Weekly Analysis August 17th-21st

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!

Trading on margin products involves a high level of risk

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:

•The UK enters recession after GDP shrinks 20.4% in Q2; its second consecutive quarter of economic decline

•Australia’s unemployment rate rose to 7.5% for July, staying below the 7.8% forecast

•Jobless Claims came in below 1 million for the first time during the pandemic, at 963k

•Epic Games filed a lawsuit against Apple after the company removed Fortnite from the App Store

This week, keep an eye on:

•We’re looking at the Core Inflation Rate for the UK, Eurozone, and Canada all placed throughout the week

•The OPEC+ Joint Ministerial Monitoring Committee meeting is scheduled for Wednesday

•Swiss Industrial Production data follows July’s Balance of Trade on Thursday

•Can America’s Initial Jobless Claims come in under 1m for a second week running?

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!

After both Tesla and Apple announce stock splits, more companies with share prices in triple and quadruple digits consider following suit. Read more here.

Joe Biden has chosen Kamala Harris as his running mate in the upcoming election, but how much do we know about Harris? Read more here.

Coronavirus continues to impact the world. Prime Minister Boris Johnson has a lot to think about before schools reopen. Read more here.

Take a deeper look at China’s numbers in charts.. Read more here.

Save The Date(s)

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

August 18th 01:30 Interest Rate Decision AUD
August 18th 12:30 RBNZ Rate Statement USD
August 19th 06:00 Prelim GDP q/q GBP
August 19th 09:00 Core CPI m/m EUR
August 19th 14:30 Employment Change USD
August 19th 18:00 Retail Sales m/m USD
August 20th 14:30 Retail Sales m/m USD
August 21st 06:00 Retail Sales m/m GBP

*The above times are in GMT

Trading on margin products involves a high level of risk

Any opinions, news, research, analyses, prices or other information contained here are provided as general market commentary and do not constitute investment advice. FXPRIMUS does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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