British Prime Minister Boris Johnson’s government yesterday (28th) directly asked Queen Elizabeth II to order the closure of the parliament. The Queen, who is currently on vacation, has agreed to adjourn the meeting for five weeks and is scheduled to resume Congress on October 14th. There are 17 days left. After the Queen’s agreement to close the parliament, hundreds of British people gathered outside the parliament last night, holding anti-Euro slogans and the EU flag to express protests, and launched a signing campaign on the Internet not to close the parliament. The signer has already Breaking through a million people.
The focus back to the US 2-year bond yield is 5.3 basis points higher than the 10-year bond yield, which is the largest since March 2007. The intraday spread on yesterday (28th) continued to expand to 6.2 basis points. Before August, the last time the yield curve was upside down occurred in December 2005, two years after the global financial crisis and economic recession. Therefore, the market must be strict about whether the future interest rate policy of the Federal Reserve can predict the future prospects of the economy next year.
MT4 Technical Analysis (Gold XAUUSD):
Using MT4 observation, today's gold (August 29) early in the morning at 1539.7 US dollars / ounce, from the technical analysis, the 4-hour level observation trend began to shrink, forming a short-term flag-type trend, must pay attention to break or break Therefore, according to the opening of Brin, there is a chance to make an upward breakthrough.
At present, the pressure range above the short-term line is located at 1553~1553.5 US dollars/ounce. In the downward direction, the initial support range is 1533~1533.5 US dollars/ounce. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the price of 1539 US dollars. To the 1542.5 US dollars/ounce range of light warehouse buy, use the MT4 stop loss point can be set to 1537.5 US dollars/ounce below.
MT4 Technical Analysis (EUR/USD EURUSD):
Using MT4 to observe, today's EUR/USD (August 29th) early in the morning near 1.10769, cut in from the technical analysis, the 1-hour level observation trend formed a standard sub-channel quite neat, but now comes to the bottom chip range, there is a chance to stop At the end of the day, there is a chance to make a final increase.
Using MT4 observation, the pressure range above the short-term line is located at 1.11100~1.11150, the downward direction, the initial support interval is 1.10700~1.10750, and the operating mentality is mainly short. Investors who want to enter the market to be shorter may consider light in the range of 1.11790 to 1.11820. Buying a position, stop loss can be used MT4 can be considered to set below 1.10740.
MT4 Technical Analysis (GBP/USD GBPUSD):
Using MT4 to observe, today's GBP/USD (August 29) was near 1.22040 in early trading. From the technical analysis, the 1-hour line-level observation was affected by the news that British Prime Minister Johnson requested the closure of the parliament yesterday, which made the pound reappear. After a deep decline, it rebounded slightly, so there is a chance to continue to explore.
At present, the pressure range above the short-term line is located at 1.22250~1.22300, the downward direction, the initial support range is 1.21750~1.21800, and the operational mentality is mainly short-term. Investors who want to enter the short-term market may consider buying in the 1.22000 to 1.22050 range. The stop loss point can be considered to be set above 1.22160.
The focus back to the US 2-year bond yield is 5.3 basis points higher than the 10-year bond yield, which is the largest since March 2007. The intraday spread on yesterday (28th) continued to expand to 6.2 basis points. Before August, the last time the yield curve was upside down occurred in December 2005, two years after the global financial crisis and economic recession. Therefore, the market must be strict about whether the future interest rate policy of the Federal Reserve can predict the future prospects of the economy next year.
MT4 Technical Analysis (Gold XAUUSD):
Using MT4 observation, today's gold (August 29) early in the morning at 1539.7 US dollars / ounce, from the technical analysis, the 4-hour level observation trend began to shrink, forming a short-term flag-type trend, must pay attention to break or break Therefore, according to the opening of Brin, there is a chance to make an upward breakthrough.
At present, the pressure range above the short-term line is located at 1553~1553.5 US dollars/ounce. In the downward direction, the initial support range is 1533~1533.5 US dollars/ounce. The operation mentality is mainly short. The investors who want to enter the market for a short time can consider the price of 1539 US dollars. To the 1542.5 US dollars/ounce range of light warehouse buy, use the MT4 stop loss point can be set to 1537.5 US dollars/ounce below.
MT4 Technical Analysis (EUR/USD EURUSD):
Using MT4 to observe, today's EUR/USD (August 29th) early in the morning near 1.10769, cut in from the technical analysis, the 1-hour level observation trend formed a standard sub-channel quite neat, but now comes to the bottom chip range, there is a chance to stop At the end of the day, there is a chance to make a final increase.
Using MT4 observation, the pressure range above the short-term line is located at 1.11100~1.11150, the downward direction, the initial support interval is 1.10700~1.10750, and the operating mentality is mainly short. Investors who want to enter the market to be shorter may consider light in the range of 1.11790 to 1.11820. Buying a position, stop loss can be used MT4 can be considered to set below 1.10740.
MT4 Technical Analysis (GBP/USD GBPUSD):
Using MT4 to observe, today's GBP/USD (August 29) was near 1.22040 in early trading. From the technical analysis, the 1-hour line-level observation was affected by the news that British Prime Minister Johnson requested the closure of the parliament yesterday, which made the pound reappear. After a deep decline, it rebounded slightly, so there is a chance to continue to explore.
At present, the pressure range above the short-term line is located at 1.22250~1.22300, the downward direction, the initial support range is 1.21750~1.21800, and the operational mentality is mainly short-term. Investors who want to enter the short-term market may consider buying in the 1.22000 to 1.22050 range. The stop loss point can be considered to be set above 1.22160.
