The European Central Bank (ECB) president nominee Lagarde...

The European Central Bank (ECB) president nominee Lagarde mentioned that the European Central Bank's (ECB) current policy stance rationalization challenge has not disappeared, the eurozone economy faces some recent risks, mainly related to external factors, inflation is also continuing Below the target set by the central bank, she agreed with the Commission's view that it would be necessary to adopt a highly accommodative policy for a considerable period of time in order to return inflation to the original inflation target of 2%.

Forex-Technical Analysis (Gold XAUUSD):

Forex analysis today gold (September 5) early in the morning at 1552.6 US dollars/ounce, MT4 technical analysis, 1 hour level observation trend yesterday (4th) by the dollar continued to weaken, the US bond yields hit a new low, making gold soar The market hit a new high this year, so there will be a chance to rise again in the morning.At present, the pressure range above the short-term line is located at 1554~1554.5 US dollars/ounce. In the downward direction, the initial support range is 1540~1540.5 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 1542.5 US dollars. To the 1545.1 US dollars/ounce range of light warehouse buy, MT4 operation stop loss point can be considered set below 1540.1 US dollars/ounce.

Forex-Technical Analysis (EUR/USD EURUSD):

Forex analysis today EUR/USD (September 5th) Early in the morning at 1.10338, MT4 technical analysis, 1-hour level observation trend in line with yesterday (4th) market, the dollar continued to weaken, so there is a chance to pull back and then rise again.At present, the pressure range above the short-term line is located at 1.10650~1.10700, the downward direction, the initial support interval is 1.00950~1.10000, and the operation mentality is mainly short. The investors who want to enter the market for a short time may consider buying in the 1.10200 to 1.10250 area. The MT4 operation stop loss point can be considered to be set below 1.10140

Forex-Technical Analysis (GBP/USD GBPUSD):

Forex analysis today GBP/USD (September 5th) Early in the vicinity of 1.22500, MT4 technical analysis, 1 hour line-level observation trend formed a large V reversal market, K stick continued to maintain the middle and upper rails of the Bollinger Band, It belongs to a multi-party pattern, so there is a chance to pull back and rise again.At present, the pressure range above the short-term line is located at 1.23050~1.23100, the downward direction, the initial support range is 1.21850~1.21900, and the operational mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.22250 to 1.22300 range. The MT4 operation stop loss point can be considered to be set below 1.22140.Today's key data:1.US August Challenger Corporate layoffs (10,000 people)2.US ADP employment in August (10,000 people)3.The number of people claiming unemployment benefits in the US until August 31 (10,000)4.US August Markit service industry PMI final value5.US factory order monthly rate in July6.US August ISM non-manufacturing PMI7.EIA crude oil inventories (10,000 barrels) from the US to August 30

More information Forex and MT4