The United States announced on Friday (4 September) that the number of non-farm workers rose by 136,000 in September, below the market expectation of 145,000. However, the unemployment rate fell to 3.5%, better than the market expectation of 3.7%. The lowest unemployment rate in the last 50 years, but the number of workers in the manufacturing sector has fallen for the first time in six months, and there is a strange divergence. Last Friday (4), Federal Reserve Chairman Powell made a speech at a meeting in Washington that the current economic situation in the US is not bad, though not everyone understands the opportunities that come with economic growth. Taking full advantage of some risks, but overall I think it is steady growth and we commit to keeping the economy as good as possible and the longer the better.
Esther George, president of the Federal Reserve Bank of Kansas, said yesterday (6) that she opposed the rate cut policy in the first two cases because the US economy described it as reasonably good, but emphasized that as the economy grows or the data slows down sharply The phenomenon, it will change its stance to flexibly adjust its position, and in turn support further interest rate cuts, so that the above comments can conclude that the Federal Reserve (Fed) the possibility of future interest rate cuts not excludes.
Forex – Technical Analysis (Gold XAUUSD):
Today's foreign exchange analysis Gold (October 7) early in the morning at $ 1512.8 / ounce. The technical analysis shows that the observation of the 1-hour level was influenced by the large non-agricultural data from last Friday (4 October). Gold fell heavily after the high. The main reason being that the unexpected unemployment rate of 3.5% in the US is better than market expectations, which significantly reduces risk aversion, so there is a chance to open a correction tape.
Currently, the pressure range above the short-term limit is $ 1512- $ 1513 / oz, the downside, the initial support range is $ 1496- $ 1497 / oz, the operating mentality is short and investors wishing to enter the short-term market can consider the $ 1506 ounce. For purchases of light department stores worth $ 1,508 per ounce, the MT4 stop-loss point can be set at over $ 1,510.5 per ounce.
Forex – Technical Analysis (EUR / USD EURUSD):
Today's foreign exchange analysis of the Euro / US dollar (7 October) near 1.09770, from the technical analysis, the 1-hour observation in line with the increase in the forecast last Friday (4th) and failed, the dollar fell to stabilize, so that the gains of the euro are over, so there is a chance to correct the market.
Currently, the pressure range above the short-term line is 1.99900 ~ 1.09950, the downside range of initial support is between 1.09600 and 1.09630, and the operating mentality is primarily short-term. Investors wishing to enter the short-term market should consider buying in the range of 1.09750 to 1.09780. The MT4 operation stop loss point can be set above 1.09850.
Forex – Technical Analysis (GBP / USD GBPUSD):
Today's Forex Analysis GBP / USD (7 October) Early near 1.23197, according to the technical analysis, the 1 hour trend in line level monitoring continues to fluctuate, the yellow circle on the reverse map is an important support key, therefore there is a possibility to touch the short-term The uptrend line recovered.
Currently, the pressure range above the short-term line is at 1.23800 ~ 1.23830, the downlink direction, the initial support range at 1.22900 ~ 1.22930, and the operating mentality is mostly short. Investors who want to enter the market to get shorter and shorter should consider buying between 1,23200 and 1,23230. The MT4 operation stop loss point can be considered to be set below 1.23099.
Forex – Technical Analysis (NZD / USD NZDUSD):
Today's Forex Analysis NZD / USD (October 7) Near 0.63156, the 1-hour observation of the line level gradually began to form a small head. The right shoulder has been completed so there is a chance to start the pullback correction.
At present, the pressure range above the short-term line is at 0.63370 ~ 0.63400, the downside, the initial support interval at 0.62900 ~ 0.62930, and the operating mentality is primarily short-term. Investors wishing to enter the short-term market should invest in Consider buying between 0.63050 and 0.63090. The MT4 operation stop loss point can be considered as set above 0.63150.
Forex – Technical Analysis (Nasdaq Index Nas100):
Today's Forex Analysis Nasdaq (October 7) Early in the morning near 7698.7, from the technical analysis, the 1-hour observation trend continues to rise, in line with the forecast from last Friday (4th), by the technical Side can clearly see the formation of the symmetrical shape Therefore, there is the possibility to return to the middle rail support and then rise again.
Currently, the pressure range above the short-term line is at 7770 ~ 7780 points, the downlink direction, the initial support interval at 7670 ~ 7680 points, and the operational mentality is mostly short. Investors wishing to enter the market to make more short positions may consider buying in the range of 7705 to 7720. It can be assumed that the MT4 stop-loss point is less than 7690.
Today's currency key data: data name / importance / previous value / expected
1. UK September Halifax seasonally adjusted house price index monthly rate / three stars / 0.3% / 0.1%
2. Sentix Eurozone Investor Confidence Index for October / Three Stars / -11.1 / -13
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