Market insight 7 Sep

AUD/USD Australia's economy has maintained growing momentum in the three months to June, driven by strong demand for exports of goods and services. It means strong momentum even in the face of twelve interest rate increases. The outcome will enhance the RBA's confidence that it can achieve a soft landing for the economy while cooling inflation. However, Australia's economic expansion is likely to weaken from now on. We can see AUD/USD was hard to make breakthrough, there is growing uncertainty about the economic prospect for the Asian region; in addition, Australian households are already facing financial constraints. Moving average system is playing resistance role to limit underlying rebound, so the sell limit could be set below 48 hours moving average on H4 chart. GBP/USD Service providers found a reversal in customer spending in August because of rising borrowing cost, weakening business confidence and strained household finances. After a modest recovery over the past six months, services companies are now clearly feeling the impact of high interest rates on customer demand. On the other hand, concerning about the business environment also held back spending in August, firms indicate that slowing UK economic growth and high inflation will pressure on the business prospect. As we mentioned before, GBP/USD was still affected by 48 hours moving average which is resistance to restrict price rebound. On the other hand, MACD double line is expanding under zero axis on H4 chart, it means sufficient downward momentum. Therefore, the sell limit could be arranged along 12 hours moving average, stop loss must be compulsory.

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Market insight 7 Sep

เริ่มเลย! เปิดบัญชีเทรดและเริ่มเทรดสินทรัพย์ยอดนิยมในเวลาไม่ถึง 3 นาที

เริ่มเลย! เปิดบัญชีเทรดและเริ่มเทรดสินทรัพย์ยอดนิยม
ในเวลาไม่ถึง 3 นาที