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According to the Financial Times: Google has invested another $1 billion in OpenAI competitor Anthropic.On January 22, the enthusiasm for listing in Hong Kong continued to rise since January, and many companies rushed to sprint for Hong Kong IPO. Data showed that as of January 21, 29 companies had submitted prospectuses to the Hong Kong Stock Exchange, of which 21 were first-time submissions and 8 companies were updating their listing application materials.Futures News January 22, Economies.com analysts latest view today: WTI crude oil futures prices have clearly fallen below 77.53 and closed below this level on the daily chart. The price has completed the technical pattern of the head and shoulders top, which strengthens the possibility of a continuation of the bearish correction at the intraday level, and its target price is expected to exceed 75.53 and further drop to the 73.90 area. In view of this, it is expected that market sentiment will continue to be bearish for some time to come. However, if the price can break through the two key levels of 77.53 and 78.25 in turn, it may terminate the current bearish trend and make it possible for the price to re-enter the main bullish trend. The expected trading range of WTI crude oil today is set between 75.00 support and 78.00 resistance. Overall trend outlook: bearish.Futures January 22, Economies.com analysts latest view today: Brent crude oil prices continued their decline yesterday, approaching the expected target price of 78.39, which corresponds to the 38.2% Fibonacci retracement level of the most recent bull market. The negative signals currently sent by technical indicators increase the possibility of the market resuming its bearish trend, indicating that prices may fall below this level and further drop to the next correction target of 77.05. Therefore, the trend expectation for the next period of time is still bearish, unless the price can rebound and break through the key levels of 80.10 and 80.50 in turn, and stay above them. The expected trading range of Brent crude oil today is set between 77.70 support and 80.70 resistance. Overall trend outlook: bearish.Futures News January 22, Economies.com analysts latest view today: Yesterday, gold prices rose significantly, breaking through our expected target price of 2742.00. After opening today, prices continued to rise, trying to break through the resistance line of the bullish channel, which further supports our expectations of intraday and short-term bullish trends. The next target price is the recent record high of 2790.00. Therefore, we expect gold prices to continue to maintain a bullish tendency in the next trading session. It should be noted that if it falls below 2740.00, it will end the bullish trend and push prices down to test the support line of the bullish channel, which is located near 2700.00, before trying to rise again. Todays trading range is expected to be between the 2735.00 support level and the 2770.00 resistance level. Trend forecast: bullish.

Forecast for Gold Price: XAUUSD oscillates above $1,770 as attention switches to US Retail Sales

Daniel Rogers

Nov 15, 2022 16:52

 截屏2022-09-15 下午3.06.36.png

 

During the Asian session, the gold price (XAUUSD) is fluctuating in uncharted area above the crucial barrier of $1,770.00. Amid market uncertainty preceding the US midterm elections, the precious metal has moved sideways. However, the public anticipates a decisive victory for Republicans in the House of Representatives.

 

The US dollar index (DXY) is failing to surpass the immediate barrier of 107.00 as the likelihood of the Federal Reserve (Fed) maintaining its current pace of rate hikes decline. In addition, increased demand for U.S. government bonds has caused rates to plummet. In the meantime, S&P500 futures have continued their rebound following Monday's pessimism.

 

The US Retail Sales statistics will be a focal point moving forward. According to predictions, the economic data is expected to be 0.9% compared to the previous release of 0%. The core Consumer Price Index (CPI) for the month of October decreased to 0.3% from 0.6% in the previous report. The combination of a drop in price growth and a substantial increase in retail sales shows healthy retail demand.


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