This daily analysis report from TPGlobalFX provides summaries of economic data and events from Asia and previews upcoming economic indicators from Europe and North America. Key points covered include: - The US dollar fell against major currencies ahead of the FOMC meeting while Asian stock markets rose and gold prices increased. - Economic data from countries like New Zealand, Australia, Japan, South Korea showed mixed results. - Upcoming economic data includes manufacturing and services PMIs from France, Germany, the UK, and the US as well as trade and inflation figures. - Major currency pairs like AUD/USD, NZD/USD and EUR/USD are trending up while USD/JPY is trending down. Gold prices

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16 December, 2020
Daily Analysis Report

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Asian Bulle n: U.S. dollar falls no ceably against major peers ahead of U.S. FOMC interest rate decision, Asian stock markets in green, gold up
Asian Headlines:
• New Zealand current account stands at -3.52B vs 1.91B previous release (expected -3.65B).
• Australia flash manufacturing PMI stands at 56.0 vs 55.8 previous release.
• Australia flash services PMI stands at 57.4 vs 55.1 previous release.
• Japan trade balance stands at 0.57T vs 0.36T previous release (expected 0.54T).
• Japan flash manufacturing PMI stands at 49.7 vs 49.0 previous release (expected 48.9).
• South Korea export price index stands at -4.9 vs -6.2 previous release.
• South Korea import price index stands at -10.6 vs -11.2 previous release.
• South Korea unemployment rate stands at 4.1 vs 4.2 previous release.
Economic Data Ahead:
• (0700 GMT/1230 IST) U.K. CPI, previous 0.7, expected 0.6.
• (0700 GMT/1230 IST) U.K. Core CPI, previous 1.5, expected 1.4.
• (0815 GMT/1345 IST) France flash services PMI, previous 38.8, expected 39.9.
• (0815 GMT/1345 IST) France flash manufacturing PMI, previous 49.6, expected 50.0.
• (0830 GMT/1400 IST) German flash services PMI, previous 46.0, expected 44.1.
• (0830 GMT/1400 IST) German flash manufacturing PMI, previous 57.8, expected 56.4.
• (0900 GMT/1430 IST) Euro flash services PMI, previous 41.7, expected 41.9.
• (0900 GMT/1430 IST) Euro flash manufacturing PMI, previous 53.8, expected 53.0.
• (0930 GMT/1500 IST) U.K. flash services PMI, previous 47.6, expected 50.5.
• (0930 GMT/1500 IST) U.K. flash manufacturing PMI, previous 55.6, expected 55.9.
• (1000 GMT/1530 IST) Euro trade balance, previous 24.0B, expected 22.1B.
• (1330 GMT/1900 IST) Canada CPI, previous 0.4, expected 0.0.
• (1330 GMT/1900 IST) Canada Core CPI, previous 0.4.
• (1330 GMT/1900 IST) U.S. Retail Sales, previous 0.3, expected -0.3.
• (1330 GMT/1900 IST) U.S. Core Retail Sales, previous 0.2, expected 0.1.
• (1445 GMT/2015 IST) U.S. flash services PMI, previous 58.4, expected 55.7.
• (1445 GMT/2015 IST) U.S. flash manufacturing PMI, previous 56.7, expected 55.9.
Economic Events Ahead:
• All Day - Euro group Mee ngs.
Major FX Pair Trend:
USD: The U.S. dollar index that tracks the greenback against a basket of other currencies inched down 0.03% to 90.45 points.
USD/JPY: The Japanese yen strengthens in early Asia on robust trade balance, manufacturing PMI data. A sustained close above 103.65 will take the parity higher towards
key resistance around 104.22, 104.50, 104.70, 104.90, 105.22, 105.64, 105.92, 106.22 and 106.76 mark respec vely. On the other side, a consistent close below 103.65
will drag the parity down towards 103.50, 103.17, 102.80 and 102.45 marks respec vely.
AUD/USD: The Aussie recovers previous loss ahead of Australia’s job data due tomorrow and jumps back above $0.7550 mark. The pair made intraday high at $0.7559
and low at $0.7545 marks. On the top side key resistances are seen at $0.7571, $0.7590, $0.7622 and $0.7650 mark respec vely. On the other hand, a consistent close
below $0.7530 will take the parity down towards key supports around $0.7450, $0.7398, $0.7350, $0.7297, $0.7270, $0.7220 and $0.7190 mark respec vely.
NZD/USD: The Kiwi rises no ceably ahead of quarterly GDP data due tomorrow. The pair made intraday high at $0.7109 and low at $0.7082 mark. Key resistances are
seen at $0.7132, $0.7157 and $0.7190 mark respec vely. Alterna vely, a consistent close below $0.7040 will drag the parity down towards key supports around $0.7002,
$0.6960, $0.6922, $0.6850, $0.6783 and $0.6750 mark respec vely.
USD/INR: The Indian rupee trades in s ff boundaries and hovers around 73.50 mark. The pair made intraday high at 73.50 and low at 73.39 marks. A sustained close
below 73.42 marks will drag the parity down towards 73.20, 72.87, 72.65, 72.40 and 72.12 mark respec vely. On the top side key resistances are seen at 74.02, 74.40,
74.65, 75.02, 75.27, 75.39 and 75.62 marks respec vely.
EUR/USD: The euro appreciates gradually and trading around $1.2160 mark. The pair made intraday high at $1.2163 and low at $1.2145 mark. A sustained close above
$1.2150 tests key resistances at $1.2176, $1.2240 and $1.2285 mark respec vely. On the other side, a sustained close below $1.21 will target key supports around
$1.2050, $1.1970, $1.1900, $1.1850, $1.1802, $1.1770, $1.1740, $1.1672, $1.1640, $1.1590, $1.1540 and $1.1526 marks respec vely.
GBP/USD: The sterling strengthens sharply and remains well supported above $1.3450 mark. Today pair made intraday high at $1.3463 and low at $1.3434 mark. A
sustained close above $1.3451 will drag the parity up towards $1.3478, $1.3498, $1.3525, $1.3548 and $1.3582 mark respec vely. Key support levels are seen at
$1.3375, $1.3322, $1.3290, $1.3263, $1.3222 and $1.3170 marks respec vely.
Commodity Trend:
XAU/USD (GOLD): Gold rises sharply and touches $1,858 mark in Asian hours. Today pair made intraday high at $1,858 and low at $1,851 mark. A sustained close above
$1,853 requires for the upside rally. On the other side, consistent close below $1,827 will check key supports as well. Key support levels are seen around $1,810, $1,802,
$1,787, $1,776, $1,764, $1,758, $1,747, $1,740 and $1,720 mark respec vely. Key resistances are seen at $1,862, $1,876, $1,882, $1,888, $1,894 and $1,902 marks
respec vely.
XAG/USD (Silver): Silver spikes up and touches $24.71 mark on Wednesday. Today pair made intraday high at $24.71 and low at $24.44 mark. A sustained close above
$24.55 requires for upside rally. Key support levels are seen at $23.82, $23.55, $23.35, $22.50 and $21.90 marks respec vely. Key resistances are seen at $24.78, $25.02,
$25.37, $25.50 and $25.62 marks respec vely.

3. AUD / USD
REPORTFROM:TPGLOBALFXDECEMBER,2020
Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 0.75693 S1 0.75203
Buy Above 0.75767
0.75950
0.75223
0.75223
0.75020
0.75767
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 0.75845 S2 0.75051
R3 0.76090 S3 0.74806
R4 0.76487 S4 0.74409
Conclusion
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0.75448

4. EUR / USD
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Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 1.21651 S1 1.21287
Buy Above 1.21804
1.21965
1.21207
1.21207
1.21020
1.21804
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.21764 S2 1.21174
R3 1.21946 S3 1.20992
R4 1.22241 S4 1.20697
Conclusion
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1.21469
DECEMBER,2020

5. GBP / USD
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Time Frame: H1
INDICATORS
Trends Up Trend
Moving Average (Period=75) Above MA
H 1
RSI (Period=26) Above RSI LEVEL 50
FIBO Levels PIVOT
R1 1.34759 S1 1.33309
Buy Above 1.34873
1.35263
1.33536
1.33536
1.33003
1.34873
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.35206 S2 1.32862
R3 1.35931 S3 1.32137
R4 1.37103 S4 1.30965
Conclusion
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1.34034
DECEMBER,2020

6. USD /CAD
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1.27506 S1 1.26868
Buy Above 1.27563
1.27732
1.26837
1.26837
1.26624
1.27563
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1.27702 S2 1.26672
R3 1.28021 S3 1.26353
R4 1.28536 S4 1.25838
Conclusion
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1.27187
Trend Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,2020

7. USD /JPY
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Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 104.005 S1 103.589
Buy Above 103.801
103.960
103.385
103.385
103.237
103.801
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 104.134 S2 103.460
R3 104.342 S3 103.252
R4 104.679 S4 102.915
Conclusion
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103.797
Trends Down Trend
Moving Average (Period=75) Below MA
RSI (Period=26) Below RSI LEVEL 50
DECEMBER,2020

8. XAU / [GOLD]USD
REPORTFROM:TPGLOBALFX
Time Frame: H1
INDICATORS H 1
FIBO Levels PIVOT
R1 1856.04 S1 1833.20
Buy Above 1861.82
1866.19
1840.15
1840.15
1835.61
1861.82
– Take Profit
– Stop Loss
Sell Below
– Take Profit
– Stop Loss
R2 1863.09 S2 1826.15
R3 1874.51 S3 1814.73
R4 S4 1796.26
Conclusion
+1 7754 366 970
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1844.62
Trends Up Trend
Moving Average (Period=75) Above MA
RSI (Period=26) Above RSI LEVEL 50
1892.98
DECEMBER,2020

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