EUR/USD EUR closed down 1.52% against the US dollar on Tuesday at 0.9967. The euro hit a nearly month high of 1.0197 against the dollar on Monday. In the last 17 trading days, the euro was below par for 16 trading days against the U.S. dollar. The euro zone economy slowed down an

Euro/USD

Euro closed down 1.52% against the US dollar on Tuesday at 0.9967. The euro hit a nearly month high of 1.0197 against the dollar on Monday. In the last 17 trading days, the euro was below par for 16 trading days against the U.S. dollar.

The euro zone economy slowed down and continued to become a big negative for the euro. Energy supply shortages are expected to push up inflation and seriously drag down Europe's GDP, putting Europe into a serious recession. On September 13 local time, the European Economic Research Center in Germany released data showing that the euro zone's economic prosperity index in September was -60.7, down about 6 percentage points from the previous month, indicating that the European economic community is generally pessimistic about the economic development prospects of the euro zone.

Technical analysis:

(Euro/USD 1 hour trend chart)

Operation ideas:

Follow today 0.9999 first-line.

• If the euro runs below the 0.9999 line, then pay attention to the support strength of 0.9909 and 0.9879.
• If the euro runs above the 0.9999 line, then you will pay attention to the suppression force at the two positions 1.0116 and 1.0190.

pound intraday trend

pound rose to a two-week high on Monday as data showed that the UK's unemployment rate fell to its lowest level since 1974, while wages excluding bonuses increased by 5.2%, the highest growth rate in the three months ending August 2021.

pound fell against the dollar on Tuesday, closing down 1.62% at 1.1491. The UK economy is slowing down and the expectation of a cooling of pounds for a hike in the UK bank and the cooling of hikes in the UK. The UK unemployment rate will rise by the end of the year, but there is little chance of a sharp rise.

Technical analysis:



(GBP/USD 1 hour trend chart)

Operation ideas:

GBP3 GBP is mainly focused on the 1.1554 frontline today.

• If the pound runs below the 1.1554 line, pay attention to the support strength of the two positions 1.1501 and 1.1421.
• If the pound runs above the 1.1554 line, pay attention to the suppression force at the two positions 1.1622 and 1.1696.

Gold

Gold prices fell more than 1% on Tuesday, jumping after unexpected consumer prices rose in August consolidated bets on Fed’s aggressive rate hikes .

8 US consumer prices rose unexpectedly in the month of August, and core inflation accelerated amid rising rental and health care prices. The market now sees the possibility that the Fed will raise interest rates by 75 basis points at its September 20-21 meeting is 81%.

Technical analysis



(gold 1 hour trend chart)

Trading strategy:

Gold is following 1700 frontline today.

• If the gold price runs below the 1700 line, then we will pay attention to the support strength of the two positions 1693 and 1680.
• If the gold price runs above the 1700 line, then pay attention to the suppression force of the two positions 1713 and 1720.

WTICrude oil

Oil prices closed down nearly 1% on Tuesday, reversing the earlier intraday gains. U.S. consumer prices rose unexpectedly in August, providing justification for the Federal Reserve to raise interest rates again next week.

The U.S. Department of Labor said the consumer price index (CPI) rose 0.1% in August after it remained flat in July. Economists surveyed by Reuters predict a 0.1% decline. Fed officials will meet next Tuesday and Wednesday, with inflation now far above the Fed’s 2% target.

Technical analysis



(Crude oil 1 hour trend chart)

Trading strategy:

Oil price is now followed by 85.72 front line.

• If the oil price runs above the 85.72 line, then we will pay attention to the suppression force at the two positions 88.08 and 90.44.
• If the oil price runs below the 85.72 line, then pay attention to the support strength of the 84.02 and 82.72 positions.

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