The London session (Europe open · the liquidity hour) · updated 2026-09-09 08:00 UTC.
London Session Prep — 08:00–12:00 UTC
Good morning. The risk-off tone from Asia is holding as London takes the baton — equities slipped again with Brent hovering just under the $100 mark, and the Middle East story remains the main character. Gold has bounced to 4,408, while Bitcoin steadies near 79,160 after the CLARITY Act ran out of calendar. The geopolitical premium is still very much in the price.
The calendar is quiet — just a German 10-year bond auction in this window, so headline flow and technicals should lead the tape. Watch oil closely: the D1 uptrend is intact, but price is stretched with no tested ceiling above; a pause toward the 90.47 support would be healthy, not bearish. Gold is the interesting one — still bearish on D1/H1, but a divergence warning flag has appeared, and with price squeezed between 4,389.54 and 4,411.00, a breakout is on the table. USD/JPY remains firmly bearish with RSI deeply oversold — stretched, but no tested floor below. Cable sits squeezed between 1.35387 and 1.35593.
As the session unfolds, keep one eye on headlines — any de-escalation could unwind the oil bid quickly, and that would ripple through the yen crosses and gold alike. Otherwise, let the levels do the talking.
09 Sep 09:42 UTCEUR Low