The US ISM announced yesterday (3rd) that the non-manufacturing index fell to 52.8 in September, the lowest since August 2016, far below the market expectation of 55, while the growth of orders and corporate activity indicators also fell sharply. The Markit data is also the same decline. The US purchasing industry purchasing index (PMI) fell to 50.9 in September, the lowest since 2010, and the US real economy is facing a recession. Not only the United States, the European Union and Japan and other advanced economies, the September service industry boom is showing very bad data, making market investors more worried about global growth slowdown and trade friction impact manufacturing, but also spread to the service industry .
The weakening of US economic data and the sharp fall in financial stock markets have all increased the pressure on the Federal Reserve to cut interest rates three times at the end of October. The market estimates that the chances of the Federal Reserve’s interest rate cut this month have risen to 75%, so today (4 The upcoming September non-farm payrolls report and unemployment rate in the United States will be key indicators for assessing the outlook for the economy and the direction of interest rates.
Forex(外汇) - Technical Analysis (Gold XAUUSD):
Today's foreign(外汇) exchange commentary gold (October 4th) early in the vicinity of 1505.3 US dollars / ounce, from the technical analysis, 1 hour level observation in line with yesterday (3rd) forecast after re-correction into the main upgrade stage, the main cause of the US service industry PMI The index also experienced a sharp decline, causing the US economy to experience recession doubts, and the demand for hedging has risen sharply, so there is a chance to correct it and then rise again.
MT4 analysis currently has a pressure range above the short-term line of 1519~1520 US dollars / ounce, the downward direction, the initial support range is 1500~1501 US dollars / ounce, the operating mentality is mainly short, and investors who want to enter the market to be shorter can consider 1507.5. USD ounces to $1,509/oz range for light positions to buy, MT4 set stop loss points can be considered to set below $1505.5 per ounce.
Forex(外汇) - Technical Analysis (EUR/USD EURUSD):
Today's foreign(外汇) exchange commentary euro/dollar (October 4th) Early in the vicinity of 1.09711, from the technical analysis, the 1-hour level observation was in line with yesterday's (3rd) forecast to rise again, the main reason is that the dollar's decline has not stabilized, making the euro revised After that, it continued to climb, so there was a chance to correct it and then rise again.
MT4 analysis currently has a pressure range above 1.09950~1.10000 in the downside direction. The initial support range is 1.09650~1.09700. The operating mentality is mainly short. Investors who want to enter the market for a short time can consider buying in the 1.09750 to 1.09790 range. In, MT4 set the stop loss point can be considered to set below 1.09685.
Forex(外汇)- Technical Analysis (GBP/USD GBPUSD):
Today's foreign(外汇) exchange commentary GBP/USD (October 4th) Early in the vicinity of 1.23373, from the technical analysis, the 1-hour line level observation trend is in line with yesterday's (3rd) forecast to break through the downward pressure line, the bottom of the strong rebound, so there is a chance Rising back to the finishing and rising again.
MT4 analysis currently has a pressure range above the short-term range of 1.24000~1.24050, the downward direction, the initial support range is 1.23200~1.23250, and the operating mentality is mainly short. Investors who want to enter the market to be shorter can consider buying in the 1.23360 to 1.23400 range. In, MT4 sets the stop loss point to consider setting below 1.23275.
Forex(外汇) - Technical Analysis (NZD/USD NZDUSD):
Today's foreign(外汇) exchange commentary NZD/USD (October 4th) Early in the vicinity of 0.62992, cut from the technical analysis, 1 hour line level observation yesterday (3rd) trend consistent with the forecast continued rebound, the current increase is more risky, so there are There will be a correction trend in the opportunity.
MT4 analysis currently has a pressure range above the short-term line of 0.63500~0.63550, the downward direction, the initial support range is 0.63100~0.63150, and the operating mentality is mainly short. Investors who want to enter the market to be shorter may consider buying in the 0.63180 to 0.63220 range. In, MT4 set the stop loss point can be considered to set below 0.63110.
Forex(外汇) - Technical Analysis (Nasdaq Index Nas100):
Today's foreign(外汇) exchange commentary Nasdaq (October 4th) Early in the morning near 7642.4, from the technical analysis, the 1-hour line level observation trend is in line with yesterday's (3rd) forecast after the deepdown, there is a rebound, the current rebound trend is not over, so there is a chance The short-term pull back again and rebounded slightly.
MT4 analysis currently has a pressure range above 7670~7690 points in the downside direction. The initial support range is 7560~7570 points. The operating mentality is mostly short. Investors who want to enter the market to be shorter will consider light in the 7600 to 7610 range. Buying a position, MT4 set the stop loss point can be considered to set below 7580.
Today's foreign(外汇) exchange key data: (data name / importance / previous value / expected)
1. US August trade account (100 million US dollars) / three stars / -540/-545
2. Non-agricultural employment population after the adjustment of the US season in September (10,000 people) / five stars / 13/14.5
3. US unemployment rate in September / five stars / 3.7% / 3.7%
For more information on Forex(外汇) and MT4, please click here to watch.
The weakening of US economic data and the sharp fall in financial stock markets have all increased the pressure on the Federal Reserve to cut interest rates three times at the end of October. The market estimates that the chances of the Federal Reserve’s interest rate cut this month have risen to 75%, so today (4 The upcoming September non-farm payrolls report and unemployment rate in the United States will be key indicators for assessing the outlook for the economy and the direction of interest rates.
Forex(外汇) - Technical Analysis (Gold XAUUSD):
Today's foreign(外汇) exchange commentary gold (October 4th) early in the vicinity of 1505.3 US dollars / ounce, from the technical analysis, 1 hour level observation in line with yesterday (3rd) forecast after re-correction into the main upgrade stage, the main cause of the US service industry PMI The index also experienced a sharp decline, causing the US economy to experience recession doubts, and the demand for hedging has risen sharply, so there is a chance to correct it and then rise again.
MT4 analysis currently has a pressure range above the short-term line of 1519~1520 US dollars / ounce, the downward direction, the initial support range is 1500~1501 US dollars / ounce, the operating mentality is mainly short, and investors who want to enter the market to be shorter can consider 1507.5. USD ounces to $1,509/oz range for light positions to buy, MT4 set stop loss points can be considered to set below $1505.5 per ounce.
Forex(外汇) - Technical Analysis (EUR/USD EURUSD):
Today's foreign(外汇) exchange commentary euro/dollar (October 4th) Early in the vicinity of 1.09711, from the technical analysis, the 1-hour level observation was in line with yesterday's (3rd) forecast to rise again, the main reason is that the dollar's decline has not stabilized, making the euro revised After that, it continued to climb, so there was a chance to correct it and then rise again.
MT4 analysis currently has a pressure range above 1.09950~1.10000 in the downside direction. The initial support range is 1.09650~1.09700. The operating mentality is mainly short. Investors who want to enter the market for a short time can consider buying in the 1.09750 to 1.09790 range. In, MT4 set the stop loss point can be considered to set below 1.09685.
Forex(外汇)- Technical Analysis (GBP/USD GBPUSD):
Today's foreign(外汇) exchange commentary GBP/USD (October 4th) Early in the vicinity of 1.23373, from the technical analysis, the 1-hour line level observation trend is in line with yesterday's (3rd) forecast to break through the downward pressure line, the bottom of the strong rebound, so there is a chance Rising back to the finishing and rising again.
MT4 analysis currently has a pressure range above the short-term range of 1.24000~1.24050, the downward direction, the initial support range is 1.23200~1.23250, and the operating mentality is mainly short. Investors who want to enter the market to be shorter can consider buying in the 1.23360 to 1.23400 range. In, MT4 sets the stop loss point to consider setting below 1.23275.
Forex(外汇) - Technical Analysis (NZD/USD NZDUSD):
Today's foreign(外汇) exchange commentary NZD/USD (October 4th) Early in the vicinity of 0.62992, cut from the technical analysis, 1 hour line level observation yesterday (3rd) trend consistent with the forecast continued rebound, the current increase is more risky, so there are There will be a correction trend in the opportunity.
MT4 analysis currently has a pressure range above the short-term line of 0.63500~0.63550, the downward direction, the initial support range is 0.63100~0.63150, and the operating mentality is mainly short. Investors who want to enter the market to be shorter may consider buying in the 0.63180 to 0.63220 range. In, MT4 set the stop loss point can be considered to set below 0.63110.
Forex(外汇) - Technical Analysis (Nasdaq Index Nas100):
Today's foreign(外汇) exchange commentary Nasdaq (October 4th) Early in the morning near 7642.4, from the technical analysis, the 1-hour line level observation trend is in line with yesterday's (3rd) forecast after the deepdown, there is a rebound, the current rebound trend is not over, so there is a chance The short-term pull back again and rebounded slightly.
MT4 analysis currently has a pressure range above 7670~7690 points in the downside direction. The initial support range is 7560~7570 points. The operating mentality is mostly short. Investors who want to enter the market to be shorter will consider light in the 7600 to 7610 range. Buying a position, MT4 set the stop loss point can be considered to set below 7580.
Today's foreign(外汇) exchange key data: (data name / importance / previous value / expected)
1. US August trade account (100 million US dollars) / three stars / -540/-545
2. Non-agricultural employment population after the adjustment of the US season in September (10,000 people) / five stars / 13/14.5
3. US unemployment rate in September / five stars / 3.7% / 3.7%
For more information on Forex(外汇) and MT4, please click here to watch.
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