The document provides a daily analysis report from TP Global FX. It includes key headlines from global news sources on economic indicators, central bank decisions and COVID developments. Technical analysis is given for major currency pairs like AUD/USD, EUR/USD, GBP/USD, USD/CAD, USD/JPY and XAU/USD. Chart patterns and support/resistance levels are identified on the 1-hour timeframe. Upcoming economic data releases from France, Canada and the US are also listed.

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08 December 2021
Daily Analysis Report

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analysis@tpglobalfx.com
Asian Bulle n: U.S. dollar weakens no ceably in early Asian hours on news that Omicron may be less severe than other COVID-19 variants, Asian stock markets in green,
gold hovers around $1,790 mark
Key Headlines:
• Japan Bank lending stands at 0.6 pct vs 0.9 pct previous release.
• Japan Current Account stands at 1.03T vs 0.76T previous release.’
• Japan Final GDP stands at -0.9 pct vs -0.8 pct previous release.
• Japan Final GDP Price Index stands at -1.2 pct vs -1.1 pct previous release.
• Wall Street's main indexes finished Tuesday's session with strong gains as investors shook off some anxiety about the latest virus variant and investors piled
into technology stocks that boosted Nasdaq – Reuters.
• Top execu ves from six cryptocurrency firms will on Wednesday tell Congress to tread lightly in imposing new rules on digital assets - or risk sending ac vity
underground or outside the United States – Reuters.
• The U.S. Federal Avia on Administra on (FAA) on Tuesday warned that interference from planned use of 5G wireless spectrum posed an air safety risk and
could result in flight diversions – Reuters.
• The Omicron variant of the coronavirus can par ally evade the protec on from Pfizer Inc and partner BioNTech's COVID-19 vaccine, ci ng the research head
of a laboratory at Africa Health Research Ins tute in South Africa – Reuters.
• The Bri sh region of Northern Irealnd on Tuesday reported its first three cases of the Omicron variant of COVID-19, with all related to travel from other parts
of the United Kingdom – Reuters.
• Cases of COVID-19 are on the rise across Canada's most populous province of Ontario due to the Delta variant, while Omicron "will hit us hard and fast" next
year, an expert panel said on Tuesday – Reuters.
• The Norwegian government introduced stricter rules on Tuesday to limit the spread of COVID-19, including a cap on the number of visitors in private homes
and shortening the hours bars and restaurants can serve alcohol – Reuters.
• U.S. infla on and economic growth are likely to come in at around 4% next year, sugges ng infla on will remain higher than an cipated, Wells Fargo's Wealth
& Investment Management CIO said on Monday – Reuters.
• St. Louis Federal Reserve Bank James Bullard on Friday called for the Fed to begin ghtening monetary policy, ci ng unexpectedly high infla on, strong
economic growth and a labor market that is very ght and poised to strengthen further – Reuters.
• Vietnam and Taiwan again exceeded the U.S. Treasury's thresholds for possible currency manipula on and enhanced analysis under a 2015 trade law, but the
department on Friday refrained from formally branding them as manipulators – Reuters.
• President Biden's pick to head one of the country's most powerful banking regulators is dropping out of considera on for the post, according to a statement
from Biden that accepted the withdrawal. Biden said he will "con nue to work to find a nominee for this posi on, and plan to make an announcement at a
future date" – Sources.
Economic Data Ahead:
• (0630 GMT/1200 IST) France Final Private Payrolls, previous 0.5, expected 0.5.
• (1500 GMT/2030 IST) Canada BoC Interest Rate Decision, previous 0.25, expected 0.25.
• (1500 GMT/2030 IST) U.S. JOLTS Job Openings, previous 10.44M, expected 10.45M.
Economic Events Ahead:
• (0815 GMT/1345 IST) ECB President Lagarde Speaks.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.16% to 96.22 points.

3. AUD / USD
BUY SELL
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DECEMBER,
2021
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
0.7155
R2 S2
0.7172
R3 S3
0.7199
R4
Commentary
S4
0.7222
Buy Above 0.7150
0.7172
0.7121
– Take Profit
– Stop Loss
Trade Idea
Sell Below 0.7101
0.7070
0.7125
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
AUD/USD: The Aussie appreciates sharply in early Asian hours and hovers around key resistance at
$0.7140 mark.Today pair made intraday high at $0.7114 and low at $0.7140 mark.Aday chart is down
and H1 chart with triple EMA suggests up trend for the time being. A sustained close above $0.7155
on H1 chart requires for the upside rally. Alternatively, a consistent close below $0.7098 will check
further supports.
0.7098
0.7070
0.7048
0.7012

4. BUY SELL
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Technical Summary H 1
FIBO Levels PIVOT
R1 S1
1.1299
R2 S2
1.1312
R3 S3
1.1347
R4
Commentary
S4
1.1376
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-
Time Frame: H1
EUR/USD: The Euro recovers slightly from previous losses and hovers around $1.1292 mark ahead
of ECCB President Lagarde’s speech. The pair made intraday high at $1.1293 and low at $1.1262
mark. Today triple EMA on a day chart and H1 chart suggest bearish trend for the time being. A
consistent close above $1.1299 on H1 chart requires for the upside rally. Alternatively, a sustained
close below $1.1267 on H1 chart will check further supports.
EUR / USD
1.1272
1.1248
1.1221
1.1198
Buy Above 1.1299
1.1326
1.1270
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.1262
1.1238
1.1286
– Take Profit
– Stop Loss
Trade Idea
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
DECEMBER,
2021

5. BUY SELL
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Technical Summary
H 1
FIBO Levels PIVOT
R1 S1
1.3278
R2 S2
1.3299
R3 S3
1.3326
R4
Commentary
S4
1.3351
Buy Above 1.3270
1.3299
1.3248
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.3228
1.3202
1.3251
– Take Profit
– Stop Loss
Trade Idea
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-
Time Frame: H1
GBP/USD: The sterling exhibits range bound movement and consolidates around $1.3250 mark.
Today pair made intraday high at $1.3259 and low at $1.3231 mark. A day chart and H1 chart with
triple EMAsuggest bearish trend for the time being.Asustained close above $1.3278 on H1 chart will
check key resistances.Alternatively, a consistent close below $1.3240 will check further supports.
USD
1.3209
1.3184
1.3140
1.3112
GBP/
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,
2021

6. BUY SELL
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Technical Summary
Trends Down Trend
Moving Average (Period=75) Below MA
H 1
RSI (Period=26) Below RSI LEVEL 50
FIBO Levels PIVOT
R1 S1
1.2660
R2 S2
1.2692
R3 S3
1.2715
R4
Commentary
S4
1.2740
Buy Above 1.2660
1.2699
1.2637
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1.2628
1.2602
1.2650
– Take Profit
– Stop Loss
Trade Idea
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analysis@tpglobalfx.com
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Time Frame: H1
USD/CAD: The CAD appreciates sharply ahead of Bank of Canada’s Cash Rate Decision and hits
fresh 2 – week high at 1.2632 mark. The pair made intraday high at 1.2647 and low at 1.2632 mark.
Today a day chart is up and H1 chart with triple EMA suggests bearish trend for the time being. A
sustained close above 1.2660 on H1 chart requires for the upside rally. Alternatively, a consistent
close below 1.2626 on H1 chart will check key supports too.
USD /CAD
1.2626
1.2600
1.2582
1.2555
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
113.78
R2 S2
113.99
R3 S3
114.26
R4
Commentary
S4
114.58
Buy Above 113.65
113.91
113.33
– Take Profit
– Stop Loss
Trade Idea
Sell Below 113.30
113.04
113.57
– Take Profit
– Stop Loss
Trade Idea
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Time Frame: H1
USD/JPY:The Japanese yen rises in earlyAsia despite lower than expected key economic indicators.
The pair made intraday high at 113.59 and low at 113.35 mark. The triple EMA on a day chart and H1
chart suggest up trend for the time being.Asustained close above 113.65 on H1 chart requires for the
upside rally.Alternatively, a consistent close below 113.30 on H1 chart will check further key supports.
USD /JPY
113.30
112.90
112.62
112.37
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
1792
R2 S2
1789
R3 S3
1804
R4
Commentary
S4
1809
Buy Above 1791
1798
1786
– Take Profit
– Stop Loss
Trade Idea
Sell Below 1782
1777
1789
– Take Profit
– Stop Loss
Trade Idea
+1 7754 366 970
analysis@tpglobalfx.com
-
Time Frame: H1
XAU/USD (GOLD): The Gold remains volatile in early Asian hours and touches $1,790 mark. Today
pair made intraday high at $1,790 and low at $1,783 mark.Aday chart is down and H1 chart with triple
EMA suggest down trend for the time being. A sustained close above $1,790 on H1 chart requires for
the upside rally.Alternatively, a consistent close below $1,784 will check further supports. U.S. JOLTS
Job Opening Data is in focus.
XAU [GOLD]
USD
/
1782
1776
1772
1764
DECEMBER,
2021

9. Thank
you!
Info@tpglobalfx.com
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