Weekly Analysis August 3rd-7th

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:

Amazon, Apple and Facebook were among hundreds to post earnings; all three tech giants surpassed estimates, subsequently causing shares to soar 💰

Crude oil inventories are down by 10 million barrels per day; a significant step in the right direction after months of surplus that has sent WTI tumbling 🛢️

•In Germany, Unemployment Change data came in strong at -18k, while GDP for Q2 just missed the -9% forecast at -10.1% 📉

This week, keep an eye on:

•We kick off the week with Aussie data: Retail Sales on Tuesday, followed by the RBA’s Interest Rate Decision and Statement. The UK then takes centre-stage; the BoE’s Rate Decision being among the items to watch

•Disney reports its financials after Tuesday’s market close; with several parks reopening over the last month, investors are watching this one closely for any glimmer of hope

•First Friday of the month can mean only one thing: the US jobs report (nonfarm payroll) and the unemployment rate are due

What else is happening in the news… 🔎

These are just some of the stories we think are worth reading

Microsoft wants to buy TikTok before Trump bans the Chinese app in the States. Read more here.

HSBC, the UK’s biggest bank, posts a 65% slump in profit for the first half. Read more here.

An analyst at Societe Generale warns of decades-long after-effects for the economy. Read more here.

Google’s acquisition of Fitbit could land the company in hot water over data concerns. Read more here.

Save The Date(s)

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

August 4th 04:30 RBA Interest Rate Decision AUD
August 5th 12:15 ADP Employment Change USD
August 5th 14:30 Crude Oil Inventories USD
August 6th 06:00 BoE Interest Rate Decision GBP
August 7th 12:30 Nonfarm Payroll USD

*The above times are in GMT

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