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NFP Friday 200k forecast | dip and rise | 7516 7449 support |7562 7591 resistance

#1 · 4th August 2023, 9:56 am

FTSE 100 technical analysis for 4th August 2023

Will the FTSE 100 climb today with NFP Friday news?

The FTSE 100 closed in the red, although reversed losses recorded earlier in the trading day. The blue-chip index finished down 0.43pc at 7,529.16, while the FTSE 250 midcap index climbed inched up 0.11pc to end at 18,833.65. It comes after the FTSE 100 dropped to a two-week low earlier Thursday amid nervousness in global markets ahead of the Bank of England’s rate decision.

Asian shares rose on Friday, while the dollar pulled back from a one-month peak as investors took stock of the slew of U.S. economic data that showed a resilient labour market ahead of a crucial non-farm payrolls report due later in the day.