Thursday, September 2, 2021

Check out the news that happened in the last 24 hours

 1️⃣ Yesterday's main news

 - "Small Non-Farming" is upset again, suggesting that the US jobs recovery is slowing

 On Wednesday, the Fed's use of overnight reverse repurchases dropped significantly.

 - Crude oil inventories at the US EIA fell more than expected last week.

 - OPEC+ maintains a schedule of 400,000 barrels per day.

 - Iran: Once sanctions are lifted, oil production will be maximized.

 - The hawkish voices of senior ECB officials are growing louder.

 - Chile seeks 150 billion investment to achieve expansion target


 2️⃣ Today's Financial Facts and Data

 - the monthly rate of the Eurozone PPI for July will be published, the expected value is 1.1% and the previous value is 1.4%.  Recently, senior European Central Bank officials have frequently expressed concern about inflation risks in the euro area, if the data exceeds expectations it could accelerate the pace of key tightening.  policy of the European Central Bank.

 - today will release the number of initial jobless claims from the United States through August 28, the expected value is 345,000, and the previous value is 353,000.

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Wednesday, September 1, 2021

Comment on Gold on September 1, 2021

 In yesterday's trading session, precious metal Gold fluctuated in the range of 1801-1819, after matching buy limit order at 1802 Gold price bounced up to 1816, closing the day session with a rising green candle at 1802.  around 1813. With precious metal Gold appeared to gain strength after a day of slight decline, confirming my buy signal.  We will continue to maintain the buy signal with precious metal Gold like yesterday.


 In a shorter time frame, H4 price zone around 1807 will be a good buy point if any has not yet matched buy orders at 1802. Safe target around 1820 and expect 1830 in today's session.

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USD Index Price Analysis: A drop to the 200-day SMA cannot be ruled out DXY breaks below the 106.00 support to clinch new multi-month lows. ...