Weekly Analysis August 10th-14th

FXPRIMUS Weekly is your comprehensive technical and fundamental trading guide for the coming week! Access the latest news and in-depth technical indicator data, delivered by out market experts each and every week!

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With a new week comes new market opportunities. Here’s a recap of what you may have missed, as well as some highlights of the week ahead of us:

Catching you up on last week:

•President Trump signed executive orders banning TikTok and WeChat from conducting business in the US unless a change of ownership occurs. This move continues a trend of de-globalisation and risk assets have taken a hit on the back of the news.

•Both the Reserve Bank of Australia and the Bank of England held their official rates at 0.25% and 0.1% respectively. In the midst of a global pandemic-driven recession, interest rates across the board are set to remain at near-zero levels for the foreseeable future.

•Friday’s nonfarm data out of the US beat analysts expectations, coming in at 1.7 million v the 1.5 million jobs expected.

This week, keep an eye on:

•More central bank action on Wednesday during the Asian session — this time from the Reserve Bank of New Zealand. Like other major central banks, the RBNZ is expected to keep their interest rate on hold at the near-zero level of 0.25%.

•This is followed by US inflation data Wednesday, rounding off a big day of fundamental data. Traders will be looking for some sign of life in the US economy in the form of an uptick in the monthly CPI reading.

•Finally, we’ll be watching how markets digest the US lawmakers’ new stimulus package and just how much compromise has been afforded. There are several sticking points to watch the fallout from, including the Republicans’ liability protection for businesses, and the Democrats wanting to spend more than the $1T on the latest Coronavirus aid bill.

What else is happening in the news… 🔎

Each week, we take a closer look at the markets that move, and those you may have missed!

In a somewhat irrational sign of the times, the world’s hottest stock right now is a money-losing tech giant that’s soared 880%. Read more here.

According to a US first amendment expert, Trump’s attempt to ban TikTok and WeChat could face legal trouble for infringing on free speech. Read more here.

Goldman Sachs has said that the market is underestimating the odds of a faster-than-expected coronavirus vaccine. Read more here.

Delve into these four takeaways from Disney’s earnings last week. Read more here.

Save The Date(s)

Here are the reports, meetings and other fundamentals to follow this week

August 12th 03:00 Interest Rate Decision NZD
August 12th 03:00 RBNZ Rate Statement NZD
August 12th 07:00 Prelim GDP q/q GBP
August 12th 13:30 Core CPI m/m USD
August 13th 02:30 Employment Change AUD
August 14th 13:30 Retail Sales m/m USD

*The above times are in GMT

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