Weekly Analysis August 24th - 28th

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:

•Apple became the first American company to hit a $2 trillion market capitalization

•Some mixed US data; Building Permits and Existing Home Sales beat forecasts, while Jobless Claims came in above 1.1 million after last week’s 971k

•S&P500 hit a new record high in its fourth consecutive week of gains, marking the longest winning streak for the index this year

This week, keep an eye on:

•On the Eurozone front, Germany’s GDP and Ifo Index are up early in the week

•Will Pending and New Home Sales show the same momentum as last week’s data?

•Apple and Tesla stocks split after this trading week; after both companies hit new highs last week, we’re watching these closely

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!

Trump supports Oracle’s interest in bidding on TikTok’s US business. Read more here.

Take a deeper look into Apple’s new record and its impact on the market. Read more here.

Ever wish there was a dating app for fellow Tesla aficionados? There will be soon. Read more here.

Looking at 20 strategists’ predictions on how the election will play out, and what the effect will be on stocks. Read more here.

Save The Date(s)

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

August 25th 06:00 German GDP (QoQ) EUR
August 25th 08:00 Ifo Business Climate Index EUR
August 25th 14:00 New Home Sales (Jul) USD
August 26th 14:30 Crude Oil Inventories USD
August 27th 12:30 GDP (QoQ) USD
August 27th 14:00 Pending Home Sales (MoM) USD
August 27th 12:30 GDP (MoM) CAD

*The above times are in GMT

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