Technical and Candlestick Analysis for 3.09.2025
Hello. Below will be several trading recommendations for the Forex market for 3.09.2025
XAUUSD
On Gold, we are setting new all-time highs and have passed the 3500.00 mark. Above, it remains to focus only on round levels, and the nearest of them are 3550.00 and 3600.00. At these levels I may wait for Price Action signals for a possible correction. And I think I will try to look for sales, counting on a long correction back to the 3434.11 area; the 50% level of the last upward impulse is also located there.
Fundamental Overview
Ross Mayfield, investment strategist at Baird Private Wealth
Diplomatic easing between China and India is supporting South Asian markets in the first days of September, while tariff risks and weak China data increase pressure on export-oriented assets. The slowdown of inflation in South Korea to 1.7%, the lowest since November, supported growth on local exchanges.
The acceleration of inflation in the EU to 2.1% brought down stock prices and weakened the European currency. The pound showed the strongest drop among the major pairs.
The fall in US markets is linked to investors moving funds from stocks into bonds, which lifted the yield on 30-year Treasuries to 5%. Ross Mayfield, investment strategist at Baird Private Wealth, claims that at such a level, indices will not be able to return to growth
Asia-Pacific
- Nikkei 225 added 0.29% (42 310.49 points), Topix — 0.61%
- Kospi and Kosdaq rose by 0.94% and 1.15%
- Hang Seng fell by 0.47%, CSI 300 — by 0.74%
- S&P/ASX 200 decreased by 0.3%
The start of the session promises volatile trading against the backdrop of released statistics:
- 03:30 - Services PMI Japan
- 04:30 - GDP Australia
- 04:45 - Caixin Services Business Activity Index China
USA
- Dow Jones slipped by 0.55% (45 295.81 points)
- S&P 500 —0.69% (6 415.54)
- Nasdaq —0.82% (21 279.63)
Evening news:
- 15:30 - Labor Productivity Canada
- 17:00 - Factory Orders United States
Eurozone
- DAX — 2.29%
- CAC40 — 0.7%
- FTSE 100 — 0.87%
Statistics of the European session:
- 10:30 - Speech by ECB President Lagarde
- 10:55 - Services Business Activity Index Germany
- 11:00 - S&P Global Business Activity Indices for the Eurozone
- 11:30 - Business Activity Indices of the United Kingdom
Cryptocurrency News
Cryptocurrencies played the role of safe-haven assets during yesterday's session; their capitalization grew by 2% amid a strong fall in stock indices. Bitcoin rose above $111K.
Yesterday's launch of another Trump token - World Liberty Financial (WLFI), made the US president richer by $5 billion; this amount exceeds everything he earned in his lifetime from real estate trading.
From yesterday's news flow, it is worth noting:
- The Venus Protocol was allegedly attacked and lost $30 million.
- Changpeng Zhao's net worth exceeded $62.9 billion; the owner of Binance leads the crypto industry
- Spot ETFs now account for 7% of the total BTC supply, which exceeds 1.5 million coins.
Sincerely, Artem aka TeaDrinker