Last Friday (27th), international oil prices fell back to the rising point on September 13, and the weekly line also showed a blackout. The main reason was that the recovery of production in Saudi Arabian oilfields was faster than market expectations, while investors Concerned about the slowdown in Chinas economic growth, and then worried about the weak global demand for crude oil. On the other hand, Iranian President Rohani said that, like the United States proposed to lift economic sanctions against Iran in exchange for holding talks, international oil prices fell, but US President Trump subsequently responded by rejecting Iran’s request, causing oil prices to fall after the intraday price collapse. There was a retaliatory rebound.
In the future economic outlook, former Federal Reserve Chairman Yellen said that based on the three major factors of population, education and productivity, the Feds current forecast of long-term economic growth in the United States may be too optimistic. She said that in terms of population structure, the population growth of the United States has been slowing down in recent years, resulting in a labor force growth rate of only about 0.5%. The improvement of labor education level is helpful to boost economic growth, but the current growth rate is not like the past. It is fast, so the future direction of monetary policy may have to be more cautious.
Forex(外汇) - Technical Analysis (Gold XAUUSD):
Todays foreign(外汇) exchange analysis gold (September 30) early in the morning at 1494.9 US dollars / ounce, from the technical analysis, 1 hour level observation trend above the pressure chip, the bottom has strong support, and gradually form a decline channel correction trend, so there is a chance Pull back again after the rebound.
At present, the pressure range above the short-term line is located at 1505~1505.5 US dollars/ounce, the downward direction, the initial support range is 1490~1490.5 US dollars/ounce, and the operation mentality is short-term. The investors who want to enter the short-term market can consider the price of 1502 US dollars. To buy a light warehouse at $1504/oz, the MT4 can be set to stop above $1505/oz.
Forex(外汇) - Technical Analysis (EUR/USD EURUSD):
Todays foreign(外汇) exchange analysis of the euro / US dollar (September 30) Early in the vicinity of 1.09409, cut from the technical analysis, 1 hour level observation is in line with last Friday (27th) forecast bottom rebound, the current Bollinger channel shrink correction, so there is a chance Brin’s opening continued to bounce back.
At present, the pressure range above the short-term line is located at 1.09800~1.09850, the downward direction, the initial support interval is 1.09200~1.09250, and the operating mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.09350 to 1.09390 range. MT4 operation stop loss point can be considered to set below 1.09280.
Forex(外汇) - Technical Analysis (GBP/USD GBPUSD):
Todays foreign(外汇) exchange analysis GBP/USD (September 30) Early in the vicinity of 1.22866, from the technical analysis, after the 1 hour line level observation fell below the neckline, there was a standard empty pattern, and then rebounded to the middle of Bolling, then continued to fall, so There is an opportunity to fall again.
The pressure range above the front short line is located at 1.23700~1.23750, the downward direction, the initial support range is 1.22350~1.22400, and the operation mentality is short-term. The investors who want to enter the short-term market may consider buying in the 1.23000 to 1.23050 range. MT4 operation stop loss point can be considered to set above 1.23160.
Forex(外汇) - Technical Analysis (NZD/USD NZDUSD):
Todays foreign(外汇) exchange analysis NZD/USD (September 30) Early in the vicinity of 0.62987, from the technical analysis, the 1-hour line level observation is forming a large convergence triangle, so there is a chance to hit the uptrend line and rebound again.
At present, the pressure range above the short-term line is located at 0.63100~0.63150, the downward direction, the initial support interval is 0.62550~0.62600, and the operation mentality is mostly short. Investors who want to enter the market for a short time may consider buying in the 0.62740 to 0.62780 range. MT4 operation stop loss point can be considered to set below 0.62630.
Consolidate the key data of foreign(外汇) exchange today:
1. China official manufacturing PMI in September
2. Chinas September financial new manufacturing PMI final value
3. Switzerlands September KOF economic leading indicators
4. Germanys September unemployment after the adjustment of the number of unemployed (10,000 people)
5. Germanys September seasonally adjusted unemployment rate
6. UK August central bank mortgage loan (10,000 people)
7. UKs second quarter GDP annual rate final value
8. UK second quarter current account
9. Eurozone August unemployment rate
10. Eurozone August unemployment rate
11. US September Chicago PMI
12. US Dallas Fed Business Activity Index in September
For more details on Forex(外汇) and MT4, please click here to watch.
In the future economic outlook, former Federal Reserve Chairman Yellen said that based on the three major factors of population, education and productivity, the Feds current forecast of long-term economic growth in the United States may be too optimistic. She said that in terms of population structure, the population growth of the United States has been slowing down in recent years, resulting in a labor force growth rate of only about 0.5%. The improvement of labor education level is helpful to boost economic growth, but the current growth rate is not like the past. It is fast, so the future direction of monetary policy may have to be more cautious.
Forex(外汇) - Technical Analysis (Gold XAUUSD):
Todays foreign(外汇) exchange analysis gold (September 30) early in the morning at 1494.9 US dollars / ounce, from the technical analysis, 1 hour level observation trend above the pressure chip, the bottom has strong support, and gradually form a decline channel correction trend, so there is a chance Pull back again after the rebound.
At present, the pressure range above the short-term line is located at 1505~1505.5 US dollars/ounce, the downward direction, the initial support range is 1490~1490.5 US dollars/ounce, and the operation mentality is short-term. The investors who want to enter the short-term market can consider the price of 1502 US dollars. To buy a light warehouse at $1504/oz, the MT4 can be set to stop above $1505/oz.
Forex(外汇) - Technical Analysis (EUR/USD EURUSD):
Todays foreign(外汇) exchange analysis of the euro / US dollar (September 30) Early in the vicinity of 1.09409, cut from the technical analysis, 1 hour level observation is in line with last Friday (27th) forecast bottom rebound, the current Bollinger channel shrink correction, so there is a chance Brin’s opening continued to bounce back.
At present, the pressure range above the short-term line is located at 1.09800~1.09850, the downward direction, the initial support interval is 1.09200~1.09250, and the operating mentality is mainly short. Investors who want to enter the market for a short time may consider buying in the 1.09350 to 1.09390 range. MT4 operation stop loss point can be considered to set below 1.09280.
Forex(外汇) - Technical Analysis (GBP/USD GBPUSD):
Todays foreign(外汇) exchange analysis GBP/USD (September 30) Early in the vicinity of 1.22866, from the technical analysis, after the 1 hour line level observation fell below the neckline, there was a standard empty pattern, and then rebounded to the middle of Bolling, then continued to fall, so There is an opportunity to fall again.
The pressure range above the front short line is located at 1.23700~1.23750, the downward direction, the initial support range is 1.22350~1.22400, and the operation mentality is short-term. The investors who want to enter the short-term market may consider buying in the 1.23000 to 1.23050 range. MT4 operation stop loss point can be considered to set above 1.23160.
Forex(外汇) - Technical Analysis (NZD/USD NZDUSD):
Todays foreign(外汇) exchange analysis NZD/USD (September 30) Early in the vicinity of 0.62987, from the technical analysis, the 1-hour line level observation is forming a large convergence triangle, so there is a chance to hit the uptrend line and rebound again.
At present, the pressure range above the short-term line is located at 0.63100~0.63150, the downward direction, the initial support interval is 0.62550~0.62600, and the operation mentality is mostly short. Investors who want to enter the market for a short time may consider buying in the 0.62740 to 0.62780 range. MT4 operation stop loss point can be considered to set below 0.62630.
Consolidate the key data of foreign(外汇) exchange today:
1. China official manufacturing PMI in September
2. Chinas September financial new manufacturing PMI final value
3. Switzerlands September KOF economic leading indicators
4. Germanys September unemployment after the adjustment of the number of unemployed (10,000 people)
5. Germanys September seasonally adjusted unemployment rate
6. UK August central bank mortgage loan (10,000 people)
7. UKs second quarter GDP annual rate final value
8. UK second quarter current account
9. Eurozone August unemployment rate
10. Eurozone August unemployment rate
11. US September Chicago PMI
12. US Dallas Fed Business Activity Index in September
For more details on Forex(外汇) and MT4, please click here to watch.
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