The United States yesterday (22nd) announced that the Markit Manufacturing Purchasing Managers Index (PMI) fell to 49.9 in August, the first time since September 2009 that it was below the symbolic economic boom below 50, indicating that the economic climate is in a period of shrinking. On the other hand, the Eurozone's August Markit manufacturing PMI index rose slightly to 47 from last month, but it has been shrinking for seven consecutive months, but the contraction rate has slowed down. At the same time, the German manufacturing industry is quite bleak. August manufacturing PMI The index came to 43.6, which continued to shrink for the eighth consecutive month. The overall new orders index fell to 47.7 from July 48.9, hitting the lowest point since April 2013, indicating that the order decline was the largest in six years.
The focus of the market today, due to the minutes of the Federal Reserve (Fed) meeting, although there are adjustments to cut interest rates, but the decision-making officials stand out, highlighting the Fed's chances of continued interest rate cuts in the future, the market's expectations for further monetary easing policy Under pressure, the public talk of the Federal Reserve’s Chairman, Powell, tonight will be a key clue to whether to continue to cut interest rates in the second half of the year.
MT4 Technical Analysis (Gold XAUUSD):
Today's gold (August 23) early in the vicinity of 1498.6 US dollars/ounce, from the technical analysis, the 4-hour level of observations challenged the gold return level of 0.382 failed, and formed a small decline channel, so there is a chance to continue to fall to find 0.236 support level
From the MT4, the pressure range above the short-term line is located at 1500~1500.5 US dollars/ounce, the downward direction, the initial support range is 1486~1486.5 US dollars/ounce, and the operation mentality is short-term. The investors who want to enter the short-term market may consider From $1,495 to $1497.5 per ounce, you can buy a light position. The stop loss can be set above $1499.5 per ounce and can be set using MT4.
MT4 Technical Analysis (EUR/USD EURUSD):
Today's EUR/USD (August 23) Early in the morning near 1.10787, from the technical analysis, the 1-hour level observation trend quickly pulled back, once again entered the bottoming process, gradually forming multiple bottom forms, so there is a chance to brew the next paragraph The rebound in the market.
From MT4, the pressure range above the short-term line is located at 1.10950~1.11000, the downward direction, the initial support range is 1.10650~1.10700, and the operation mentality is mainly short. Investors who want to enter the market for a short time can consider the light warehouse in the range of 1.10750 to 1.10800. Buy, stop loss can be considered to set below 1.10680, you can use MT4 to set.
MT4 Technical Analysis (GBP/USD GBPUSD):
Today's GBP/USD (August 23) Early in the morning at 1.22527, from the technical analysis, the 1 hour line-level observation trend was completed, successfully broke through all the pressure chips, made a spurt of the rise, so there is a chance to pull a small After the correction, it will rise again.
From the MT4, the pressure range above the short-term line is located at 1.22750~1.22800, the downward direction, the initial support range is 1.22050~1.22100, and the operating mentality is mainly short. Investors who want to enter the market for a short time can consider the light warehouse in the range of 1.22180 to 1.22220. Buy, stop loss points can be considered to set below 1.22100, you can use MT4 to set.
MT4 Technical Analysis (Nasdaq Index Nas100):
Today's Nasdaq (August 23) early in the morning near 7698, from the technical analysis, the 1 hour line-level observation trend high point formed a turbulent trend, two times have not broken through the highest point, the bulls are weak, will form the head and shoulders top standard type, so Have the opportunity to pull back to correct the trend after the rallies.
At present, the pressure range above the short-term line is located at 7770~7780 points, the downward direction, the initial support range is from 7645 to 7655 points, and the operation mentality is short-term. The investors who want to enter the market to make short-term positions can consider buying in the 7740 to 7750 range. In, the stop loss point can be set above the 7770, which can be set using MT4.
The focus of the market today, due to the minutes of the Federal Reserve (Fed) meeting, although there are adjustments to cut interest rates, but the decision-making officials stand out, highlighting the Fed's chances of continued interest rate cuts in the future, the market's expectations for further monetary easing policy Under pressure, the public talk of the Federal Reserve’s Chairman, Powell, tonight will be a key clue to whether to continue to cut interest rates in the second half of the year.
MT4 Technical Analysis (Gold XAUUSD):
Today's gold (August 23) early in the vicinity of 1498.6 US dollars/ounce, from the technical analysis, the 4-hour level of observations challenged the gold return level of 0.382 failed, and formed a small decline channel, so there is a chance to continue to fall to find 0.236 support level
From the MT4, the pressure range above the short-term line is located at 1500~1500.5 US dollars/ounce, the downward direction, the initial support range is 1486~1486.5 US dollars/ounce, and the operation mentality is short-term. The investors who want to enter the short-term market may consider From $1,495 to $1497.5 per ounce, you can buy a light position. The stop loss can be set above $1499.5 per ounce and can be set using MT4.
MT4 Technical Analysis (EUR/USD EURUSD):
Today's EUR/USD (August 23) Early in the morning near 1.10787, from the technical analysis, the 1-hour level observation trend quickly pulled back, once again entered the bottoming process, gradually forming multiple bottom forms, so there is a chance to brew the next paragraph The rebound in the market.
From MT4, the pressure range above the short-term line is located at 1.10950~1.11000, the downward direction, the initial support range is 1.10650~1.10700, and the operation mentality is mainly short. Investors who want to enter the market for a short time can consider the light warehouse in the range of 1.10750 to 1.10800. Buy, stop loss can be considered to set below 1.10680, you can use MT4 to set.
MT4 Technical Analysis (GBP/USD GBPUSD):
Today's GBP/USD (August 23) Early in the morning at 1.22527, from the technical analysis, the 1 hour line-level observation trend was completed, successfully broke through all the pressure chips, made a spurt of the rise, so there is a chance to pull a small After the correction, it will rise again.
From the MT4, the pressure range above the short-term line is located at 1.22750~1.22800, the downward direction, the initial support range is 1.22050~1.22100, and the operating mentality is mainly short. Investors who want to enter the market for a short time can consider the light warehouse in the range of 1.22180 to 1.22220. Buy, stop loss points can be considered to set below 1.22100, you can use MT4 to set.
MT4 Technical Analysis (Nasdaq Index Nas100):
Today's Nasdaq (August 23) early in the morning near 7698, from the technical analysis, the 1 hour line-level observation trend high point formed a turbulent trend, two times have not broken through the highest point, the bulls are weak, will form the head and shoulders top standard type, so Have the opportunity to pull back to correct the trend after the rallies.
At present, the pressure range above the short-term line is located at 7770~7780 points, the downward direction, the initial support range is from 7645 to 7655 points, and the operation mentality is short-term. The investors who want to enter the market to make short-term positions can consider buying in the 7740 to 7750 range. In, the stop loss point can be set above the 7770, which can be set using MT4.
