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Analysis




Daily Analysis for 12 December, 2019

on 2019-12-12

The global economy has been continuing to shrink while the initial agreement between the two world economic powers, the United States and China, is stalling. The United States is expected to raise an additional 15% tax on imported products from China about $160 billion. But US President Donald Trump announced in October that the first agreement regarding the trade war would be before the end of 2020, and raised concerns over intellectual property and financial services issues as well as the purchase of US agriculture products value in $40 billion to $50 billion.

The Federal Reserve recently decided to keep its interest rates at 1.75%, and came up with the message: "The Federal Reserve expects to see an improvement in US inflation before deciding to raise interest rates." Also, the Federal Reserve used its interest rate to determine inflation growth in the United States, which is expected to rise by 2%.

International relations between the United States and North Korea were strained following last week's tensions. According to analysts, North Korea will continue to test its long-range missiles if its demand is not met.

 

 

Pivot Point: 1,474
R1: 1,485            S1: 1,469
R2: 1,492            S2: 1,460
R3: 1,502            S3: 1,453

Today’s recommendation, investors should buy gold at 1,471, setting take profit at 1,484 and stop loss at 1,463.

 

Disclaimer:
Golden FX Link Capital Co., Ltd. endeavors to ensure the accuracy and completeness of this research report. However, as the market is subject to change, the Company and our subsidiaries do not guarantee its completeness and accuracy, and the information is for reference only. Any person shall not regard such information as Golden FX Link Capital Co., Ltd. on leveraged foreign exchange, precious metals, stocks, and other financial products to provide real quotes, suggestions, solicitation and inducement of investment. Guests should be aware of the risks involved in the investment, the volatility of the investment market and the risk of loss can be very big, guests must carefully consider their own financial situation and investment purposes, to decide the direction of investment and the kind of investment products that are suitable for their owns.


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