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TECHNICAL ANALYSIS REPORT BY OUR EXPERT – 02 SEPTEMBER 2022
U.S. JOBLESS CLAIMS FALL TO 232,000
Asian Pacific markets were mixed on Friday. The Shanghai Composite is down 0.03% at 3,183.86. Overall, the Singapore MSCI is down 0.57% at 286.95. Over in Hong Kong, the Hang Seng Index is down 1.08% at 19,285.00. In Japan, the Nikkei 225 is down 0.04% at 27,630.00, while the Topix index is down 0.31% at 1928.50. South Korea’s Kospi is down 0.39% at 2,406.10. Australia S&P/ASX 200 down 0.19% at 6832.60.TOP NEWS OF THE DAY:
The number of Americans filing for unemployment insurance unexpectedly dropped last week, according to Labor Department data on Thursday, hinting at lingering tightness in the country’s job market.Seasonally adjusted initial jobless claims totalled 232,000 in the week ending August 27, a decrease of 5,000 compared to the prior level. Economists had anticipated the reading to climb to 248,000.
MARKET SUMMARY AS PER 01/09/2022:
European equities Thursday closing. The DAX futures contract in Germany traded down 1.60% at 12,630.23, CAC 40 futures down 1.48% at 6034.32 and the UK 100 futures contract in the U.K. down 1.86% at 7,148.51.In the U.S. on Wall Street, the Dow Jones Industrial Average closed up 0.46% at 31656.43. The S&P 500 up 0.30% at 3966.86 and the Nasdaq 100 up 0.02% at 12274.62, NYSE closes down 0.20% at 14771.89.
TECHNICAL SUMMARY
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GBPUSD Technical Analysis
TRADE SUGGESTION- SELL AT 1.1538, TAKE PROFIT AT 1.1531 AND STOP LOSS AT 1.1550
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