On Thursday, the European Central Bank will announce the latest interest rate decision. With the continued decline in data such as manufacturing PMI and the Fed’s shift towards monetary policy, the bank has also changed the idea of “increasing interest rates” at the beginning of the year. Monetary policy. The current market expects the probability of the ECB to cut interest rates in September is close to 100%. At the same time, the market president also expects the bank to continue to decline in the future, as the president-elect Lagarde has repeatedly expressed his 'doves' image in his speech.
forex - Technical Analysis XAUUSD Gold
Since the second half of last week, the price has fallen below the upside channel and has quickly fallen back. In the 1 hour chart, the price is currently below the intraday Pivot axis 1312.46, but for the bulls, the bottom divergence in the Macd chart may be a positive sign. In the short-term, the price may rebound with the support of 1503, but the upper rebound space depends on whether the price can break through 1312.46. If the effective breakthrough, it may further look at the 1322.3 line, which can be operated through MT4.
forex - Technical Analysis USDJPY USD/JPY
After the opening bell today, the price gap opened lower, and Macd continued to fall back to the 0-axis. However, in terms of the trend, although the price increase has slowed down, it remains above the 30-hour moving average, proving that the bullish momentum has not dissipated. In the day, the 106.75 where 30 hours is located will become the key support. If the break is over, the upward trend of this round will end. On the upside, the MT4 observation support will be at 107.13. If it can effectively break through, the upper space will be opened and the price is expected to rise further to 107.35.
forex - Technical Analysis UKOUSD Brent
After the opening of the market today, the oil price continued its upward trend, but the upper part will soon hit the key pressure zone of 62.85-63.00. This position is not only the high point of the previous band, but also the position of the rising band Fibo expansion line 61.8%. If the price can break through this range,
MT4 trend observation 'N-shaped' rebound, further pressure above is located at 63.89
Today's focus event
1.Germany's July quarterly trade account and current account
2.France August BOF Business Confidence Index
3.UK July season adjusted commodity trade account
4.UK monthly monthly GDP rate in July
5.UK industrial and manufacturing output monthly rate in July
6.Eurozone September Sentix Investor Confidence Index
forex - Technical Analysis XAUUSD Gold
Since the second half of last week, the price has fallen below the upside channel and has quickly fallen back. In the 1 hour chart, the price is currently below the intraday Pivot axis 1312.46, but for the bulls, the bottom divergence in the Macd chart may be a positive sign. In the short-term, the price may rebound with the support of 1503, but the upper rebound space depends on whether the price can break through 1312.46. If the effective breakthrough, it may further look at the 1322.3 line, which can be operated through MT4.
forex - Technical Analysis USDJPY USD/JPY
After the opening bell today, the price gap opened lower, and Macd continued to fall back to the 0-axis. However, in terms of the trend, although the price increase has slowed down, it remains above the 30-hour moving average, proving that the bullish momentum has not dissipated. In the day, the 106.75 where 30 hours is located will become the key support. If the break is over, the upward trend of this round will end. On the upside, the MT4 observation support will be at 107.13. If it can effectively break through, the upper space will be opened and the price is expected to rise further to 107.35.
forex - Technical Analysis UKOUSD Brent
After the opening of the market today, the oil price continued its upward trend, but the upper part will soon hit the key pressure zone of 62.85-63.00. This position is not only the high point of the previous band, but also the position of the rising band Fibo expansion line 61.8%. If the price can break through this range,
MT4 trend observation 'N-shaped' rebound, further pressure above is located at 63.89
Today's focus event
1.Germany's July quarterly trade account and current account
2.France August BOF Business Confidence Index
3.UK July season adjusted commodity trade account
4.UK monthly monthly GDP rate in July
5.UK industrial and manufacturing output monthly rate in July
6.Eurozone September Sentix Investor Confidence Index
