MHMarkets：US GDP growth for the third quarter came in at 4.9%, which was lower than market expectations.

MH Markets | 2023-12-22 16:12

Zusammenfassung：At the end of the Asian market on Friday (December 22), the final data released by the US Department of Commerce yesterday evening showed that the US GDP growth in the third quarter was 4.9%, while market expectations and previous revisions were both 5.2%.

At the end of the Asian market on Friday (December 22), the final data released by the US Department of Commerce yesterday evening showed that the US GDP growth in the third quarter was 4.9%, while market expectations and previous revisions were both 5.2%. During the same period, the annualized growth rate of personal consumption expenditure in the US was 3.1%, while market expectations and previously released revised data were both 3.6%. After the US dollar index was suppressed above yesterday, market prices fell and broke through the previously formed support level, ultimately closing near the intraday low. At the opening of the Asian market today, the US dollar index saw a slight correction and consolidation, with a current price around 101.87. Yesterday, gold was affected by US fundamental data, and its price surged in the evening, breaking through the previous high and finally closing near the intraday high. At the opening of the Asian market today, gold accelerated its rise and then retreated, with the current price around 2048.73. Affected by the tense situation in the Red Sea, crude oil rose yesterday after receiving support from below, closing near the intraday high and showing a V-shaped overall trend yesterday. At the opening of the Asian market today, US crude oil continued to rise, with a current price around 74.40. Yesterday evening, Luis de Guindos, Vice President of the ECB, stated that the Eurozone inflation rate must approach 2% in order for the ECB to cut interest rates. It is still too early for monetary policy to begin to relax once we see inflation rates clearly and steadily approaching the target of 2%. After receiving support below yesterday, EURUSD saw a significant increase in market prices and broke through multiple resistance levels in a row, ultimately closing near the intraday high.At the opening of the Asian market today, EURUSD saw a correction and consolidation, with a current price around 1.0998. This morning, the Japanese Ministry of General Affairs announced that the national consumer price index for November was 106.4, an increase of 2.5% from the same period last year. The increase is less than 2.9% in October, and is the first time in two months that the increase has narrowed. At the opening of the Asian market today, USDJPY rose and the current price is around 142.35.

MHMarkets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on December 22, Beijing time.

Gold XAUUSD·
Resistance	2054.89 – 2076.42 – 2090.39
Support	2037.46 – 2031.75 – 2021.50
The above figure shows the 30 minute chart of gold. The chart shows that the recent upward resistance of gold has been around 2054.89-2076.42-2090.39, and the downward support has been around 2037.46-2031.75-2021.50. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on December 22. This policy is a daytime policy. Please pay attention to the policy release time.

Crude Oil USOUSD·
Resistance	74.63 – 75.38 – 76.76
Support	72.14 – 70.97 – 70.61
The above chart shows the 30 minute chart of US crude oil. The chart shows that the recent upward resistance of US crude oil is around 74.63-75.38-76.76, and the downward support is around 72.14-70.97-70.61. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on December 22. This policy is a daytime policy. Please pay attention to the policy release time.

EURUSD·
Resistance	1.1009 - 1.1019 - 1.1044
Support	1.0978 - 1.0935- 1.0914
The above figure shows the 30 minute chart of EURUSD. The chart shows that the recent upward resistance of EURUSD is around 1.1009-1.1019-1.1044, and the downward support is around 1.0978-1.0935-1.0914. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on December 22. This policy is a daytime policy. Please pay attention to the policy release time.

GBPUSD·
Resistance	1.2696 – 1.2732 – 1.2762
Support	1.2643 - 1.2611 – 1.2502
The above figure shows the 30 minute chart of GBPUSD. The chart shows that the recent upward resistance of GBPUSD is around 1.2696-1.2732-1.2762, and the downward support is around 1.2643-1.2611-1.2502. The market will be judged by whether to break through the upper and lower support and resistance. Note: The above strategy was updated at 15:00 on December 22. This policy is a daytime policy. Please pay attention to the policy release time.