.30%<\/td>\n0.20%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nUSD – Retail Sales (MoM) (Dec)<\/td>\n0.30%<\/td>\n-0.10%<\/td>\n–<\/td>\n<\/tr>\n
21:30<\/td>\nEUR – ECB President Lagarde Speaks<\/td>\n–<\/td>\n–<\/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 diminished bearish signal suggests the index to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 95.00, 95.45<\/p>\n

Support level: 94.60, 94.10<\/p>\n

 <\/p>\n

\"\"<\/p>\n

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

 <\/p>\n

Resistance level: 1.3745, 1.3810<\/p>\n

Support level: 1.3690, 1.3630<\/p>\n

 <\/p>\n

\"\"<\/p>\n

EURUSD, H4: <\/strong>EURUSD was traded lower following prior retrace 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: 1.1465, 1.1495<\/p>\n

Support level: 1.1440, 1.1380<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDJPY, Daily: <\/strong>USDJPY was traded lower following breakout from 114.55. MACD which illustrate bearish signal suggests the pair to be traded lower in short-term.<\/p>\n

 <\/p>\n

Resistance level: 114.55, 115.40<\/p>\n

Support level: 113.50, 112.75<\/p>\n

 <\/p>\n

\"\"<\/p>\n

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

 <\/p>\n

Resistance level: 0.7280, 0.7320<\/p>\n

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

 <\/p>\n

\"\"<\/p>\n

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

 <\/p>\n

Resistance level: 0.6870, 0.6910<\/p>\n

Support level: 0.6830, 0.6780<\/p>\n

 <\/p>\n

\"\"<\/p>\n

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

 <\/p>\n

Resistance level: 1.2545, 1.2620<\/p>\n

Support level: 1.2485, 1.2410<\/p>\n

 <\/p>\n

\"\"<\/p>\n

USDCHF, H1: <\/strong>USDCHF was traded higher following prior rebound from lower level. MACD which illustrate bullish divergence signal suggests the pair to be traded higher in short-term.<\/p>\n

 <\/p>\n

Resistance level: 0.9130, 0.9165<\/p>\n

Support level: 0.9100, 0.9080<\/p>\n

 <\/p>\n

\"\"<\/p>\n

CrudeOIL, H4: <\/strong>Crude oil 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: 82.65, 84.60<\/p>\n

Support level: 80.15, 77.35<\/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: 1830.20, 1850.00<\/p>\n

Support level: 1812.80, 1797.60<\/p>\n","protected":false},"excerpt":{"rendered":"

14 January 2022\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Morning Session Analysis   Fed hawks saves the day. Greenback successfully rebounds from its low levels after Fed officials gives a rather bullish take on interest rate hike. Last night, US dollar spiked down after 2 recent economic data shows some sign of easing in terms of economic momentum. Both Initial Jobless […]<\/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\/222412"}],"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=222412"}],"version-history":[{"count":0,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/posts\/222412\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/media?parent=222412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/categories?post=222412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gcmasia.co\/analysis\/en\/wp-json\/wp\/v2\/tags?post=222412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}