EUR/USD is trading at 1.1146, 0.03% down since the previous day’s close. The European session sees some slight bearish pressure on EUR/USD. The composite PMI fell to 48.5 in August’s flash estimate from 49.1 in July, according to German data, which damaged the euro. Markets watch the US and EU PMI data. Today’s bearish trend is suggested by a gap down opening. The market is in an overbought area, which may lead to some selling. 1.1094 and 1.1173 are the nearest points of support and resistance.
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Near Day |
R3 | 1.1244 |
R2 | 1.1221 |
R1 | 1.1173 |
Turnaround | 1.1141 |
S1 | 1.1094 |
S2 | 1.1019 |
S3 | 1.0980 |
US 100 is trading at 19833, 0.05% down since the previous day’s close. As investors processed a flurry of economic data from significant European economies and looked ahead to the Federal Reserve’s Jackson Hole meeting later in the day, European shares gained on Thursday. On Friday, Chair Jerome Powell will give the keynote address. Daily chart analysis shows that the market is just above the 50-day moving average, indicating that the uptrend is continuing. 19445 is the closest support, and 19911 is the closest resistance.
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Near Day |
R3 | 20783.00 |
R2 | 20424.00 |
R1 | 19911.00 |
Turnaround | 19735.00 |
S1 | 19445.00 |
S2 | 18991.00 |
S3 | 18529.00 |
XAU/USD is trading at 2507, 0.14% down since previous day close. The goal of the gold price in Thursday’s Asian session is to build on the previous correction. Preliminary S&P Global Business PMI data, which could provide new insight into the US Federal Reserve’s interest-rate stance, causes gold dealers to engage in profit-taking. The previous day’s dragonfly doji candle gave rise to a downtrend, suggesting that the trend may reverse, according to daily chart analysis. 2492 is the nearest service.
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Near Day |
R3 | 2560.00 |
R2 | 2532.00 |
R1 | 2522.00 |
Turnaround | 2508.00 |
S1 | 2492.00 |
S2 | 2449.00 |
S3 | 2430.00 |
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