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On September 6th, it was reported that on September 5th, the Haikou Municipal Housing and Urban-Rural Development Bureau issued a "Notice on Several Measures to Promote the Stable and Healthy Development of the Real Estate Market." The notice clarifies that individuals who have settled in Hainan will enjoy the same housing purchase rights as Hainan residents from the date of their settlement. Active-duty military personnel (including officers, non-commissioned officers, and conscripts) serving in Hainan will also enjoy the same housing purchase rights as Hainan residents. Employees of companies registered in Hainan who actually work and live in Hainan can purchase one unit of commercial housing in Haikou. Families with two or more children can purchase one additional unit beyond the current policy limit. The notice also encourages "trade-in" to meet the demand for improved housing. Anyone listing their own or a family members housing in Hainan for sale can exchange it for one unit of commercial housing in Haikou.September 6th - According to Shijiazhuang Release, Hebei Provinces first EU Next Generation (NG) certification was recently awarded to Shenze Economic Development Zone, marking a milestone breakthrough for the zone in its opening-up and green, low-carbon development. NG certification effectively addresses trade barriers imposed by the EUs Carbon Border Adjustment Mechanism (CBAM). All eligible market entities within the Shenze Economic Development Zone can now align with international rules such as the EU Radio Equipment Directive and the Corporate Sustainability Reporting Directive, enhancing the voice and core competitiveness of resident enterprises in the international market and facilitating Shenzes deep participation in the global green and low-carbon industrial chain.September 6th - According to a CNBC report, data released by the U.S. Bureau of Labor Statistics on Friday showed that of the 162,000 jobs added that month, women accounted for 158,000, or 98%. Men accounted for the remaining 4,000 net job gains, meaning they contributed almost 40 times less to overall job growth. The nonprofit Economic Security Project first pointed out this anomaly in Fridays data. Laura Ullrich, director of economic research at Indeed Recruiting Lab, said that with the release of Fridays nonfarm payroll report, the gap between women and men in employment has climbed to unprecedented levels. "We are in the midst of a transformation," Ullrich said. "This change is happening right before our eyes."September 6th - According to the Ministry of Water Resources, this morning (September 6th), the Ministry held a rolling consultation meeting to analyze and assess the national rainfall and flood situation and to arrange and deploy key defense work. As of 11:00 AM on September 6th, 10 rivers in Zhejiang, Jiangxi, Heilongjiang, and other areas remained above warning levels, with the largest exceeding the warning level by 1.04 meters. The peak of the first flood of the Ganjiang River in Jiangxi has passed the Zhangshu section, and it is expected that the entire main stream of the Ganjiang River will recede below the warning level within the next 24 hours.September 6th - Earlier today, the Iranian Revolutionary Guard Corps (IRGC) announced the release of previously undisclosed surveillance footage and videos of actions against vessels violating regulations. The IRGC stated that its navy took decisive action and implemented effective control in the Strait of Hormuz; any suspicious activity will be targeted. The IRGC asserted that the United States is the greatest threat to the security and maritime trade of countries in the region; any claims of US support and escort are pure lies.

E-mini Dow Jones Industrial Average (YM) Futures Technical Analysis – Upside Momentum Can Build Over 33202

Alice Wang

Aug 11, 2022 12:14

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A government report showing slower-than-expected headline and core inflation in July led traders to reduce their bets on the Federal Reserve raising interest rates for a third consecutive time by a whopping 75 basis points at its meeting on September 21. As a result, September E-mini Dow Jones Industrial Average futures are trading sharply higher shortly after the cash market opened on Wednesday.


September E-mini Dow Jones Industrial Average futures are now trading at 33261, up 524 or +1.60% as of 14:24 GMT. The SPDR Dow Jones Industrial Average ETF (DIA), up $4.76 or 1.45%, is now trading at $332.67.


Demand for riskier assets is fueled by inflation that is softer than anticipated.


Due to falling gasoline costs, consumer inflation in the United States did not increase in July compared to June, marking the smallest monthly inflation in more than two years.


The probability of a 75-basis-point hike in fund rates at the U.S. Federal Reserve's next meeting in September has dropped from 67.5% to 37.5% as a result of the weak inflation report.


The strongest performance on Wednesday is coming from stocks that are susceptible to falling interest rates. Goldman Sachs Group has increased by 3.13%. JPMorgan Chase is up 2.49%, while American Express is up 2.62%.


Chevron Corp., which is down 0.69% due to decreased crude oil prices, is the only company that loses out in this category.

Swing Chart Technical Analysis for the Day

The daily swing chart indicates that the overall trend is upward. The uptrend was confirmed by the trade through the last primary top at 33255. Passing through 32342 will turn the general trend downward.


Smaller trend is similarly upward. The little trend will turn downward if a deal is made through 32662. The downward momentum will change as a result.


35405 to 29639 is the primary range. The market is presently attempting to break above the 33202 level of its retracement zone. Support for the downside is a 50% level at 32522.

Swing chart technical forecast for the day

The path of the September E-mini Dow Jones Industrial Average into Wednesday's closing will depend on how traders respond to the Fibonacci level at 33202.

Positive Scenario

The presence of buyers will be shown by a prolonged advance over 33202. It will be clear that the purchasing is picking up steam if there is a sustained rise over the key high at 33255. Look for a short-term bounce into the May 5 peak at 34011 if this creates sufficient upward momentum.

Grizzly Situation

The presence of sellers will be shown by a persistent move below 33202. Look for a break through the minor pivot at 32805 if this creates sufficient downward momentum. The selling is expected to continue until the 50% barrier at 32522 if this fails.

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