 Welcome Treaders to the final Tick Mill weekly market outlook for 2022, just as you know, some housekeeping. The weekly market outlook will return on January the 9th. So for the week ahead in terms of the US, obviously markets start to wind down for the festive period. Today, we will get December NHB House Market Index looking for a 34 versus a 33 last time out. Housing market obviously remains under significant and lasting pressure given the rate path that is projected to potentially terminate above 5% next year in the US. Tuesday, November housing starts looking for a negative 1.5% versus a negative 4.2% print last time out demand is being crimped obviously by rising rates, limiting near term support residential construction as well with building permits expected to come in at negative 1%. Moving to Wednesday, we'll get November existing home sales looking for a negative 5.2% print there and December consumer confidence looking for a 101. Decline in sales volumes in terms of housing is now well entrenched and rates in inflation offsetting labour market optimism on the consumer confidence grunts. Then moving to Thursday Q3 GDP annualised looking for a 2.9% final estimate there obviously initial jobless claims remaining at a very depressed levels 211K last time out. We will also get the November leading index looking for a negative 0.4% print there. Growth outlook is clearly deteriorating in the States and regional surveys are showing weakness and then rounding out the week on Friday November durable goods looking for a negative 0.8% print there, personal income 0.2%, personal spending 0.2% and the PCE deflator also expected at 0.2% with core also anticipated to come in at 0.2%. The core orders in terms of durable goods pointing to subdued investment spending and the nominal income growth surprisingly robust but inflation pressures are limiting real spending capacity as we head in 2023. Close attention obviously on the core PCE inflation print as tightening pace begins to slow in the US and then we ran out Friday with December University of Michigan sentiment looking 59.1% final estimate and November new home sales negative 5.1% return to sizable declines is widely expected as we head into 2023. So from a technical perspective taking a look at the dollar index we tested our target zone into that just below the 103 level found some demand come into the market late last week. I'm looking now for this level to hold certainly as we test back into the 103 30 zone watch for bullish reversal patterns there. Initial target is going to be this trend channel resistance coming in 105.39. At this stage it would take a loss of that 102.50 to suggest that the move to the downside is really going to pick up some pace as we head into holiday thin trading. Moving to the Eurozone in terms of data really quiet this week Tuesday December consumer confidence confidence is consolidating but still historic lows negative 23.9 last time out and that really is the only data of note in the Eurozone for this week. So from a technical perspective Euro dollar I'm looking for the resistance at 107.30 to hold now and we're looking for a corrective move to develop three wave corrections versus the 107 handle which bearish reversal patterns there and we're looking for a move down into our target of the ascending trend channel support here and weekly projected range support 104.40 is the target on the downside. Moving to the UK in terms of data what do we have Thursday really only data printed note with Q3 GDP expected to come in at negative 0.2 percent to the final estimate and markets are anticipating month over month contraction there as the UK is in a technical recession from a technical perspective in terms of the charts I'm looking for any three wave corrective moves now into the 123.30 watch for bearish reversal patterns there to engage on the short side we're looking for a test of the trend channel support here down towards 120 and then from there I've been watching the bullish reversal patterns to reengage on the long side but for now we're anticipating a corrective move to develop moving to Japan and the data slate again pretty like that would note that over the weekend and certainly this morning reports have been picking up regarding a shifting policy in Japan and a move away potential move away from the yield curve control that's given a little bit of support to the year overnight in terms of data this week Friday only data corrective note event the CPI year over year looking for a 3.9 percent up from 3.7 percent last time our price pressures are building obviously from that weekend but with this shift from the BOJ we'll see how that impacts the inflation data moving into 2023 from a technical perspective as resistance holds at 138.10 looking for an extension to the downside and we're looking for a test of 132.50 132 weekly projective range support at this stage it will take a close over 138.80 and really the high volume node here at 139.40s to suggest a more meaningful load is in place and a larger correction could play out but for now focus remains on the downside moving to Australia in terms of data rba minutes are out tomorrow more color on that December decision is expected in a Wednesday we get the west back MI leading index negative 1.19 percent last time out pointing to material loss in the momentum as we head into 2023 down under and then rounding out the week on Friday and then the private sector credit looking for a 0.5 percent print there gradual slowdown really being impacted by those higher rates and the slowing economy down under from a technical perspective with the Aussie dollar looking for a corrected move to play out and ultimately looking for a test of trend channel support and weekly projective range support down to the 65.30 so any three-way corrected move up into this high volume area at the 68 handle what's a bearish reversal pattern is there to engage on the short side looking for a move down to test the corrective downside objective at this stage it would take a close back through the 68.90 level to suggest further upside is imminent and running out this week's report let's take a quick look at bitcoin here bitcoin under pressure to the back end of last week and really what i'm looking for now is as resistance holds at the 17200 i want to change these around here i'm looking for a test down into support just below 16000 and really i want to see a move back through weekly projective range resistance 17900 to suggest that we'll get further upside extension at this stage but for now we're looking at resistance 17200 to take this down for a test just below 16000 and that concludes this final weekly market outlook for 2022 as always traders plan the trade trade the plan and most importantly manage all risks until next year thanks very much