Welcome to the last trading day of August and to the first week of September 2020.
Overall we continue to see an extension of USD losses in the markets.
EURUSD is at the May 2018 levels, while the GBPUSD crossed to the December 2019 levels.
The continued weakening of the USD could stretch further past 1.35555 for the GBPUSD and 1.20191 for the EURUSD
In the news calendar, the major event in the calendar is the NFPs scheduled for Friday, September 04.
If you are trading Gold, EURJPY, EURUSD, and GBPUSD here are the key levels to watch this week.
Key Price levels this week.
Pivot – 1.18616
Resistance Levels: 1.19218, 1.19590, 1.19854, 1.20191
Support Levels: 1.18015, 1.17643, 1.17378, 1.17041
Pivot – 1.32528
Resistance Levels: 1.33684, 1.34398, 1.34907, 1.35555
Support levels. 1.31371, 1.30657, 1.30148, 1.29501
Pivot – 125.620
Resistance levels: 126.421, 126.916, 127.269, 127.718
Support levels: 124.818, 124.323, 123.971, 123.522
Pivot – 1947.61
Resistance levels: 1975.87, 1993.34, 2005.77, 2021.61
Support Levels: 1919.34, 1901.34, 1889.44, 1873.61
Key Fundamentals this week.
Monday, August 31
GBP – Bank Holiday
Tuesday, September 1
USD – ISM Manufacturing PMI
Wednesday, September 2
USD – ADP Non-Farm Employment Change
GBP – MPC Member Broadbent Speaks
USD – Crude Oil Inventories
Thursday, September 3
USD – Unemployment Claims
GBP – BOE Gov Bailey Speaks
USD – ISM Non-Manufacturing PMI
Friday, September 4
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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