FOREX-ADP employment accident is better than market expectations Gold price trend plunged 40 dollars

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 deep down.
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

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