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January 14th - According to South Korean sources, in response to North Koreas demand for an apology from South Korea regarding the drone intrusion incident, South Korean Unification Minister Chung Dong-young stated on the 14th that a joint South Korean military and police investigation task force is conducting an investigation, and appropriate measures will be taken once the investigation results are released. Chung Dong-young also expressed his hope to restore inter-Korean communication channels that day. He said, "Exchanging information solely through long-distance conversations is unnatural and abnormal."January 14th - The State Council Information Office will hold a press conference at 3:00 PM on Thursday, January 15th, 2026. Zou Lan, spokesperson and vice governor of the Peoples Bank of China, and Li Bin, spokesperson and vice director of the State Administration of Foreign Exchange, will introduce the achievements of monetary and financial policies in supporting the high-quality development of the real economy and answer questions from reporters.ECB Governing Council member Kazak: Monetary policy has worked, but its getting a bit boring now.According to Futures News on January 14th, as of 15:00 Beijing time, spot platinum rose 2.54% and spot palladium rose 1.96%.January 14th - A growing number of options traders are ruling out a 2026 Federal Reserve rate cut and instead betting that the Fed will keep rates unchanged throughout the year. This trend can be traced back to at least last Friday, when US employment data showed an unexpected drop in the unemployment rate. Market pricing suggests this virtually eliminated the possibility of a Fed rate cut this month, prompting more traders to postpone their expectations for rate cuts in the coming months. David Robin, interest rate strategist at TJM Institutional Services, noted, "From a data perspective, the probability of the Fed keeping rates unchanged until at least March has increased, and the likelihood of stable rates increases with each meeting." Recent options flows for the covered overnight funding rate, which is closely linked to the Feds short-term benchmark rate, have sent a more hawkish signal. New options positions are primarily concentrated in March and June contracts to hedge against a continued delay in the Feds next rate cut. Other positions targeting longer-term contracts are expected to profit from the Feds stance of keeping rates unchanged throughout the year. Robin stated that regardless of whether the market believes the Fed will hold rates steady, these trades are low-cost, and as a prudent risk manager, you would want to hold these positions.

Gold Price Prediction: The XAU/USD pair aims to extend its climb above $1,920 as the Federal Reserve softens its policy tightening tempo

Alina Haynes

Jan 16, 2023 10:50

截屏2023-01-16 上午10.41.37.png 

 

In the early Asian session on Monday, the gold price (XAU/USD) moved sideways following a mammoth rally to the important resistance of $1,920.00. After breaching the $1,900 round-level barrier for the first time in eight months, the precious metal attracted considerable buying interest. In addition, a decline in the US Dollar Index (DXY) boosted the Gold price.

 

The risk profile remains optimistic as the S&P500 has posted a four-day winning run and the Federal Reserve (Fed) is expected to reduce the pace of its current policy tightening in response to a decrease in December's inflation data. Despite the risk appetite trend, the yield on US Treasury bonds has increased to 3.50 percent and remains strong. Despite Friday's rise in U.S. Consumer Confidence numbers, the US Dollar Index stayed below 101.80.

 

The University of Michigan announced a Consumer Confidence reading of 64,6 as opposed to the anticipated 60.5. The street is aware that retail demand has slowed, thus the factor that has encouraged customers is the decrease in inflation caused by decreased gasoline costs.

 

Wells Fargo analysts observe that the respite on the inflation front and wage growth are boosting sentiment, but they caution that the still-sour buying conditions suggest the positive sentiments in this report may not transfer into a spending spree.

 

At $1,897.42, the gold price has surpassed the 61.8% Fibonacci retracement (set from March 8's high of $2,070.54 to September 28's low of $1,614.85) Upward-sloping 10- and 20-period Exponential Moving Averages (EMAs) at $1,881.49 and $1,856.40, respectively, contribute to the upward filters.

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