Day: September 5, 2023

TitleXAUUSD H1 | Falling from Fibo  61.8? TypeBearish Reversal Preference:Price has just reacted off our pivot point 1946.06, which serves as an overlap resistance level that aligns with 61.8% Fibo retracement.  A reversal from this point could lead the price to drop to the 1st support at 1938.121, an overlap support level. Alternative scenario:However, if […]

Weak US Jobs Data Weighs on Fed Tightening Expectations Despite weakness seen in key US labour market indicators last week, USDJPY is starting the week in the green. On Friday, the latest jobs report was a mixed bag. The headline NFP reading was seen coming in above forecasts at 187k vs 169k expected, though the […]

Lagarde on Watch EURUSD continues to hold at a key support level ahead of an upcoming speech by ECB chief Lagarde later today. Traders will be keen to see if Lagarde gives any clues as to how the ECB is likely to act at the next rate setting meeting due later this month. The market’s […]