The US Federal Reserve in New York has placed an order for Treasury bonds made by the Federal Open Market Committee (FOMC) in the secondary market, in which more than $ 80 billion in cash plans will be disbursed. Bonds were purchased within 30 days from August 14, 2020 to September 14, 2020.

It should be recalled that between August 14 and 27, 2020, the Federal Open Market Committee plans to have orders for up to $ 80 billion in National Treasury bonds, but as a result of the orders. From the central bank is only $ 40 billion, which is a positive sign of the economic process.

The U.S. Employment Trends Index, according to the latest data released on Tuesday, September 9, indicates that the results achieved in August continue to rise steadily in last four months, data from the US Conference Council.

According to data during July 2020, the employment trend rose to 51.37, while the next month’s data continued to rise to 52.55.

The rise in employment trends is not surprising if we look at data released by the Bureau of Labor Statistics last weekend showing that the US economy has started to recover. It created 1.37 million jobs by August 2020 and reduced the unemployment rate to 8.4 percent.

Pivot Point:1922

R1: 1938                      S1: 1909

R2: 1951                      S2: 1893

R3: 1967                     S3: 1880

Today forecast, investor should make a short position in product XAUUSDx at current price of 1950 by setting take profit at 1900 and stop loss at 1985.

Analyzed by: Mr. Long Samnang,Independent Analyst