The President appointed by the European Central Bank (ECB), Lagarde, said the current challenge of streamlining the European Central Bank (ECB) policy has not gone away. The economy of the euro area was facing recent risks, mainly related to external factors. Inflation was also continuing. the central bank, it agrees with the Commission that it would be necessary to adopt an extremely accommodative policy for a long time in order to bring inflation back to the original target of 2%.
Forex Technical Analysis (Gold XAUUSD):
Forex Analytics today gold (5 September) early morning at 1552.6 US dollars / ounce, MT4 technical analysis, trend of level observation at 1 pm yesterday (4th) by the dollar continued to s & US bond yields have hit a new low, causing gold to soar The market has hit a new high this year, so there will be a chance to recover in the morning.
At present, the pressure range above the short-term line is between US $ 1554 and US $ 1554.5 / oz. In the downward direction, the initial support range is between 1540 and 1540.5 US dollars / ounce. The mentality of operation is mainly short. Investors wishing to enter the market for a short period may consider the price of 1542.5 US dollars. For the light warehouse purchase range of 1545.1 US dollars / ounce, the MT4 stop operation point can be considered defined below 1540.1 US $ / oz.
Forex Technical Analysis (EUR / USD EURUSD):
Forex Analyzes Today EUR / USD (September 5) Early morning at 1.10338, technical analysis MT4, trend of level observation at one o'clock in line with the market yesterday (4th ), the dollar has continued to weaken, leaving a chance to pull out and then climb again.
At the present time, the pressure range above the short-term line is between 1.10650 and 1.10700, the downward direction, the initial support interval is 1.00950 to 1,10000 and the operation mentality is mainly short. Investors wishing to enter the market for a short period may consider buying between 1.10200 and 1.10250. It can be considered that the stop point of the MT4 operation is defined below 1.10140.
Forex Technical Analysis (GBP / USD GBPUSD):
Forex Analyzes Today GBP / USD (September 5) Early in the vicinity of 1.22500, MT4 technical analysis, the trend of observation at the line level over 1 hour formed a vast V-market, K stick continued to maintain the middle and upper bars of the Bollinger Band, It belongs to a multi-party model, so there is a chance to withdraw and get up.
At present, the pressure range above the short-term line is between 1.23050 and 1.23100, the initial support direction is 1.21850 to 1.21900, and the operational mindset is usually short. Investors wishing to enter the market over a short period may consider buying from 1.22250 to 1.22300. The point of loss of operation stoppage of the MT4 can be considered to be less than 1.22140.
The key data of the day:
1.US August Challenger Corporate layoffs (10,000 people)
2. ADP job in August (10,000 people)
3.The number of people claiming unemployment benefits in the United States until August 31 (10,000)
Final value of the service sector PMI 4.August Markit
5. Monthly rate of the factory order in July
6.USM August ISM non-manufacturing PMI
7. United States crude oil EIA stocks (10,000 barrels) as of August 30
More Forex and MT4 information