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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SOURCE
SPX
S&P 500 Index
7623.68
7623.68
7623.68
7660.15
7612.07
-39.75
-0.52%
--
--
DJI
Dow Jones Industrial Average
52215.16
52215.16
52215.16
52696.70
52055.10
-652.82
-1.23%
--
--
IXIC
NASDAQ Composite Index
25955.33
25955.33
25955.33
26111.62
25866.15
-53.52
-0.21%
--
--
USDX
US Dollar Index
101.620
101.620
101.700
101.660
101.290
+0.190
+ 0.19%
--
--
EURUSD
Euro / US Dollar
1.12013
1.12013
1.12047
1.12261
1.11842
-0.00139
-0.12%
--
--
GBPUSD
Pound Sterling / US Dollar
1.33711
1.33711
1.33809
1.34071
1.33605
-0.00276
-0.21%
--
--
XAUUSD
Gold / US Dollar
3996.28
3996.28
3996.28
4033.99
3975.34
-28.06
-0.70%
--
--
WTI
Light Sweet Crude Oil
102.756
102.756
102.786
103.258
98.359
+4.143
+ 4.20%
--
--

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Iranian Revolutionary Guard Spokesman Mohbi: The Potential Impact Of This Conflict Could Extend Beyond Iran And Affect The Fate Of Other Countries

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Iranian Revolutionary Guard Spokesman Mohbi: Trump's Exaggerated Remarks And Threats Are Nonsense

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Paris Police Said Clashes Broke Out After The Demonstrations Ended, And Police Used Tear Gas And Water Cannons

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Zelensky: We Will Not Give Up More Territory To End The Conflict

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Saudi Arabia Has Not Yet Immediately Confirmed The Houthi Statement

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The Houthi Rebels In Yemen Claimed Responsibility For Attacking The Rabigh Oil Refinery In Saudi Arabia

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The Houthi Rebels In Yemen Claimed Responsibility For Attacking Riyadh Airport In Saudi Arabia

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The Houthi Rebels In Yemen Claimed They Attacked A Saudi Aramco Facility In Yanbu

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The Israeli Military Launched An Attack In Yohmorshakif, Lebanon

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Houthi Rebels: We Will Continue To Conduct Military Operations Deep Into Saudi Territory, Adhering To The Principle Of "responding To Blockade With Blockade And Responding To Escalation With Escalation," And Strike The Military Forces Amassed By Saudi Arabia Until The Aggression Stops And The Blockade Against Our Country Is Lifted

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Houthi Rebels: We Used Multiple Ballistic Missiles And Drones To Carry Out Seven Special Military Operations

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Houthi Rebels: Saudi Arabia Launched 100 Airstrikes On Civilian Facilities In The Capital Sana'a And Other Free Provinces In The Past 24 Hours, Resulting In Dozens Of Deaths And Injuries. Since The Escalation Of The Current Situation, Saudi Arabia Has Launched A Total Of 3,123 Airstrikes And Missile Attacks Against My Country

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UAE President: The UAE Stands With Jordan And Will Jointly Resist All Acts That Undermine Jordan's National Security And The Safety Of Its People

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U.S. Officials: Although No Final Decision Has Been Made, Trump Is Inclined To Resume Major Action Against Iran

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Nourabadi, Head Of The Parliamentary And Legal Affairs Department Of The Iranian Ministry Of Foreign Affairs, Said: According To Iranian Religious Beliefs, Negotiating With The Enemy Is Itself A Form Of War. War And Negotiation Are Not Mutually Exclusive, But Rather Interconnected And Complementary Means

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Nourabadi, Head Of The Parliamentary And Legal Affairs Department Of The Iranian Foreign Ministry: The United States Is Trying To Create A Situation Where War And Negotiation Are Opposed To Each Other, And To Achieve Its Own Goals By Arranging The Order Of The Two

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The White House: President Trump Is Cracking Down On Fraud Across The Board

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The Head Of Iran's Free Trade Zone Stated That Measures Have Been Introduced To Facilitate The Import Of Industrial Raw Materials, Allowing For The Import Of Necessary Raw Materials Through The Simplest Customs Procedures, With Customs Clearance Taking A Maximum Of One To Ten Days

TIME
ACT
FCST
PREV
IMPACT
Japan Manufacturing PMI Prelim (SA) (Oct)

A:--

F: --

P: --

USDJPY
  • USDJPY
  • XAUUSD
  • XAGUSD
  • WTI
U.K. Retail Sales MoM (SA) (Sept)

A:--

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GBPUSD
  • GBPUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
U.K. Core Retail Sales YoY (SA) (Sept)

A:--

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P: --
GBPUSD
  • GBPUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
U.K. Retail Sales YoY (SA) (Sept)

A:--

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P: --
GBPUSD
  • GBPUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
France Manufacturing PMI Prelim (Oct)

A:--

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EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
France Services PMI Prelim (SA) (Oct)

A:--

F: --

P: --

EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
France Composite PMI Prelim (SA) (Oct)

A:--

F: --

P: --

EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Germany Manufacturing PMI Prelim (SA) (Oct)

A:--

F: --

P: --

EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Germany Services PMI Prelim (SA) (Oct)

A:--

F: --

P: --

EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Germany Composite PMI Prelim (SA) (Oct)

A:--

F: --

P: --

EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Euro Zone Composite PMI Prelim (SA) (Oct)

A:--

F: --

P: --

EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Euro Zone Manufacturing PMI Prelim (SA) (Oct)

A:--

F: --

P: --

EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Euro Zone Services PMI Prelim (SA) (Oct)

A:--

F: --

P: --

EURUSD
  • EURUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
U.K. Manufacturing PMI Prelim (Oct)

A:--

F: --

P: --

GBPUSD
  • GBPUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
U.K. Services PMI Prelim (Oct)

A:--

F: --

P: --

GBPUSD
  • GBPUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
U.K. Composite PMI Prelim (Oct)

A:--

F: --

P: --

GBPUSD
  • GBPUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Russia Key Rate

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
India Deposit Gowth YoY

A:--

F: --

P: --

XAUUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Mexico Economic Activity Index YoY (Aug)

A:--

F: --

P: --

XAUUSD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Canada Retail Sales MoM (SA) (Aug)

A:--

F: --

P: --
USDCAD
  • USDCAD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
Canada Core Retail Sales MoM (SA) (Aug)

A:--

F: --

P: --
USDCAD
  • USDCAD
  • XAUUSD
  • XAGUSD
  • WTI
  • USDX
U.S. IHS Markit Services PMI Prelim (SA) (Oct)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. IHS Markit Composite PMI Prelim (SA) (Oct)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. IHS Markit Manufacturing PMI Prelim (SA) (Oct)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. UMich Consumer Expectations Index Final (Oct)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. UMich Consumer Sentiment Index Final (Oct)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. UMich 1-Year-Ahead Inflation Expectations Final (Oct)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. UMich Current Economic Conditions Index Final (Oct)

A:--

F: --

P: --

USDX
  • USDX
  • XAUUSD
  • XAGUSD
  • WTI
U.S. Weekly Total Oil Rig Count

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
U.S. Weekly Total Rig Count

A:--

F: --

P: --

WTI
  • WTI
  • XAUUSD
  • XAGUSD
  • USDX
Germany IFO Business Climate Index (SA) (Oct)

--

F: --

P: --

Germany Ifo Current Business Situation Index (SA) (Oct)

--

F: --

P: --

Germany Ifo Business Expectations Index (SA) (Oct)

--

F: --

P: --

U.K. CBI Retail Sales Expectations Index (Oct)

--

F: --

P: --

U.K. CBI Distributive Trades (Oct)

--

F: --

P: --

Brazil Current Account (Sept)

--

F: --

P: --

Canada National Economic Confidence Index

--

F: --

P: --

U.S. Chicago Fed National Activity Index (Sept)

--

F: --

P: --

U.S. Dallas Fed New Orders Index (Oct)

--

F: --

P: --

U.S. Dallas Fed General Business Activity Index (Oct)

--

F: --

P: --

U.S. 2-Year Note Auction Avg. Yield

--

F: --

P: --

South Korea GDP Prelim QoQ (SA) (Q3)

--

F: --

P: --

U.K. BRC Shop Price Index YoY (Oct)

--

F: --

P: --

China, Mainland Industrial Profit YoY (YTD) (Sept)

--

F: --

P: --

Euro Zone M3 Money Supply YoY (Sept)

--

F: --

P: --

Euro Zone 3-Month M3 Money Supply YoY (Sept)

--

F: --

P: --

Euro Zone Private Sector Credit YoY (Sept)

--

F: --

P: --

Germany 2-Year Schatz Auction Avg. Yield

--

F: --

P: --

Brazil Current Account (Sept)

--

F: --

P: --

Mexico Trade Balance (Sept)

--

F: --

P: --

Brazil PPI MoM (Sept)

--

F: --

P: --

U.S. Durable Goods Orders MoM (Excl. Defense) (SA) (Sept)

--

F: --

P: --

U.S. Non-Defense Capital Durable Goods Orders MoM (Excl. Aircraft) (Sept)

--

F: --

P: --

U.S. Durable Goods Orders MoM (Excl.Transport) (Sept)

--

F: --

P: --

U.S. Durable Goods Orders MoM (Sept)

--

F: --

P: --

U.S. Weekly Redbook Index YoY

--

F: --

P: --

U.S. FHFA House Price Index (Aug)

--

F: --

P: --

U.S. S&P/CS 20-City Home Price Index MoM (SA) (Aug)

--

F: --

P: --

U.S. S&P/CS 20-City Home Price Index YoY (Not SA) (Aug)

--

F: --

P: --

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          PPI Better than Expected, XAUUSD Remains Sideways

          Ricardo Nguyen
          Summary:

          U.S. PPI for January was more than expected, and XAUUSD continued to trade sideways after oscillating more than 20 dollars in the short term.

          SELL XAUUSD
          Close Time
          CLOSED

          1830.00

          Entry Price

          1800.00

          TP

          1839.00

          SL

          3996.28 -28.06 -0.70%

          90.0

          Pips

          Loss

          1800.00

          TP

          1839.06

          Exit Price

          1830.00

          Entry Price

          1839.00

          SL

          Fundamentals

          Yesterday, affected by the unexpected PPI data, spot gold fell below 1830, and then rally. However, the hawkish comments of Fed officials put pressure on gold prices, and eventually closed up 0.02% to $1836.32/oz; spot silver closed down 0.19% to $21.58/oz.
          The U.S. dollar index was up 0.17% at 104.04; 10-year yields rose to 3.863%.
          Several Fed officials remained bullish sentiment and gold prices dropped below $1830 again.
          Expectations of 50bps rate hikes next month are starting to rise.
          After a slight rebound yesterday, gold prices are expected to touch $1805-1810 today, as the "50bps rate hikes" is expected slow down.

          Technical AnalysisPPI Better than Expected, XAUUSD Remains Sideways_1

          The U.S. 10-year Treasury yield climbed to 3.9% after the release of initial jobless claims and PPI data yesterday.
          The price also broke the 0.618 Fibonacci and 0.786, and keep moving upwards. As a result, expectations of the Fed to keep high-interest rates are very optimistic, which means that the dollar will be supported and non-dollar currencies will be under pressure.
          PPI Better than Expected, XAUUSD Remains Sideways_2
          XAUUSD was obviously under pressure. After the release of CPI and retail sales data, gold continued to dip, with prices trading sideways in the range of 1833-1845. As PPI came out, the price may continue to fall.
          The price is still below the MA34, which shows that the short-term selling pressure is still strong, and with the expectation of interest rate hikes, 1800 might be the next target area.

          Trading Recommendations

          Trading Direction: Short
          Entry Price: 1830
          Target Price:1800
          Stop Loss: 1839
          Support: 1800-1810
          Resistance: 1845
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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