DATA AVERAGE HOURLY EARNINGS AND NON-FARM EMPLOYMENT CHANGE AS SO MARKET FOCUS
The dollar rose to a three-week high on Friday, lifted by hopes that a protracted trade dispute between the United States and China will soon be resolved.
US data The Average Hourly Earnings and Non-Farm Employment Change that will be released starting at 19:30 WIB will be a sentiment towards the dollar and will have a direct effect on the price of gold.
Movement Potential
GOLD
Gold prices have a chance to move up to test resistance in the short term at the level of 1298 - 1305. However, the price of gold has the potential to be depressed if the US Average Hourly Earnings and Non-Farm Employment Change data is released better than the estimated test support at 1285 - 1282.
OIL
Oil prices have the potential to move down to test the support level at 61.55 - 61.20 following the rise in US oil reserves that are likely to flood the market. But a better outlook from US-China trade negotiations and OPEC production negotiations has the chance to re-increase oil prices to test resistance at 62.50 - 63.00.
EURUSD
EURUSD has the potential to be stressed to test the support level if German Industrial Production data is released lower than expected, 1.1190 - 1.1170, failing to break the support level EURUSD has the potential to test the resistance at 1.1255 - 1.1280.
GBPUSD
Depressed by concerns that the UK may be heading towards a protracted delay in Brexit GBPUSD has the chance to move down to test the support level at 1.3010 - 1.2975. GBPUSD resistance is in the range of 1.3120 - 1.3160.
USDJPY
Speculation that the United States and China are close to a trade agreement that could end the tariff war that supports the USDJPY testing resistance levels at 112.10 - 112.30. USDJPY support is at the level of 111.20 - 111.00.
AUDUSD
AUDUSD has a chance to move up to test the resistance level at 0.7145 - 0.7170 because it is supported by advances in US-China trade negotiations, failing to break the resistance level has the potential to pressure AUDUSD to test the support level at 0.7080 - 0.7050.