WEEKLY TECHNICAL ANALYSIS & WEEKLY MARKET STRATEGY – 05 SEPTEMBER 2022
WEEKLY SNAPSHOT Manufacturing PMI (Aug), U.K. WHEN: WHAT IT HAD INFLUENCED: 01 st SEPTEMBER 2022 GBP and its subsequent pairs WHAT HAPPENED: The Manufacturing Purchasing Managers’ Index (PMI) measures the activity level of purchasing managers in the manufacturing sector. A reading above 50 indicates expansion in the sector; below 50 indicates contraction. GBPCAD is currently in the downward channel. Further downside can be seen in the coming week. CB Consumer Confidence (Aug), U.S. W...