![\"support](\"https:\/\/shared.gighl.com\/Morning-Pictures-2020\/1-January-20\/30-01-2020\/XAUUSD%201%20Hour%20chart%2030-1%20XAU.PNG\")
<\/p>\nYesterday, the\u00a0FOMC decided<\/b>\u00a0unanimously to keep unchanged its current\u00a0federal funds rate at +1.5% to +1.75% percent<\/b>. The most positive comment made in the\u00a0 <\/b>\u00a0was regarding the labor market remaining rather strong with the unemployment rate remaining at all time low levels. Some points in the statement that indicated questionable results were regarding investment and exports that remained weak. The weakness may have been due to uncertainty in the previous months on the US Sino trade matter. However, those risks at the moment are diminishing. Also, the FOMC seems determined to bring the\u00a0inflation rate back to its target 2%<\/b>\u00a0as any level below that may not be considered appropriate by the\u00a0FED<\/b>. According to the FED some signs of\u00a0global economic rebound<\/b>\u00a0have appeared. In addition, Chairman Jerome Powell stated that the\u00a0\u30b3\u30ed\u30ca\u30a6\u30a4\u30eb\u30b9<\/b>\u00a0is a very serious issue and could to have some\u00a0negative impact on China\u2019s economy<\/b>\u00a0while the negative effects could also spread around the world as the matter creates a lot of uncertainty. The\u00a0USD moved lower<\/b>\u00a0sending Gold\u2019s price higher during Fed\u2019s\u00a0Chair J. Powell\u00a0<\/b>speech while the effect continued today in the European morning.\u00a0XAU\/USD<\/b>\u00a0has been moving in a sideways motion between the (R1) 1585.40 level and the (S1) 1567.70 level since the start of the current week. Even though the (S1) was tested and breached to the downside yesterday, as the FED meeting got closer Gold\u2019s price seemed to have\u00a0bullish tendencies\u00a0<\/b>possibly displaying investors anticipation of the event. If the precious metal continues to climb, then it could reach our (R1) 1585.40 level that was tested on the 27th of January. The next possible stops higher could be initially the (R2) 1593.00 line and even higher the (R3) 1610.60 level keeping in mind that the 1600 psychological threshold also exists. Please note the\u00a0US GDP advanced rate<\/b>\u00a0to be released today in the European afternoon could impact Gold\u2019s price and so caution is advised.<\/p>\nBrexit\u2019s final steps and UK\u2019s 5G plans.<\/h3>\n
During the morning European session, we get from the Switzerland the KOF Indicator for January as well as Germany\u2019s Employment data for January. Some hours later we also get the Eurozone\u2019s Business Climate, Economic Sentiment, and Consumer sentiment all for January. During the European mid-day BOE\u2019s Interest decision will take place while in the European afternoon, we also get the German HICP rates. In addition, in the American session, we get the US GDP Advance rate for Q4 and the Initial Jobless Claims.<\/p>\n
During the European session, we get from the UK the nationwide HPI rate for January as well as Germany\u2019s GfK consumer sentiment for January. In the American session, we get the US the trade balance figure, the pending home sales rate both for December and while later on we get the EIA crude oil inventories figure.<\/p>\n
XAU\/USD 1 Hour chart<\/b><\/p>\n
<\/p>\n
Support: 1567.70 (S1), 1554.20 (S2), 1539.40 (S3)
\nResistance: 1585.40 (R1), 1593.00 (R2), 1610.60 (R3)<\/b><\/p>\n
GBP\/USD 4 Hour chart<\/b><\/p>\n
![\"support](\"https:\/\/shared.gighl.com\/Morning-Pictures-2020\/1-January-20\/30-01-2020\/GBPUSD%204%20Hour%20chart%2030-1.PNG\")
<\/p>\n
Support: 1.3015 (S1), 1.2820 (S2), 1.2600 (S3)
\nResistance: 1.3170 (R1), 1.3340 (R2), 1.3500 (R3)<\/b><\/p>\n
![\"Benchmark\/30-01-2020\"](\"https:\/\/shared.gighl.com\/Morning-Pictures-2020\/1-January-20\/30-01-2020\/Benchmark.PNG\")
<\/p>\n
![\"Table\/30-01-2020\"](\"https:\/\/shared.gighl.com\/Morning-Pictures-2020\/1-January-20\/30-01-2020\/tABLE.PNG\")
<\/p>","protected":false},"excerpt":{"rendered":"
Yesterday, the\u00a0FOMC decided\u00a0unanimously to keep unchanged its current\u00a0federal funds rate at +1.5% to +1.75% percent. The most positive comment made<\/p>","protected":false},"author":15,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_daim_seo_power":"","_daim_enable_ail":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-14345","post","type-post","status-publish","format-standard","hentry","category-uncategorized","blog-category-financial-news","entry"],"acf":[],"yoast_head":"\n