GOLD AND USDX : Daily Signal And Analysis From InstaForex

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mazri_2008

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Gold IPDA 60 Days Premium-Discount Array For Jan 22, 2020



If We see the Gold chart base Interbank Price Delivery Algorithm (IPDA) 60 Days Premium-Discount Array now this asset already at the Premium Array one, this condition ideally is for Short Position for Gold with the target at 1544.51(Premium Array) as the first target and the 1535.52 (4 Hour Chart SELL Side Liquidity Pool). The secondary target is at 1568.16 as long as gold does not breakout and close above the 4 Hour Chart BUY Side Liquidity Pool.
 
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mazri_2008

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Gold Holds Steady As Coronavirus Fears Abate

Gold prices held steady on Wednesday and the dollar strengthened as China's response to a virus outbreak tempered some fears of a global pandemic. Spot gold edged up marginally to $1,558.57 an ounce, after hitting its lowest level since Jan. 15 in the previous session at $1,545.96. U.S. gold futures were little changed at $1,558.55.

China said it would increase screening and controls after the death toll from a new flu-like coronavirus rose to nine with 440 confirmed cases. The World Health Organization (WHO) is expected to declare a Public Health Emergency of International Concern in response to the coronavirus outbreak which appears to have originated in eastern China, and spread to more Chinese cities including Beijing and Shanghai. Asian stock markets recovered from an early slide to close mostly higher while European stocks held largely steady ahead of the European Central Bank's monetary policy meeting on Thursday.
 

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Dollar Mixed Ahead Of U.S. House Price Index

The Federal Housing Finance Agency or FHFA's House Price Index for November will be released at 9.00 am ET Wednesday. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback dropped against the pound, it held steady against the rest of major counterparts. The greenback was worth 109.96 against the franc, 1.3131 against the pound, 1.1090 against the euro and 109.96 against the yen as of 8:55 am ET.
 

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Gold Futures Settle Slightly Lower Gold prices edged lower

on Wednesday, as investors looked for riskier assets amid slightly fading concerns about the coronavirus outbreak after the Chinese government said it is stepping up preventive measures. The dollar index rebounded after early weakness, but largely seen struggling to move up any significantly higher. After edging down to 97.44 earlier in the day, the index climbed to 97.69 before paring some gains. It was last seen at 97.58, up marginally from previous close. Gold futures for February ended down $1.20, or about 0.08%, at $1,556.70 an ounce. On Tuesday, gold futures for February ended down $2.40, or about 0.2%, at $1,557.90 an ounce. Silver futures for March ended up $0.020 at $17.828 an ounce, while Copper futures for March settled at $2.7650 per pound, down $0.0285 from previous close.

Chinese health officials told the Wall Street Journal that hospitals are stepping up preventive measures and government officials are recommending that people not enter or leave Wuhan. In economic news, a report from the National Association of Realtors showed existing home sales in the U.S. rebounded by much more than anticipated in the month of December. NAR said existing home sales spiked by 3.6% to an annual rate of 5.54 million in December after tumbling by 1.7% to a rate of 5.35 million in November. Economists had expected existing home sales to jump by 1.2% to an annual rate of 5.43 million. With the much bigger than expected monthly increase, existing home sales in December were up by 10.8% compared to the same month a year ago. On a full-year basis, NAR said total existing home sales came in at 5.34 million in 2019, unchanged from the previous year.
 

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Gold Prices Inch Lower Ahead Of ECB Decision

Gold prices edged lower on Thursday as markets braced for the European Central Bank's first policy decision of the year, where the bank's president, Christine Lagarde, is expected to launch a broad review of policy that is likely to see her redefine the central bank's main goal. Spot gold slipped 0.3 percent to $1,554.05 per ounce,

while U.S. gold futures were down 0.2 percent at $1,553.45. No big changes are expected from the meeting as a result of stabilizing activity and inflation data. Investors also keep an eye on the new coronavirus outbreak in China that has spread from Wuhan to several Chinese provinces. Deaths from the virus rose to 17 on Wednesday, with nearly 600 cases confirmed. Market participants remain worried about the contagion as the week-long Lunar New Year holidays starts on Friday, when millions of Chinese travel domestically and abroad.
 

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Gold Futures Settle At Over 2-week High

Gold prices climbed higher on Thursday on safe-haven appeal after global stock markets drifted lower amid mounting worries about the impact of the coronavirus outbreak in China. Gold prices advanced despite a fairly steady dollar. The dollar index rose to 97.72, gaining about 0.2%. Gold futures for February ended up $8.70, or about 0.6%, at $1,565.40 an ounce, the highest settlement since January 7. On Wednesday, gold futures for February ended down $1.20, or 0.08%, at $1,556.70 an ounce. Silver futures for March ended marginally up at $17.839 an ounce, while Copper futures for March settled at $2.7260 per pound, down $0.0390 from previous close.

Traders continued to keep an eye on the new coronavirus outbreak in China that has spread from Wuhan to several Chinese provinces. According to reports, deaths from the virus rose to 17 on Wednesday, with nearly 600 cases confirmed. Market participants remain worried about the contagion as the week-long Lunar New Year holidays starts on Friday, when millions of Chinese travel domestically and abroad. In U.S. economic news, data from the Labor Department showed first-time claims for U.S. unemployment benefits rose to 211,000, an increase of 6,000 from the previous week's revised level of 205,000.

Economists had expected jobless claims to climb to 215,000 from the 204,000 originally reported for the previous week. The Conference Board released a report showing a slightly bigger than expected decrease by its index of leading U.S. economic indicators. The Conference Board said its leading economic index fell by 0.3% in December after inching up by a revised 0.1% in November Economists had expected the leading economic index to dip by 0.2% compared to the unchanged reading originally reported for the previous month.
 

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Gold Futures Settle At Over 2-week High

Gold prices climbed higher on Thursday on safe-haven appeal after global stock markets drifted lower amid mounting worries about the impact of the coronavirus outbreak in China. Gold prices advanced despite a fairly steady dollar. The dollar index rose to 97.72, gaining about 0.2%. Gold futures for February ended up $8.70, or about 0.6%, at $1,565.40 an ounce, the highest settlement since January 7. On Wednesday, gold futures for February ended down $1.20, or 0.08%, at $1,556.70 an ounce. Silver futures for March ended marginally up at $17.839 an ounce, while Copper futures for March settled at $2.7260 per pound, down $0.0390 from previous close.

Traders continued to keep an eye on the new coronavirus outbreak in China that has spread from Wuhan to several Chinese provinces. According to reports, deaths from the virus rose to 17 on Wednesday, with nearly 600 cases confirmed. Market participants remain worried about the contagion as the week-long Lunar New Year holidays starts on Friday, when millions of Chinese travel domestically and abroad. In U.S. economic news, data from the Labor Department showed first-time claims for U.S. unemployment benefits rose to 211,000, an increase of 6,000 from the previous week's revised level of 205,000.

Economists had expected jobless claims to climb to 215,000 from the 204,000 originally reported for the previous week. The Conference Board released a report showing a slightly bigger than expected decrease by its index of leading U.S. economic indicators. The Conference Board said its leading economic index fell by 0.3% in Decemeffect dengan coronavirus.ber after inching up by a revised 0.1% in November Economists had expected the leading economic index to dip by 0.2% compared to the unchanged reading originally reported for the previous month.
Menuju puncak ye gold. Takde effect dengan coronavirus.
 

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Banyak info ni...nmpknya kena rajin membaca la...
 

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Dollar Stays Firm, Gains Against Rivals

The U.S. dollar remained steady and stayed stronger against most major currencies on Wednesday, reacting to the latest batch of economic data and the Federal Reserve's monetary policy announcement. Amid lingering worries about the potential impact of the coronavirus on the global economy, the dollar retained its safe-haven appeal.

After exhibiting strength early on in the session, the dollar stayed sideways for quite sometime before slipping into negative territory after the central bank's policy statement. It subsequently rebounded to move marginally higher. The dollar index, which rose to 98.19 earlier in the day and slipped to 97.94 later on, was last seen at 98.10, up 0.8% from previous close.

Against the Euro, the dollar strengthened to $1.1006, gaining about 0.15%. Against Pound Sterling, the dollar advanced to $1.3015. and against the Japanese yen, it was down marginally at 109.08 yen. The Aussie was lower against the dollar at 0.6751. The dollar gained against Swiss franc and Loonie as well, strengthening to 0.9740 and 1.3203, respectively. As expected, the Federal Reserve today left interest rates unchanged following the conclusion of its two-day monetary policy meeting.

The Fed decided to maintain the target range for the federal funds rate at 1.5 to 1.75%, keeping rates unchanged for the second straight meeting after three straight quarter-point rate cuts. The accompanying statement was largely unchanged from last month, with the Fed noting that recent data indicates the labor market remains strong and that economic activity has been rising at a moderate rate. The central bank did describe household spending as rising at a "moderate pace" compared to last month's description of spending as rising at a "strong pace." The Fed also reiterated that business fixed investment and exports remain weak and that the annual rate of inflation continues to run below its 2% target.

The central bank said it views the current stance of monetary policy as appropriate to supporting sustained expansion of economic activity, strong labor market conditions, and inflation returning to 2%. It added that it will continue to monitor the implications of incoming information for the economic outlook, including global developments and muted inflation pressures, as it assesses the appropriate path for rates. According to a report released by the National Association of Realtors on Wednesday, pending home sales in the U.S. unexpectedly showed a sharp pullback in the month of December. NAR said its pending home sales index plunged by 4.9% in December after jumping by 1.2% in November. Economists had expected pending home sales to rise by 0.5%.
 
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