{"id":9288,"date":"2022-12-20T08:06:33","date_gmt":"2022-12-20T08:06:33","guid":{"rendered":"https:\/\/www.sevenstarfx.com\/blog\/?p=9288"},"modified":"2022-12-20T08:23:06","modified_gmt":"2022-12-20T08:23:06","slug":"daily-market-outlook-20-december-2022","status":"publish","type":"post","link":"https:\/\/www.sevenstarfx.com\/blog\/daily-market-outlook-20-december-2022\/","title":{"rendered":"Daily Market Outlook, 20 December, 2022"},"content":{"rendered":"<h3><span style=\"color: #cf2e2e\"><strong>Market Wrap: Stocks, Bonds, Commodities<\/strong><\/span><\/h3>\n<p>Wall Street closed lower on Monday for a\u00a0fourth straight session\u00a0with Nasdaq leading declines as investors shied away from riskier bets, worried the Federal Reserve&#8217;s tightening campaign could push the US economy into a recession.<\/p>\n<p>The Dow Jones Industrial Average fell 162.92 points to 32,757.54, the S&amp;P 500 lose 0.90% to 3,817.66 and the Nasdaq Composite subtract<span data-dobid=\"hdw\"> 159.38 <\/span>points to 10,546.03.<\/p>\n<p>MSCI\u2019s index of Asia-Pacific stocks outside Japan is decline 1.33% to 613.52 levels. The Australian index was lower by 1.54% to 7,024.30. Japanese Nikkei Index lose 2.46% today.<\/p>\n<p>European stocks were positive on Tuesday, with the Stoxx Europe 50 Index rose 0.19% to 3,811.24, Germany&#8217;s DAX gain 0.36% to 13,942.87, and France&#8217;s CAC advance 0.32% to 6,473.29, and U.K.&#8217;s FTSE 100 add 0.40% to 7,361.31.<\/p>\n<p>Benchmark 10-year U.S. Treasury fell as demand for safe assets ascend again, today 10-year bond yields are positive 1.90% to 3.651.<\/p>\n<p>Oil prices rose on Monday, as optimism around China relaxing its COVID-19 restrictions outweighed fears of a global recession that would weigh on energy demand.<\/p>\n<p>Spot Brent crude oil fell 0.10% to $79.72 per barrel. US West Texas Intermediate crude is up 0.12% to $75.29 a barrel.<\/p>\n<p>The yellow metal gold is advance 0.34% to 1,803.85 dollars per ounce.<\/p>\n<h3><span style=\"color: #cf2e2e\"><strong>Market Wrap: Forex\u00a0<\/strong><\/span><\/h3>\n<p>European stock markets are expected to open lower Tuesday as investors assess the interest rate outlook for 2023 in the wake of the Bank of Japan moving to end its super-easy monetary policy, the last in the developed world.<\/p>\n<p>Today, the U.S. dollar index measures the Greenback against a trade-weighted basket of six major currencies, which slipped 0.49% to 103.835.<\/p>\n<p>The Euro US Dollar (EUR\/USD) is a widely traded pair that is up 0.04% today. This left the pair trading around $1.0609.<\/p>\n<p>The Japanese yen was negative against the U.S. dollar on Tuesday. Today USD\/JPY is drop 3.27% to the 132.40 level.<\/p>\n<p>Another commodity-related currency negative against the U.S dollar, AUD\/USD fell 0.64% to 0.6656, and NZD\/USD lose 0.55% to 0.6330 level.<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">EUR\/USD Intraday:<\/span> Trend on the downside<\/h3>\n<p><strong>Our pivot point is at 1.06100<\/strong><\/p>\n<p><strong>Preferable Price Action<\/strong>: Take short positions below pivot level with targets at 1.05730 &amp; 1.05520 in extension.<\/p>\n<p><strong>Alternative Price Action<\/strong>: Above pivot looks for a further upside to 1.06500 &amp; 1.06720.<\/p>\n<p><strong>Comment:<\/strong> RSI below 50 levels and Pairs below 20MA &amp; 55MA.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-9283 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/EURUSD-7-1024x476.png\" alt=\"\" width=\"1024\" height=\"476\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/EURUSD-7-1024x476.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/EURUSD-7-300x139.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/EURUSD-7-768x357.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/EURUSD-7.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicate Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">GBP\/USD Intraday: <\/span>Trend on the downside<\/h3>\n<p><strong>Our pivot point is at 1.21420.<\/strong><\/p>\n<p><strong>Preferable Price Action<\/strong>: Sell positions below pivot with targets at 1.20810 &amp; 1.20550 in extension.<\/p>\n<p><strong>Alternative Price Action<\/strong>: The price above pivot would call for further upside to 1.21420 &amp; 1.22350.<\/p>\n<p><strong>Comment<\/strong>:\u00a0 RSI is below 50 levels and Pairs below 20MA &amp; 55MA.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-9284 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/GBPUSD-7-1024x476.png\" alt=\"\" width=\"1024\" height=\"476\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/GBPUSD-7-1024x476.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/GBPUSD-7-300x139.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/GBPUSD-7-768x357.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/GBPUSD-7.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicate Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">USD\/JPY Intraday: <\/span>Major trend on the downside<span style=\"color: #cf2e2e\"><br \/>\n<\/span><\/h3>\n<p><strong>Our pivot point is at 133.480<\/strong><\/p>\n<p><strong>Preferable Price\u00a0<\/strong><strong>Action:<\/strong> Sell position below pivot with the target at 132.310 and 131.660 in extension.<\/p>\n<p><strong>Alternative Price Action<\/strong>: The upside breakout of the pivot would call for 134.670 and 135.300.<\/p>\n<p><strong>Comment<\/strong>: MACD is negative territory and Pairs below 20MA &amp; 55MA.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-9285 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/USDJPY-7-1024x476.png\" alt=\"\" width=\"1024\" height=\"476\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/USDJPY-7-1024x476.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/USDJPY-7-300x139.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/USDJPY-7-768x357.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/USDJPY-7.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicate Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">AUD\/USD Intraday:<\/span> Trend on the downside<\/h3>\n<p><strong>Our pivot point is at 0.66720<\/strong><\/p>\n<p><strong>Preferable Price Action:<\/strong> Sell Positions below pivot with targets at 0.66420 &amp; 0.66260 in extension.<\/p>\n<p><strong>Alternative Price Action<\/strong>:\u00a0 Above pivot looks for a further upside with 0.67040 &amp; 0.67200 as targets.<\/p>\n<p><strong>Comment<\/strong>: RSI is below 50 levels and pairs below 20MA &amp; 55MA.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-9281 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/AUDUSD-7-1024x476.png\" alt=\"\" width=\"1024\" height=\"476\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/AUDUSD-7-1024x476.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/AUDUSD-7-300x139.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/AUDUSD-7-768x357.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/AUDUSD-7.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicate Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">CRUDEOIL Intraday:<\/span> Trend on the upside\u00a0<strong><br \/>\n<\/strong><\/h3>\n<p><strong>Our pivot point is at 75.84.<\/strong><\/p>\n<p><strong>Preferable Price Action<\/strong>: Above pivots buy oil with 76.59 &amp; 76.97 as targets.<\/p>\n<p><strong>Alternative Price Action<\/strong>: Sell crude down pivot with targets at 75.08 and 74.72 in extension.<\/p>\n<p><strong>Comment<\/strong>: MACD is positive territory and Pairs above 55MA.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-9282 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/CRUDEOIL-7-1024x476.png\" alt=\"\" width=\"1024\" height=\"476\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/CRUDEOIL-7-1024x476.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/CRUDEOIL-7-300x139.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/CRUDEOIL-7-768x357.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/CRUDEOIL-7.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicate Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span>\u00a0\u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">XAU\/USD Intraday:\u00a0 <\/span>Major trend on the upside<span style=\"color: #cf2e2e\"><br \/>\n<\/span><\/h3>\n<p><strong>Our pivot point is 1792.30<\/strong><\/p>\n<p><strong>Preferable Price Action<\/strong>: Further upside to 1796.40 and 1798.60<\/p>\n<p><strong>Alternative Price Action<\/strong>: If the price gives a downside breakout of a pivot, then the price extends to 1788.30 and 1786.10.<\/p>\n<p><strong>Comment<\/strong>: MACD is positive territory and Pairs above 20MA.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-9287 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/XAUUSD-7-1024x476.png\" alt=\"\" width=\"1024\" height=\"476\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/XAUUSD-7-1024x476.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/XAUUSD-7-300x139.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/XAUUSD-7-768x357.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/XAUUSD-7.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicate Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span> \u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n<hr \/>\n<h3><span style=\"color: #cf2e2e\">Dow Jones Intraday: <\/span>Trend on the downside<span style=\"color: #cf2e2e\"><br \/>\n<\/span><\/h3>\n<p><strong>Our pivot point is 32,695.00<br \/>\n<\/strong><\/p>\n<p><strong>Preferable Price Action<\/strong>: Take sell positions down the pivot with targets at 32,389.00 &amp; 32,195.00.<\/p>\n<p><strong>Alternative Price Action<\/strong>: above 32,695.00 looks for further upside to 33,004.00 &amp; 33,198.00.<\/p>\n<p><strong>Comment<\/strong>: RSI is below 50 levels and Pairs below 20MA &amp; 55MA.<\/p>\n<p><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-9286 size-large\" src=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/WS30-6-1024x476.png\" alt=\"\" width=\"1024\" height=\"476\" srcset=\"https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/WS30-6-1024x476.png 1024w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/WS30-6-300x139.png 300w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/WS30-6-768x357.png 768w, https:\/\/www.sevenstarfx.com\/blog\/wp-content\/uploads\/2022\/12\/WS30-6.png 1365w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p style=\"text-align: center;font-size: 11px\"><span style=\"color: #008000\">Green Lines Indicate Resistance Levels<\/span>\u00a0\u00a0\u2013\u00a0<span style=\"color: #ff0000\">Red Lines Indicate Support Levels\u00a0<\/span><br \/>\n<span style=\"color: #3366ff\">Light Blue is a Pivot Point<\/span> \u00a0\u00a0\u2013 Black represents the price when the report was produced<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Market Wrap: Stocks, Bonds, Commodities Wall Street closed lower on Monday for a\u00a0fourth straight session\u00a0with Nasdaq leading declines as investors shied away from riskier bets, worried the Federal Reserve&#8217;s tightening&hellip; <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[124,89,329,10,28,3,155,220,26,328,33,327,72,323,31,101],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Market Outlook, 20 December, 2022 | Seven Star FX<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sevenstarfx.com\/blog\/daily-market-outlook-20-december-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Market Outlook, 20 December, 2022 | Seven Star FX\" \/>\n<meta property=\"og:description\" content=\"Market Wrap: Stocks, Bonds, Commodities Wall Street closed lower on Monday 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