XAUUSD- Intraday trading strategy before CPI news on November 14
Gold prices today (November 14) in the world rebounded right before the US announced the October consumer price index today. The falling USD has supported the increase in gold prices.
World gold prices continued to increase this morning because the falling USD supported the increase in gold prices as transaction and custody costs decreased. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies, decreased by 0.19% to 105,660 points at 6:30 a.m. this morning (Hanoi time).
The USD fell before the US announced the consumer price index (CPI) for October today, October 14. It is forecast that the CPI in the US will increase by 3.7% over the same period last year, equal to the increase in September.
Previously, the US released the October employment report with non-farm payrolls only creating 150,000 jobs, much lower than the 180,000 jobs forecast and far ahead of the 297,000 jobs created in September. The unemployment rate also increased from 3.8% in August to 3.9% in October.
Experts say that poor employment data in the US and a stable CPI may help the US Federal Reserve (Fed) not be able to increase interest rates as previously forecast to ensure market stability. job school.
Gold is still in the bearish channel, so choose a suitable entry to enter the order while waiting for news
World gold prices continued to increase this morning because the falling USD supported the increase in gold prices as transaction and custody costs decreased. Specifically, the Dollar-Index - measuring the strength of the USD in a basket of 6 major currencies, decreased by 0.19% to 105,660 points at 6:30 a.m. this morning (Hanoi time).
The USD fell before the US announced the consumer price index (CPI) for October today, October 14. It is forecast that the CPI in the US will increase by 3.7% over the same period last year, equal to the increase in September.
Previously, the US released the October employment report with non-farm payrolls only creating 150,000 jobs, much lower than the 180,000 jobs forecast and far ahead of the 297,000 jobs created in September. The unemployment rate also increased from 3.8% in August to 3.9% in October.
Experts say that poor employment data in the US and a stable CPI may help the US Federal Reserve (Fed) not be able to increase interest rates as previously forecast to ensure market stability. job school.
Gold is still in the bearish channel, so choose a suitable entry to enter the order while waiting for news
Comment:
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