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!
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:
•Eurozone leaders met to discuss the allocation of the €750 billion stimulus package, finally coming to a consensus and sending the Euro soaring 💶
•Gold and silver both experienced technical breakouts on the back of investors searching for safe places to park their money. 💰 US bond yields continue to decline and gold is the biggest beneficiary of flows.
•Tesla’s Q2 financials, posted after Wednesday’s close, have qualified it for inclusion into the S&P500 🚗 shares have since tumbled ~14% from Tuesday’s highs.
This week, keep an eye on:
•FOMC is the big-ticket item on this week’s calendar, with the Fed set to leave its policy unchanged. They may, however, show some openness to controlling the yield curve.
•US-China tensions are still simmering away just under the surface with trade tit-for-tat retaliations set to keep a damper on the market’s risk appetite. Watch for Tik-Tok stories to drive the mainstream conversation, but the real trade undercurrents are what matters.
•Tech giants Google, Amazon, Apple and Facebook are among the companies set to post earnings this week. Which are you following?
What else is happening in the news… 🔎
These are just some of the stories we think are worth reading
😷 Bloomberg reports that the US likely has 200,000 daily cases of COVID-19. Read more here.
📦 The Wall Street Journal looks at how Amazon gained insight into some startups, only to launch their own competing products. Read more here.
🌍 The New York Times delves into Merkel’s role in getting the stimulus package through. Read more here.
💷 We haven’t talked about Brexit in awhile. Here’s the BBC’s take on a trade deal. Read more here.
Save The Date(s)
Here are the reports, meetings and other fundamentals to follow this week
|July 29th||02:30||CPI q/q||AUD|
|July 29th||15:00||Pending Home Sales m/m||USD|
|July 29th||19:00||FOMC Statement||USD|
|July 29th||19:30||FOMC Press Conference||USD|
|July 30th||07:00||German Prelim GDP q/q||EUR|
|July 30th||13:30||Advance GDP q/q||USD|
|July 31st||02:00||Manufacturing PMI||CNY|
|July 31st||13:30||GDP m/m||CAD|
*The above times are in GMT
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