Market News:
① The US non-farm payrolls rose by 73,000 jobs in July, far below the expected 110,000; the previous two months saw a significant downward revision of 258,000 jobs, prompting traders to fully price in two Fed rate cuts before the end of the year.
② The US ISM Manufacturing PMI for July unexpectedly fell to 48, below the expected 49.5 and the lowest level since October 2024.
③ The University of Michigan Consumer Confidence Index for July reached a five-month high.
Technical Analysis:
Today's Buy/Sell Levels:
148.53
Support and Resistance Levels:
152.12
150.78
149.91
147.15
146.28
144.94
Trading Strategy:
If it breaks above 148.53, consider entering a buy position, with the first target price being 149.91. If it breaks below 147.15, consider entering a sell position, with the first target price being 146.28.
① The US non-farm payrolls rose by 73,000 jobs in July, far below the expected 110,000; the previous two months saw a significant downward revision of 258,000 jobs, prompting traders to fully price in two Fed rate cuts before the end of the year.
② The US ISM Manufacturing PMI for July unexpectedly fell to 48, below the expected 49.5 and the lowest level since October 2024.
③ The University of Michigan Consumer Confidence Index for July reached a five-month high.
Technical Analysis:
Today's Buy/Sell Levels:
148.53
Support and Resistance Levels:
152.12
150.78
149.91
147.15
146.28
144.94
Trading Strategy:
If it breaks above 148.53, consider entering a buy position, with the first target price being 149.91. If it breaks below 147.15, consider entering a sell position, with the first target price being 146.28.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Good trading signals can help you make profits in the market. I will share trading signal analysis of various products every day, hoping to help you!
t.me/+WHE58rEaywExNWVh
t.me/+WHE58rEaywExNWVh
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.