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London Session Prep — 08:00–12:00 UTC
Asia handed over the same story, only louder: Asian shares fell while oil traded above $100 a barrel as Middle East tensions kept inflation fears front and centre, with the ECB and BOJ both tipped to hike as the Iran war feeds fresh price pressure. The risk-off tone from the US close is intact — gold is holding around 4,406.75 after its bounce, and crypto's soft momentum has carried through, with BTC still leaning on 77,557.8 support.
The London calendar is deliberately quiet — Italian Industrial Production m/m is the only scheduled release, and it's a low-tier one. That leaves the session to headlines and levels, which is exactly where things get interesting.
The technical barometer tells a consistent story: oil stays bullish clear (D1/H4/H1 all up, H4 RSI 64.1), though price is stretched with no tested ceiling above and support parked way down at 90.47 — a pause would be healthy, not bearish. Gold leans bearish clear (D1 and H4 down), squeezed between 4,400.82 support and 4,417.08 resistance — a breakout is on the table, direction unknown. USD/JPY keeps its bearish lean with H1 down and H4 RSI at 31.5, while the euro and cable sit neutral, both coiled between close levels. Watch for any de-escalation headline — it would unwind the oil bid fast and ripple through gold and the yen crosses alike. Otherwise, let the levels do the talking.
10 Sep 08:00 UTCEUR Low