SlideShare a Scribd company logo
DAILY MARKET INSIGHT
8 December 2022
DAILY MARKET
INSIGHT
8 December 2022
DAILY MARKET INSIGHT
8 December 2022
Economic Calendar
Time Currency News Impact Expectation
03:50 AM JPY GDP Growth Rate QoQ Final
Q3
Medium -0.3%
04:30 AM AUD RBA Bulletin High -
04:30 AM AUD Balance of Trade OCT High A$11.9B
05:30 PM USD Initial Jobless Claims DEC/03 Medium 240K
07:00 PM USD Richmond Fed Services Index
NOV
Medium -3
DAILY MARKET INSIGHT
8 December 2022
AUD/USD TREND: NEUTRAL
AUD/USD struggles near 0.6700 in a limited price action. A downbeat Trade balance data and
mixed signals from the Reserve Bank of Australia’s (RBA) quarterly Bulletin pressured the
Aussie.
Indicators Daily chart Status
RSI 54 Bullish
STOCHASTIC 47 Bearish
MACD Above midline Bullish
200 EMA 0.6835 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6700 0.6730 0.6760 0.6670
DAILY MARKET INSIGHT
8 December 2022
NZD/USD TREND: BULLISH
NZD/USD consolidates gains below 0.6350 on Thursday. The price is trading in a range of
0.6300-0.6400 in the past few sessions. A rebound in the U.S dollar exerts pressure on the
Kiwi pair.
Indicators Daily chart Status
RSI 65 Bullish
STOCHASTIC 72 Bullish
MACD Above midline Bullish
200 EMA 0.6238 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.6340 0.6370 0.6400 0.6310
DAILY MARKET INSIGHT
8 December 2022
EUR/USD TREND: BULLISH
EUR/USD remains sideways near 1.0490 ahead of the ECB President Lagarde as any
hawkish tone could underpin the demand for the shared currency. The U.S dollar index
remains stable around 105.30.
Indicators Daily chart Status
RSI 63 Bullish
STOCHASTIC 73 Bullish
MACD Above midline Bullish
200 EMA 1.0391 Bullish
Outlook Bullish
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.0510 1.0480 1.0450 1.0540
DAILY MARKET INSIGHT
8 December 2022
GBP/USD TREND: NEUTRAL
GBP/USD trades cautiously near 1.2180 on Thursday. A slump in UK’s housing prices and
lower momentum keeps bears hopeful. A fall below the 200-day moving average could see
more downside in the short term.
Indicators Daily chart Status
RSI 61 Bullish
STOCHASTIC 70 Bullish
MACD Above midline Bullish
200 EMA 1.2106 Bearish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell 1.2200 1.2170 1.2140 1.2230
DAILY MARKET INSIGHT
8 December 2022
USD/JPY TREND: NEUTRAL
USD/JPY prints modest gains near 137.20 on Thursday. The pair picks up the momentum
following downbeat Japan’s GDP data. A rebound in the USD further underpins the demand
for the pair.
4Indicators Daily chart Status
RSI 39 Bearish
STOCHASTIC 41 Bearish
MACD Below midline Bearish
200 EMA 135.07 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 136.80 137.10 137.40 136.50
DAILY MARKET INSIGHT
8 December 2022
USD/CAD TREND: NEUTRAL
On the daily chart, the USD/CAD pair remains bided near 1.3700. The Bank of Canada (BoC)
raised its cash rate by 0.50%. But the tone of the Rate Statement looks dovish and challenged
the Canadian dollars buyers.
Indicators Daily chart Status
RSI 61 Bullish
STOCHASTIC 96 Bullish
MACD Below midline Bearish
200 EMA 1.3150 Bullish
Outlook NEUTRAL
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 1.3650 1.3680 1.3710 1.3620
DAILY MARKET INSIGHT
8 December 2022
USD/CHF TREND: BEARISH
On the daily chart, the USD/CHF pair founds buying opportunity near 0.9420 amid a modest
recovery in the U.S. dollar. With the recent upbeat U.S economic data the expectations of
further rate hikes from Fed is once again picks up the heat,
Indicators Daily chart Status
RSI 39 Bearish
STOCHASTIC 35 Bearish
MACD Below midline Bearish
200 EMA 0.9611 Bearish
Outlook BEARISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Buy 0.9410 0.9440 0.9470 0.9380
DAILY MARKET INSIGHT
8 December 2022
GOLD TREND: BULLISH
Gold price picks up the bids around $1,780 after falling to the low of $1,768 in the previous
session. A move below $1,770.00 with volumes would see short term losses. Still a pullback
in the US dollar could makes bulls hopeful.
Indicators Daily chart Status
RSI 60 Bullish
STOCHASTIC 66 Bullish
MACD Above midline Bullish
200 EMA $1,760 Bullish
Outlook BULLISH
Strategy
Action Entry Target 1 Target 2 Stop Loss
Sell $1,785 $1,775 $1,765 $1,795

More Related Content

Similar to Daily Market Insight-8 December.pdf

Daily Market Insight-1 December.pdf
Daily Market Insight-1 December.pdfDaily Market Insight-1 December.pdf
Daily Market Insight-1 December.pdf
BluechipInvestment
 
Daily Market Insight-15 November.pdf
Daily Market Insight-15 November.pdfDaily Market Insight-15 November.pdf
Daily Market Insight-15 November.pdf
BluechipInvestment
 
Daily Market Insight-09 December.pdf
Daily Market Insight-09 December.pdfDaily Market Insight-09 December.pdf
Daily Market Insight-09 December.pdf
BluechipInvestment
 
Daily Market Insight-20 December.pdf
Daily Market Insight-20 December.pdfDaily Market Insight-20 December.pdf
Daily Market Insight-20 December.pdf
BluechipInvestment
 
Daily Market Insight-30 November.pdf
Daily Market Insight-30 November.pdfDaily Market Insight-30 November.pdf
Daily Market Insight-30 November.pdf
BluechipInvestment
 
Daily Market Insight-9 November.pdf
Daily Market Insight-9 November.pdfDaily Market Insight-9 November.pdf
Daily Market Insight-9 November.pdf
BluechipInvestment
 
Daily Market Insight-15 December.pdf
Daily Market Insight-15 December.pdfDaily Market Insight-15 December.pdf
Daily Market Insight-15 December.pdf
BluechipInvestment
 
Daily Market Insight-14 November.pdf
Daily Market Insight-14 November.pdfDaily Market Insight-14 November.pdf
Daily Market Insight-14 November.pdf
BluechipInvestment
 
Daily Market Insight-5 December.pdf
Daily Market Insight-5 December.pdfDaily Market Insight-5 December.pdf
Daily Market Insight-5 December.pdf
BluechipInvestment
 
Daily Market Insight-12 December.pdf
Daily Market Insight-12 December.pdfDaily Market Insight-12 December.pdf
Daily Market Insight-12 December.pdf
BluechipInvestment
 
Daily Market Insight-21 December.pdf
Daily Market Insight-21 December.pdfDaily Market Insight-21 December.pdf
Daily Market Insight-21 December.pdf
BluechipInvestment
 
Daily Market Insight-11 November.pdf
Daily Market Insight-11 November.pdfDaily Market Insight-11 November.pdf
Daily Market Insight-11 November.pdf
BluechipInvestment
 
Daily Market Insight-24 November.pdf
Daily Market Insight-24 November.pdfDaily Market Insight-24 November.pdf
Daily Market Insight-24 November.pdf
BluechipInvestment
 
Daily Market Insight-16 December.pdf
Daily Market Insight-16 December.pdfDaily Market Insight-16 December.pdf
Daily Market Insight-16 December.pdf
BluechipInvestment
 
Daily Market Insight-19 December.pdf
Daily Market Insight-19 December.pdfDaily Market Insight-19 December.pdf
Daily Market Insight-19 December.pdf
BluechipInvestment
 
Daily Market Insight-23 November.pdf
Daily Market Insight-23 November.pdfDaily Market Insight-23 November.pdf
Daily Market Insight-23 November.pdf
BluechipInvestment
 
Daily Market Insight-27 july.pdf
Daily Market Insight-27 july.pdfDaily Market Insight-27 july.pdf
Daily Market Insight-27 july.pdf
BluechipInvestment
 
Daily Market Insight-17 November.pdf
Daily Market Insight-17 November.pdfDaily Market Insight-17 November.pdf
Daily Market Insight-17 November.pdf
BluechipInvestment
 
Daily Market Insight-14 December.pdf
Daily Market Insight-14 December.pdfDaily Market Insight-14 December.pdf
Daily Market Insight-14 December.pdf
BluechipInvestment
 
Daily Market Insight-29 May.pdf
Daily Market Insight-29 May.pdfDaily Market Insight-29 May.pdf
Daily Market Insight-29 May.pdf
BluechipInvestment
 

Similar to Daily Market Insight-8 December.pdf (20)

Daily Market Insight-1 December.pdf
Daily Market Insight-1 December.pdfDaily Market Insight-1 December.pdf
Daily Market Insight-1 December.pdf
 
Daily Market Insight-15 November.pdf
Daily Market Insight-15 November.pdfDaily Market Insight-15 November.pdf
Daily Market Insight-15 November.pdf
 
Daily Market Insight-09 December.pdf
Daily Market Insight-09 December.pdfDaily Market Insight-09 December.pdf
Daily Market Insight-09 December.pdf
 
Daily Market Insight-20 December.pdf
Daily Market Insight-20 December.pdfDaily Market Insight-20 December.pdf
Daily Market Insight-20 December.pdf
 
Daily Market Insight-30 November.pdf
Daily Market Insight-30 November.pdfDaily Market Insight-30 November.pdf
Daily Market Insight-30 November.pdf
 
Daily Market Insight-9 November.pdf
Daily Market Insight-9 November.pdfDaily Market Insight-9 November.pdf
Daily Market Insight-9 November.pdf
 
Daily Market Insight-15 December.pdf
Daily Market Insight-15 December.pdfDaily Market Insight-15 December.pdf
Daily Market Insight-15 December.pdf
 
Daily Market Insight-14 November.pdf
Daily Market Insight-14 November.pdfDaily Market Insight-14 November.pdf
Daily Market Insight-14 November.pdf
 
Daily Market Insight-5 December.pdf
Daily Market Insight-5 December.pdfDaily Market Insight-5 December.pdf
Daily Market Insight-5 December.pdf
 
Daily Market Insight-12 December.pdf
Daily Market Insight-12 December.pdfDaily Market Insight-12 December.pdf
Daily Market Insight-12 December.pdf
 
Daily Market Insight-21 December.pdf
Daily Market Insight-21 December.pdfDaily Market Insight-21 December.pdf
Daily Market Insight-21 December.pdf
 
Daily Market Insight-11 November.pdf
Daily Market Insight-11 November.pdfDaily Market Insight-11 November.pdf
Daily Market Insight-11 November.pdf
 
Daily Market Insight-24 November.pdf
Daily Market Insight-24 November.pdfDaily Market Insight-24 November.pdf
Daily Market Insight-24 November.pdf
 
Daily Market Insight-16 December.pdf
Daily Market Insight-16 December.pdfDaily Market Insight-16 December.pdf
Daily Market Insight-16 December.pdf
 
Daily Market Insight-19 December.pdf
Daily Market Insight-19 December.pdfDaily Market Insight-19 December.pdf
Daily Market Insight-19 December.pdf
 
Daily Market Insight-23 November.pdf
Daily Market Insight-23 November.pdfDaily Market Insight-23 November.pdf
Daily Market Insight-23 November.pdf
 
Daily Market Insight-27 july.pdf
Daily Market Insight-27 july.pdfDaily Market Insight-27 july.pdf
Daily Market Insight-27 july.pdf
 
Daily Market Insight-17 November.pdf
Daily Market Insight-17 November.pdfDaily Market Insight-17 November.pdf
Daily Market Insight-17 November.pdf
 
Daily Market Insight-14 December.pdf
Daily Market Insight-14 December.pdfDaily Market Insight-14 December.pdf
Daily Market Insight-14 December.pdf
 
Daily Market Insight-29 May.pdf
Daily Market Insight-29 May.pdfDaily Market Insight-29 May.pdf
Daily Market Insight-29 May.pdf
 

More from BluechipInvestment

Daily Market Insight-July 24.pdf
Daily Market Insight-July 24.pdfDaily Market Insight-July 24.pdf
Daily Market Insight-July 24.pdf
BluechipInvestment
 
Company Profile_Bluechip Group
Company Profile_Bluechip GroupCompany Profile_Bluechip Group
Company Profile_Bluechip Group
BluechipInvestment
 
Daily Market Insight-26 May.pdf
Daily Market Insight-26 May.pdfDaily Market Insight-26 May.pdf
Daily Market Insight-26 May.pdf
BluechipInvestment
 
Daily Market Insight-25 May.pdf
Daily Market Insight-25 May.pdfDaily Market Insight-25 May.pdf
Daily Market Insight-25 May.pdf
BluechipInvestment
 
Daily Market Insight-24 May.pdf
Daily Market Insight-24 May.pdfDaily Market Insight-24 May.pdf
Daily Market Insight-24 May.pdf
BluechipInvestment
 
Daily Market Insight-23 May.pdf
Daily Market Insight-23 May.pdfDaily Market Insight-23 May.pdf
Daily Market Insight-23 May.pdf
BluechipInvestment
 
Daily Market Insight-25 November.pdf
Daily Market Insight-25 November.pdfDaily Market Insight-25 November.pdf
Daily Market Insight-25 November.pdf
BluechipInvestment
 

More from BluechipInvestment (7)

Daily Market Insight-July 24.pdf
Daily Market Insight-July 24.pdfDaily Market Insight-July 24.pdf
Daily Market Insight-July 24.pdf
 
Company Profile_Bluechip Group
Company Profile_Bluechip GroupCompany Profile_Bluechip Group
Company Profile_Bluechip Group
 
Daily Market Insight-26 May.pdf
Daily Market Insight-26 May.pdfDaily Market Insight-26 May.pdf
Daily Market Insight-26 May.pdf
 
Daily Market Insight-25 May.pdf
Daily Market Insight-25 May.pdfDaily Market Insight-25 May.pdf
Daily Market Insight-25 May.pdf
 
Daily Market Insight-24 May.pdf
Daily Market Insight-24 May.pdfDaily Market Insight-24 May.pdf
Daily Market Insight-24 May.pdf
 
Daily Market Insight-23 May.pdf
Daily Market Insight-23 May.pdfDaily Market Insight-23 May.pdf
Daily Market Insight-23 May.pdf
 
Daily Market Insight-25 November.pdf
Daily Market Insight-25 November.pdfDaily Market Insight-25 November.pdf
Daily Market Insight-25 November.pdf
 

Recently uploaded

bai-tap-tieng-anh-lop-12-unit-4-the-mass-media (1).doc
bai-tap-tieng-anh-lop-12-unit-4-the-mass-media (1).docbai-tap-tieng-anh-lop-12-unit-4-the-mass-media (1).doc
bai-tap-tieng-anh-lop-12-unit-4-the-mass-media (1).doc
PhngThLmHnh
 
Nipissing University degree offer Nipissing diploma Transcript
Nipissing University degree offer Nipissing diploma TranscriptNipissing University degree offer Nipissing diploma Transcript
Nipissing University degree offer Nipissing diploma Transcript
zyqedad
 
ch8_multiplexing cs553 st07 slide share ss
ch8_multiplexing cs553 st07 slide share ssch8_multiplexing cs553 st07 slide share ss
ch8_multiplexing cs553 st07 slide share ss
MinThetLwin1
 
Mumbai Girls Call Mumbai 🛵🚡9910780858 💃 Choose Best And Top Girl Service And ...
Mumbai Girls Call Mumbai 🛵🚡9910780858 💃 Choose Best And Top Girl Service And ...Mumbai Girls Call Mumbai 🛵🚡9910780858 💃 Choose Best And Top Girl Service And ...
Mumbai Girls Call Mumbai 🛵🚡9910780858 💃 Choose Best And Top Girl Service And ...
norina2645
 
Universidad Camilo José Cela degree offer diploma Transcript
Universidad Camilo José Cela  degree offer diploma TranscriptUniversidad Camilo José Cela  degree offer diploma Transcript
Universidad Camilo José Cela degree offer diploma Transcript
taqyea
 
CHAPTER-1-Introduction-to-Marketing.pptx
CHAPTER-1-Introduction-to-Marketing.pptxCHAPTER-1-Introduction-to-Marketing.pptx
CHAPTER-1-Introduction-to-Marketing.pptx
girewiy968
 
Australian Catholic University degree offer diploma Transcript
Australian Catholic University  degree offer diploma TranscriptAustralian Catholic University  degree offer diploma Transcript
Australian Catholic University degree offer diploma Transcript
taqyea
 
Girls Call Vadodara 000XX00000 Provide Best And Top Girl Service And No1 in City
Girls Call Vadodara 000XX00000 Provide Best And Top Girl Service And No1 in CityGirls Call Vadodara 000XX00000 Provide Best And Top Girl Service And No1 in City
Girls Call Vadodara 000XX00000 Provide Best And Top Girl Service And No1 in City
gargnatasha985
 
Amul goes international: Desi dairy giant to launch fresh ...
Amul goes international: Desi dairy giant to launch fresh ...Amul goes international: Desi dairy giant to launch fresh ...
Amul goes international: Desi dairy giant to launch fresh ...
chetankumar9855
 
Oracle Database Desupported Features on 23ai (Part A)
Oracle Database Desupported Features on 23ai (Part A)Oracle Database Desupported Features on 23ai (Part A)
Oracle Database Desupported Features on 23ai (Part A)
Alireza Kamrani
 
Coimbatore Girls call Service 000XX00000 Provide Best And Top Girl Service An...
Coimbatore Girls call Service 000XX00000 Provide Best And Top Girl Service An...Coimbatore Girls call Service 000XX00000 Provide Best And Top Girl Service An...
Coimbatore Girls call Service 000XX00000 Provide Best And Top Girl Service An...
vrvipin164
 
ISBP 821 - UCP 600 - ed).pdf banking standards
ISBP 821 - UCP 600 - ed).pdf banking standardsISBP 821 - UCP 600 - ed).pdf banking standards
ISBP 821 - UCP 600 - ed).pdf banking standards
DevanshuAnada1
 
M44.pdf dairy management farm report of an
M44.pdf dairy management farm report of anM44.pdf dairy management farm report of an
M44.pdf dairy management farm report of an
ManjuBv2
 
Beautiful Girls Call 9711199171 9711199171 Provide Best And Top Girl Service ...
Beautiful Girls Call 9711199171 9711199171 Provide Best And Top Girl Service ...Beautiful Girls Call 9711199171 9711199171 Provide Best And Top Girl Service ...
Beautiful Girls Call 9711199171 9711199171 Provide Best And Top Girl Service ...
janvikumar4133
 
DU degree offer diploma Transcript
DU degree offer diploma TranscriptDU degree offer diploma Transcript
DU degree offer diploma Transcript
uapta
 
Potential Uses of the Floyd-Warshall Algorithm as appropriate
Potential Uses of the Floyd-Warshall Algorithm as appropriatePotential Uses of the Floyd-Warshall Algorithm as appropriate
Potential Uses of the Floyd-Warshall Algorithm as appropriate
huseindihon
 
Machine learning _new.pptx for a presentation
Machine learning _new.pptx for a presentationMachine learning _new.pptx for a presentation
Machine learning _new.pptx for a presentation
RahulS66654
 
NPS_Presentation_V3.pptx it is regarding National pension scheme
NPS_Presentation_V3.pptx it is regarding National pension schemeNPS_Presentation_V3.pptx it is regarding National pension scheme
NPS_Presentation_V3.pptx it is regarding National pension scheme
ASISHSABAT3
 
DataScienceConcept_Kanchana_Weerasinghe.pptx
DataScienceConcept_Kanchana_Weerasinghe.pptxDataScienceConcept_Kanchana_Weerasinghe.pptx
DataScienceConcept_Kanchana_Weerasinghe.pptx
Kanchana Weerasinghe
 
Seamlessly Pay Online, Pay In Stores or Send Money
Seamlessly Pay Online, Pay In Stores or Send MoneySeamlessly Pay Online, Pay In Stores or Send Money
Seamlessly Pay Online, Pay In Stores or Send Money
gargtinna79
 

Recently uploaded (20)

bai-tap-tieng-anh-lop-12-unit-4-the-mass-media (1).doc
bai-tap-tieng-anh-lop-12-unit-4-the-mass-media (1).docbai-tap-tieng-anh-lop-12-unit-4-the-mass-media (1).doc
bai-tap-tieng-anh-lop-12-unit-4-the-mass-media (1).doc
 
Nipissing University degree offer Nipissing diploma Transcript
Nipissing University degree offer Nipissing diploma TranscriptNipissing University degree offer Nipissing diploma Transcript
Nipissing University degree offer Nipissing diploma Transcript
 
ch8_multiplexing cs553 st07 slide share ss
ch8_multiplexing cs553 st07 slide share ssch8_multiplexing cs553 st07 slide share ss
ch8_multiplexing cs553 st07 slide share ss
 
Mumbai Girls Call Mumbai 🛵🚡9910780858 💃 Choose Best And Top Girl Service And ...
Mumbai Girls Call Mumbai 🛵🚡9910780858 💃 Choose Best And Top Girl Service And ...Mumbai Girls Call Mumbai 🛵🚡9910780858 💃 Choose Best And Top Girl Service And ...
Mumbai Girls Call Mumbai 🛵🚡9910780858 💃 Choose Best And Top Girl Service And ...
 
Universidad Camilo José Cela degree offer diploma Transcript
Universidad Camilo José Cela  degree offer diploma TranscriptUniversidad Camilo José Cela  degree offer diploma Transcript
Universidad Camilo José Cela degree offer diploma Transcript
 
CHAPTER-1-Introduction-to-Marketing.pptx
CHAPTER-1-Introduction-to-Marketing.pptxCHAPTER-1-Introduction-to-Marketing.pptx
CHAPTER-1-Introduction-to-Marketing.pptx
 
Australian Catholic University degree offer diploma Transcript
Australian Catholic University  degree offer diploma TranscriptAustralian Catholic University  degree offer diploma Transcript
Australian Catholic University degree offer diploma Transcript
 
Girls Call Vadodara 000XX00000 Provide Best And Top Girl Service And No1 in City
Girls Call Vadodara 000XX00000 Provide Best And Top Girl Service And No1 in CityGirls Call Vadodara 000XX00000 Provide Best And Top Girl Service And No1 in City
Girls Call Vadodara 000XX00000 Provide Best And Top Girl Service And No1 in City
 
Amul goes international: Desi dairy giant to launch fresh ...
Amul goes international: Desi dairy giant to launch fresh ...Amul goes international: Desi dairy giant to launch fresh ...
Amul goes international: Desi dairy giant to launch fresh ...
 
Oracle Database Desupported Features on 23ai (Part A)
Oracle Database Desupported Features on 23ai (Part A)Oracle Database Desupported Features on 23ai (Part A)
Oracle Database Desupported Features on 23ai (Part A)
 
Coimbatore Girls call Service 000XX00000 Provide Best And Top Girl Service An...
Coimbatore Girls call Service 000XX00000 Provide Best And Top Girl Service An...Coimbatore Girls call Service 000XX00000 Provide Best And Top Girl Service An...
Coimbatore Girls call Service 000XX00000 Provide Best And Top Girl Service An...
 
ISBP 821 - UCP 600 - ed).pdf banking standards
ISBP 821 - UCP 600 - ed).pdf banking standardsISBP 821 - UCP 600 - ed).pdf banking standards
ISBP 821 - UCP 600 - ed).pdf banking standards
 
M44.pdf dairy management farm report of an
M44.pdf dairy management farm report of anM44.pdf dairy management farm report of an
M44.pdf dairy management farm report of an
 
Beautiful Girls Call 9711199171 9711199171 Provide Best And Top Girl Service ...
Beautiful Girls Call 9711199171 9711199171 Provide Best And Top Girl Service ...Beautiful Girls Call 9711199171 9711199171 Provide Best And Top Girl Service ...
Beautiful Girls Call 9711199171 9711199171 Provide Best And Top Girl Service ...
 
DU degree offer diploma Transcript
DU degree offer diploma TranscriptDU degree offer diploma Transcript
DU degree offer diploma Transcript
 
Potential Uses of the Floyd-Warshall Algorithm as appropriate
Potential Uses of the Floyd-Warshall Algorithm as appropriatePotential Uses of the Floyd-Warshall Algorithm as appropriate
Potential Uses of the Floyd-Warshall Algorithm as appropriate
 
Machine learning _new.pptx for a presentation
Machine learning _new.pptx for a presentationMachine learning _new.pptx for a presentation
Machine learning _new.pptx for a presentation
 
NPS_Presentation_V3.pptx it is regarding National pension scheme
NPS_Presentation_V3.pptx it is regarding National pension schemeNPS_Presentation_V3.pptx it is regarding National pension scheme
NPS_Presentation_V3.pptx it is regarding National pension scheme
 
DataScienceConcept_Kanchana_Weerasinghe.pptx
DataScienceConcept_Kanchana_Weerasinghe.pptxDataScienceConcept_Kanchana_Weerasinghe.pptx
DataScienceConcept_Kanchana_Weerasinghe.pptx
 
Seamlessly Pay Online, Pay In Stores or Send Money
Seamlessly Pay Online, Pay In Stores or Send MoneySeamlessly Pay Online, Pay In Stores or Send Money
Seamlessly Pay Online, Pay In Stores or Send Money
 

Daily Market Insight-8 December.pdf

  • 1. DAILY MARKET INSIGHT 8 December 2022 DAILY MARKET INSIGHT 8 December 2022
  • 2. DAILY MARKET INSIGHT 8 December 2022 Economic Calendar Time Currency News Impact Expectation 03:50 AM JPY GDP Growth Rate QoQ Final Q3 Medium -0.3% 04:30 AM AUD RBA Bulletin High - 04:30 AM AUD Balance of Trade OCT High A$11.9B 05:30 PM USD Initial Jobless Claims DEC/03 Medium 240K 07:00 PM USD Richmond Fed Services Index NOV Medium -3
  • 3. DAILY MARKET INSIGHT 8 December 2022 AUD/USD TREND: NEUTRAL AUD/USD struggles near 0.6700 in a limited price action. A downbeat Trade balance data and mixed signals from the Reserve Bank of Australia’s (RBA) quarterly Bulletin pressured the Aussie. Indicators Daily chart Status RSI 54 Bullish STOCHASTIC 47 Bearish MACD Above midline Bullish 200 EMA 0.6835 Bearish Outlook NEUTRAL Strategy Action Entry Target 1 Target 2 Stop Loss Buy 0.6700 0.6730 0.6760 0.6670
  • 4. DAILY MARKET INSIGHT 8 December 2022 NZD/USD TREND: BULLISH NZD/USD consolidates gains below 0.6350 on Thursday. The price is trading in a range of 0.6300-0.6400 in the past few sessions. A rebound in the U.S dollar exerts pressure on the Kiwi pair. Indicators Daily chart Status RSI 65 Bullish STOCHASTIC 72 Bullish MACD Above midline Bullish 200 EMA 0.6238 Bullish Outlook Bullish Strategy Action Entry Target 1 Target 2 Stop Loss Buy 0.6340 0.6370 0.6400 0.6310
  • 5. DAILY MARKET INSIGHT 8 December 2022 EUR/USD TREND: BULLISH EUR/USD remains sideways near 1.0490 ahead of the ECB President Lagarde as any hawkish tone could underpin the demand for the shared currency. The U.S dollar index remains stable around 105.30. Indicators Daily chart Status RSI 63 Bullish STOCHASTIC 73 Bullish MACD Above midline Bullish 200 EMA 1.0391 Bullish Outlook Bullish Strategy Action Entry Target 1 Target 2 Stop Loss Sell 1.0510 1.0480 1.0450 1.0540
  • 6. DAILY MARKET INSIGHT 8 December 2022 GBP/USD TREND: NEUTRAL GBP/USD trades cautiously near 1.2180 on Thursday. A slump in UK’s housing prices and lower momentum keeps bears hopeful. A fall below the 200-day moving average could see more downside in the short term. Indicators Daily chart Status RSI 61 Bullish STOCHASTIC 70 Bullish MACD Above midline Bullish 200 EMA 1.2106 Bearish Outlook NEUTRAL Strategy Action Entry Target 1 Target 2 Stop Loss Sell 1.2200 1.2170 1.2140 1.2230
  • 7. DAILY MARKET INSIGHT 8 December 2022 USD/JPY TREND: NEUTRAL USD/JPY prints modest gains near 137.20 on Thursday. The pair picks up the momentum following downbeat Japan’s GDP data. A rebound in the USD further underpins the demand for the pair. 4Indicators Daily chart Status RSI 39 Bearish STOCHASTIC 41 Bearish MACD Below midline Bearish 200 EMA 135.07 Bullish Outlook NEUTRAL Strategy Action Entry Target 1 Target 2 Stop Loss Buy 136.80 137.10 137.40 136.50
  • 8. DAILY MARKET INSIGHT 8 December 2022 USD/CAD TREND: NEUTRAL On the daily chart, the USD/CAD pair remains bided near 1.3700. The Bank of Canada (BoC) raised its cash rate by 0.50%. But the tone of the Rate Statement looks dovish and challenged the Canadian dollars buyers. Indicators Daily chart Status RSI 61 Bullish STOCHASTIC 96 Bullish MACD Below midline Bearish 200 EMA 1.3150 Bullish Outlook NEUTRAL Strategy Action Entry Target 1 Target 2 Stop Loss Buy 1.3650 1.3680 1.3710 1.3620
  • 9. DAILY MARKET INSIGHT 8 December 2022 USD/CHF TREND: BEARISH On the daily chart, the USD/CHF pair founds buying opportunity near 0.9420 amid a modest recovery in the U.S. dollar. With the recent upbeat U.S economic data the expectations of further rate hikes from Fed is once again picks up the heat, Indicators Daily chart Status RSI 39 Bearish STOCHASTIC 35 Bearish MACD Below midline Bearish 200 EMA 0.9611 Bearish Outlook BEARISH Strategy Action Entry Target 1 Target 2 Stop Loss Buy 0.9410 0.9440 0.9470 0.9380
  • 10. DAILY MARKET INSIGHT 8 December 2022 GOLD TREND: BULLISH Gold price picks up the bids around $1,780 after falling to the low of $1,768 in the previous session. A move below $1,770.00 with volumes would see short term losses. Still a pullback in the US dollar could makes bulls hopeful. Indicators Daily chart Status RSI 60 Bullish STOCHASTIC 66 Bullish MACD Above midline Bullish 200 EMA $1,760 Bullish Outlook BULLISH Strategy Action Entry Target 1 Target 2 Stop Loss Sell $1,785 $1,775 $1,765 $1,795