✨Happy Friday, dear followers!
👀British GDP growth declined 0.6% in the previous month, according to the UK Office of National Statistics. Still, this is a better outcome than the expected decline of 1.2%. Despite that, the British pound lost around 0.4% since the start of the day.
💪Japan’s Nikkei (JP225) reached its peak of March 2022. The risk-on sentiment is driving the index higher. If it breaks through, the high of January at 29 300 will be in focus. Otherwise, expect a correction to 27 700.
📈S&P500 is making the third day of consecutive gains! If it keeps going up, the next target for buyers will lie at 4300. As for Nasdaq, it also remains in a bullish trend.
🗣In the latest US central banker comments, San Francisco Fed President Mary Daly said inflation is too high, adding she anticipates more restrictive monetary policy in 2023.
🥱The price of Bitcoin slipped below $24 000 (again). The crypto keeps moving between the support at $22 300 and the resistance at $24 500.
🥳According to the Ethereum developers, the ETH will make the Merge update on September 15. It will move the Ethereum blockchain from the Proof-of-Work system to the Proof-of-Stake system.
Wish everyone a fantastic trading Friday and a fabulous weekend!
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