1. Forex Market Insight     

EUR/USD  

Eurozone inflation will fall more slowly than in the U.S. In 2023, inflation will remain well above the targets set by Europe and the Federal Reserve. While headline inflation in the U.S. appears to have peaked, inflation in Germany and the euro area may not peak until February or March 2023.  

Looking ahead to 2023, the market expects inflation to be 7.0% in Germany, 6.0% in the Eurozone, and 4.1% in the U.S. High inflation is expected to continue beyond 2023. It is unlikely that inflation will return to the relatively low levels seen prior to the epidemic in the foreseeable future.  

Technical Analysis：  

(EUR/USD 1-hour Chart)

We focus on the 1.0642 line today. If the EUR runs below the 1.0642 line, then pay attention to the support strength of the two positions of 1.0586 and 1.0529. If the strength of EUR rises over the 1.0642 line, then pay attention to the suppression strength of the two positions of 1.0697 and 1.0734.  

GBP Intraday Trend Analysis  

Fundamental Analysis：   

The pound has rebounded from the sharp sell-off triggered by former Prime Minister Truss’ unfunded tax cut proposals in September 2022.

If the pound is to sustain its appreciation, the U.K. needs to come up with a sustainable long-term growth strategy. the outlook for 2023 is bleak, with a possible recession, the worst external trade deficit of any developed country, and trade with the EU hampered by Brexit.

The Bank of England also faces the difficult task of reducing high inflation without exacerbating the UK recession and falling house prices.

Technical Analysis： 

(GBP/USD 1-hour Chart)

GBP is mainly focused on the 1.2147-line today. If GBP runs below the 1.2147-line, it will pay attention to the suppression strength of the two positions of 1.194 and 1.1762. If GBP runs above the 1.2147-line, then pay attention to the suppression strength of the two positions of 1.2311 and 1.2478. 

2. Precious Metals Market Insight 

Gold

Fundamental Analysis:   

Gold prices climbed on Thursday,29^th December 2022 helped by a falling dollar after U.S. initial jobless claims data showed the labor market cooling, easing fears of more aggressive interest rate hikes by the Federal Reserve next year. 

Technical Analysis：   

(Gold 1-hour Chart) 

Gold pays attention to the 1808-line today. If the gold price runs below the 1808-line, then it will pay attention to the support strength of the 1793 and 1783 positions. If the gold price breaks above the 1808-line, then pay attention to the suppression strength of the two positions of 1816 and 1832.  

3. Commodities Market Insight   

WTI Crude Oil   

Fundamental Analysis:   

Oil prices fell for a second straight session Thursday, 29^th December 2022 weighed down by an uncertain demand outlook, with the EIA saying Wednesday, 28^th December 2022 that U.S. crude inventories unexpectedly rose last week as imports climbed and exports fell.

Early in the session, both indicator contracts plunged more than 2% but narrowed losses as the dollar slid and markets fretted about interest rate hikes. 

Technical Analysis：

(Crude Oil 1-hour Chart) 

Oil prices focus on the 79.07- line today. If the oil price runs above the 79.07 -line, then focus on the suppression strength of the two positions of 81.31 and 82.28. If the oil price runs below the 79.07 -line, then pay attention to the support strength of the two positions of 77.76 and 76.07.  



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