Last week the USD took a break from the beating it had endured the last couple of weeks.
A better than expected NFPs will hopefully help the greenback recover from the losses this week.
In the news, we start the week with a bank holiday in Japan.
We’ll then ease into a low impact news week for the Euro, a major release for the GBP on Wednesday, and then wind with major USD news features from Wednesday.
If you are trading Gold, EURJPY, EURUSD, and GBPUSD here are the key levels to watch this week.
Key Price levels this week.
Pivot – 1.17981.
Resistance Levels: 1.18823, 1.19342, 1.19713, 1.20184.
Support Levels: 1.17139, 1.16620, 1.16249, 1.15778
Pivot – 1.30718.
Resistance Levels: 1.31500, 1.31984, 1.32328, 1.32766.
Support levels. 1.29936, 1.29452, 1.29108, 1.28670
Pivot – 124.789
Resistance levels: 125.398, 125.775, 126.043, 126.385
Support levels: 124.179, 123.802, 123.534, 123.193
Pivot – 2023.34
Resistance levels: 2067.08, 2094.10, 2113.34, 2137.84
Support Levels: 1979.60, 1952.58, 1933.35, 1908.84
Key Fundamentals this week.
Monday, August 3
USD – CoUSD – ISM Manufacturing PMI
Tuesday, August 4
No major news events.
Wednesday, August 5
JPY – BOJ Gov Kuroda Speaks
USD – ADP Non-Farm Employment Change
Thursday, August 6
GBP – BOE Monetary Policy Report
GBP – MPC Official Bank Rate Votes
GBP – Monetary Policy Summary
GBP – Official Bank Rate
GBP – MPC Asset Purchase Facility Votes
GBP – BOE Gov Bailey Speaks
Friday, August 7
USD – Average Hourly Earnings m/m
USD – Non-Farm Employment Change
USD – Unemployment Rate
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Till next week.
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