The London session (Europe open · the liquidity hour) · updated 2026-09-07 08:00 UTC.
Morning. Asia handed over a risk-off tape: hot US jobs data has rekindled Fed hike chatter, and crypto felt it first — bitcoin slipped under $80,000, now testing support near 79,080. Gold is also nursing losses, down 0.7% over eight hours with RSI softening to 35. Oil, meanwhile, remains the outlier bull, holding its uptrend near the 90.47 ceiling despite headlines suggesting Iranian exports have hit zero.
The calendar is light this window — Sentix investor confidence, final eurozone employment change, and revised GDP, all low-tier. Expect technicals to run the show, with two-way traffic around any data blips. The real tension is political: the CLARITY Act vote lands September 15, and the ECB is poised to hike as Middle East conflict pushes eurozone inflation to a three-year high. Those are the threads London will weave around.
Watch the squeezes. Gold sits between 4,385.61 and 4,400.42 — a breakout decides direction. Cable is coiled under 1.35232 resistance, and USDJPY's bounce has stalled, with H4 RSI at 26.7 and no floor in sight. Ether's H1 uptrend is intact but flashing an RSI divergence warning near 2,481.3. If Asia's risk-off mood carries into London, the bears have momentum; if dip-buyers show up, we're back to range play. Keep one eye on headlines, one on the levels.
07 Sep 08:30 UTCEUR Low
07 Sep 09:00 UTCEUR Low
07 Sep 09:00 UTCEUR Low