Topics Columnists

Trending Topics

Russia-Ukraine Conflict

The war between Russia and Ukraine continues, and it is difficult for the two sides to reach an agreement in negotiations. Western countries have imposed several rounds of sanctions on Russia. The outlook is unpredictable.

Situation in Taiwan Strait

Pelosi's visit to Taiwan has led to an escalation of tensions in the Taiwan Strait. Chinese Foreign Ministry spokesperson Hua Chunying said that the U.S. side and the "Taiwan independence" separatist forces colluded to provoke China, which is the fundamental reason for the tensions in the Taiwan Strait.

The Fed

The Federal Reserve (Fed), or the central bank of the United States, is responsible for regulating the U.S. monetary policy and interest rates. As a provider of liquidity for world trade, the Fed is also known as the world's central bank. Its every move affects the global economy and financial markets.

China-U.S. Relations

Focus on Pelosi's Taiwan Visit ! How will China-U.S. relations develop in the future, win-win cooperation or confrontation?

Top Columnists

FastBull Featured

The latest breaking news and the global financial events.

FastBull

Hi there! Are you ready to get involved into the financial world?

Devin Wang

I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.

Winkelmann

7 years of stock market, foreign exchange, precious metal and other trading and analysis experience, based on fundamental, technical support, biased towards the top-down transaction logic, focusing on macro cycle and risk control, multi-purpose supply and demand theoretical prediction price Changes, balances the impact of transactions, chips distribution and market sentiment, and steady.

Trading AcademyTradersDaniel Market Outlook

Latest Update

Follow the Trend? Or Wait?

Crypto Market had a recovery, Bitcoin has up about 39% since Jan, Ethereum has reached the 16k level. Is it good time to follow the trend and buy?

BTC Reaches $21k, Time to Buy? Let’s Do a Statistic Analysis!

Bitcoin recently topped the $21k level. Is it still a good time to buy? Let's do a quick analysis to show you.

FTX’s Customer Recovery Plan

FTX attorney Andy Dietderich claimed FTX has recovered over $5B dollars in cash. Will victims recover their losses soon? Will SBF be responsible for FTX's collapse?

McKinsey’s Report | What Are the Industries Will Adopt Metaverse?

McKinsey reported that metaverse possibly create $5T in value by 2030. Which industry will be impacted the most? How many people would like to take this transition from their real life to metaverse?

Data Warehouse Market Trend Institutional Data Policy Rates Macro

Market Trend

Speculative Sentiment Orders and Positions Asset Correlation

Popular Indicators

Trading Signals

Recommended Signals

Recent Searches
Trending Searches
Quotes
7x24

View All

No data

Scan to download

Faster Financial News and Market Quotes

Download App
Invite Friends

CPI Cools Down: XAUUSD Hits 1900

Commodity
Summary:

Yesterday’s CPI showed that inflation is cooling down. The U.S. CPI in December was -0.1% MoM, 6.5% YoY, down for the sixth consecutive month, and the core CPI was 5.7% YoY.

Buy XAUUSD
End Time
CLOSED

1895.00

ENTRY PRICE

1920.00

TGT PRICE

1885.00

SL PRICE

1929.93 +1.96 +0.10%

2500

Points

Profit

1885.00

SL PRICE

1920.18

CLOSING

1895.00

ENTRY PRICE

1920.00

TGT PRICE

Fundamentals

On Thursday, the U.S. CPI showed that inflation is cooling down, bolstering expectations of less aggressive interest rate hikes from the Fed.
The U.S. dollar index fell nearly 1%, hitting its lowest level in more than 7 months. The U.S. bond yields weakened sharply, touching a 4-week low. Gold prices surged 1.6% at 1900, advancing for the fourth consecutive week.
The U.S. CPI showed an easing in inflation in December, which may allow the Fed to continue to cut rates by 25bps at the FOMC meeting in February. The probability of the Fed raising interest rates by 25bps in February is 93.2%, according to CME Fed Watch.
However, St. Louis Bullard, the president and hawk of the Fed, said on Thursday that the Fed should quickly raise interest rates above 5%, so the Fed still faces a risk of raising interest rates by 50 bps. At the top of the list is the "terminal rate," according to Thursday's report, there is no reason to believe that the Fed has changed its mind about raising interest rates above 5%.
The "terminal rate" will be the focus of the market in the future.

Technical Analysis

CPI Cools Down: XAUUSD Hits 1900_1
The U.S. bond yields fell following the CPI data. It is currently at 3.467%. Following yesterday's CPI data, the Fed’s interest rate hike expectations have dropped significantly and the Fed’s February interest rate hikes are under consideration.
The Fed raised interest rates in February with a probability of 25 bps is as high as 93.2%.
According to CME Fed Watch, the probability of the Fed raising interest rates by 25bps at 4.50%-4.75% in February is 93.2%, the probability of raising interest rates by 50bps is 6.8%, the probability of cumulative interest rate hikes by 25bps in March is 18.9%, the probability of cumulative interest rate hikes by 50bps is 75.7%, and the probability of cumulative interest rate hikes by 75bps is 5.4%.
CPI Cools Down: XAUUSD Hits 1900_2
The dollar plunged yesterday. In today’s Asian session, it had an upward correction of 0.06%.
In terms of technical analysis, the price has broken the previous horizontal price movement and is running at new levels now. At this stage, the price is likely to continue at its horizontal price movement, especially before the Fed raises interest rate in February.

The price is at 101.9179, which is also the trend of the H4 frame. It is likely at its horizontal price movement and has a slight upward correction then drops sharply.
CPI Cools Down: XAUUSD Hits 1900_3
After the CPI data was released yesterday, XAUUSD dipped near $14, then quickly recovered and broke through 1900 for the first time since last May. Sometimes it rolled back and drop below $1890/oz, then rebounded and finally rose 1.14% to $1896.86/oz.
In terms of technical analysis, gold price extends its upward momentum, the market is expected to break through the resistance level of 1900,and continue to test 1920.

Trading Recommendations

Trading Direction: Long
Entry Price: 1895
Target Price: 1920
Stop Loss: 1890
Support: 1885
Resistance: 1920
Risk Warnings and Investment Disclaimers
You understand and acknowledge that there is a high degree of risk involved in trading with strategies. Following any strategies or investment methodologies is the potential for loss. The content on the site is being provided by our contributors and analysts for information purposes only. You alone are solely responsible for determining whether any trading assets, or securities, or signal, or any other product is suitable for you based on your investment objectives and financial situation.

Quick Access to 7x24

Quick Access to More Editor-selected Real-time News

Full Access to Pro Video Channel

FastBull project team is dedicated to create exclusive videos

Real-Time Quotes

View more faster market quotes

More comprehensive macro data and economic indicators

Members have access to entire historical data, guests can only view the last 4 years

Member-only Database

Comprehensive forex, commodity, and equity market data

Ricardo Nguyen

Analyst

With more than 7 years of experience in the financial market in general and Forex in particular, I also held many important positions. I cooperated with many units to organize training courses on investment knowledge and skills to share useful knowledge with the participation of thousands of people.

Rank

2

Articles

16

Win Rate

66.67%

P/L Ratio

5.15

Focus on

XAUUSD, USDJPY, BRENT

Related Analysis

The BOJ’s Monetary Policy May Change: USDJPY Tumbles by More than 40 Points

EXPIRED

Gold Will be Volatile Before Tomorrow's CPI Data is Released

EXPIRED

AUDUSD in a Downtrend, Correcting Towards Support Before US CPI was Released

PROFIT +1484 Points

XAUUSD:Suddenly Rose Strongly in the First Session of this Week, Touching the $1880/oz

LOSS -400 Points

USDJPY:Bank of Japan Conducted Emergency Bond-buying Operations

PROFIT +4698 Points
English
English
简体中文
繁體中文
العربية
Telegram Instagram App Store App Store Google Play
Copyright © Fastbull Ltd
Home News Columns AI News Economic Calendar Quotes Videos Data Warehouse Analysis AI Signals Pro User Agreement Privacy Policy About Us

Risk Disclosure

The risk of loss in trading financial assets such as stocks, FX, commodities, futures, bonds, ETFs or crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

No consideration to invest should be made without thoroughly conduct your own due diligence, or consult with your financial advisors. Our web content might not suit you, since we have not known your financial condition and investment needs. It is possible that our financial information might have latency or contains inaccuracy, so you should be fully responsible for any of your transactions and investment decisions. The company will not be responsible for your capital lost.

Without getting the permission from the website, you are not allow to copy the website graphics, texts, or trade marks. Intellectual property rights in the content or data incorporated into this website belongs to its providers and exchange merchants.