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    • By jerry0821
      Fundamental review
      With the approaching of October 31, the British Prime Minister Johnson became more and more aware that the possibility of leaving the EU after the agreement with the EU has been declining,
      so he began to prepare for "no agreement to leave the EU." However, on Wednesday, the situation of Brexit is changing again.
      The Johnson Administration and the "rebel" members of the hard-off Brex have once again confronted each other. Originally, Johnson planned to prevent the parliament from obstructing "no agreement to leave the European Union" by extending the parliamentary recess time, but the British parliament shattered Johnson's hard-fashioned fantasy and passed 328 to 301 votes for the opposition and the Conservative Party.
      The proposed motion to prevent Johnson from leaving the EU without a deal made it impossible for Johnson to easily complete the "no agreement to leave the European Union" during the parliamentary recess.

      Forex technical analysis GBPUSD GBP/USD

      After the “bottom divergence” sign on the daily line of Macd, the pair achieved a bottoming out. On the previous trading day, the K line pulled up nearly 200 points. However, it should be noted that the top is still suppressed by the 30-day moving average, so the bullish rebound is expected to be resisted. In the daytime, the key pressure above the MT4 observation is at 1.2310, and if it breaks, it may look further at 1.2370.
      Forex technical analysis XAUUSD gold

      The gold price broke through the shock box on the last trading day and entered the uptrend channel. Today, the Asian market was in early trading, and the price rebounded again by the lower rail support. The initial pressure was at 1547.7 of the Pivot central axis. Intraday investors need to pay attention to the fact that multiple periods of Macd have shown signs of “top divergence” after the Asian market price correction. Therefore, if the price fails to test 1547.7 multiple times, it is necessary to consider using MT4 multiple single departure to prevent rapid price callback.
      Forex technical analysis USDJPY USD/JPY

      Yesterday, the US market, the K line broke through the shock channel, and stepped back to confirm, so in the short term, the bulls may have an advantage. The MT4 observes the 1 hour level, and the cycle averages are re-turned to support, while the Macd returns to the 0-axis after opening the gold fork. In the daytime, it is still possible to consider establishing a short-term multi-storage based on the support below, with an initial support of 106.53 below, further supporting 106.32.
      Focus event
      1.Number of layoffs in the US challenger in August
      2.US ADP employment in August
      3.Number of people claiming unemployment benefits from the US to August 31
      4.US August Markit service industry PMI final value
      5.US July factory order monthly rate
      6.US August ISM non-manufacturing PMI
      7.EIA crude oil inventories for the week from August 30 to August 30
      More info Forex / MT4
    • By jerry0821
      According to the Bank for International Settlements (BIS), central banks around the world have cut interest rates by 32 times this year to alleviate the impact of Sino-US trade friction. However,
      the market price on the interest rate swap contract shows that the global central bank's cycle of interest rate cuts may be just beginning. However, it is important to note that while the central bank is cutting interest rates, it also regains the overall prudential tool to reduce the risk of excessive capital expansion.
      Market analysts and traders expect the global central bank to cut interest rates again.
      If the central bank is entering a monetary easing policy, the number of global central bank interest rate cuts will be as high as 58 in the next year, which translates to a global interest rate drop of about 16%. It is necessary to ensure that the flow of funds is used in places where real demand is desired,in order to play a role in stabilizing the economy.
      Forex-Technical Analysis (Gold XAUUSD):

      Forex analysis today gold (September 6) early in the morning at 1517.1 US dollars / ounce, from the technical analysis, 1 hour level observation trend yesterday (5th) by ADP data significantly better than the foreign exchange market expectations, making the negative gold fell below All chip support fell by $40/oz, so there is a chance of a slight rebound after the deepdown.
      At present, the pressure range above the short-term line is located at 1522~1522.5 US dollars/ounce, in the downward direction, the initial support range is 1508~1508.5 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 1511.5 US dollars. For short-term purchases in the $1514/oz range,
      the MT4 operating stop-loss point can be considered to be set below $1508.5 per ounce.
      Forex -Technical Analysis (EUR/USD EURUSD):

      Forex analysis today EUR/USD (September 6th) Early in the morning near 1.10375, cut from the technical analysis, 1 hour level observation trend yesterday (5th) V-shaped reversal. A sharp rise immediately pulled back the correction, so there is a chance to correct it and then rise again.
      At present, the pressure range above the short-term line is located at 1.10750~1.10800, the downward direction, the initial support interval is 1.10200~1.10250, and the operation mentality is mostly short. Investors who want to enter the market for a short time may consider buying in the 1.10280 to 1.10320 range. The MT4 operation stop loss point can be considered to be set below 1.10210.
      Forex -Technical Analysis (GBP/USD GBPUSD):

      Forex analysis today GBP/USD (September 6th) Early in the vicinity of 1.23233, from the technical analysis, the 1-hour line level observation trend is forming the fifth wave of wave theory, while the K-bar is close to the Bollinger Middle Track to maintain the middle and upper rails. Between, therefore there is a chance to continue to rise.
      At present, the pressure range above the short-term line is located at 1.23650~1.23700, the downward direction, the initial support range is 1.22950~1.23000, and the operation mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.23200 to 1.23250 range. The MT4 operation stop loss point can be considered to be set below 1.23001.
      Today's key data:
      1.Germany's July seasonally adjusted industrial output monthly rate
      2.French July trade account (100 million euros)
      3.UK August Halifax seasonally adjusted house price index monthly rate
      4.Eurozone second quarter quarterly adjusted employment rate
      5.Eurozone second quarter GDP annual rate correction
      6.Non-agricultural employment in the United States in August
      7.US unemployment rate in August
      More information Forex and MT4
    • By AMarkets
      Dear forum guests,
      In this thread, we are planning to place daily market analysis and forecast by AMarkets. 
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