Week Ahead August 28 – September 1

Nouvelles du marché

Semaine du 28 août au 1er septembre

EURUSD pair closed last week’s trading session lower on Jackson Hole symposium comments from FED’s Officials. Both FED officials highlighted that interest rates in the US will remain at this level for at least until the end of the year.  From the economic releases we have seen that both, the EU and US had deteriorated releases and this balanced the reaction.

As for this week traders and investors will need to be alert during market open on Monday as weekend’s Jackson Hole symposium comments from both the FED chairman Jerome Powell and ECB’s Christine Laggard will weigh on Euro and US Dollar prices according to their comments on future interest rate decisions. US Non-farm payroll and CPI numbers from both the US and EU will dominate this week’s trading session.

On the economic calendar we have on Wednesday, German Harmonized index of consumer prices pointing lower at 6.2% US ADP employment lower at 188K and US gross domestic unchanged at 2.4% On Thursday, German retail sales expected at -1.5% European core Harmonized index of consumer prices lower at 5.3% and US personal consumption higher at 4.2% On Friday US non-farm payroll expected at 170K and US ISM manufacturing PMI at 46.6

Technically the picture is negative after last week’s close below (61.8%) at 1.0793 In this week’s trading session if pair continues on the downside could test (100%) If resumes on the upside and break and close above 1.0883 (61.8%) could open the road for 1.0967 (50%) Our traders are long between 1.1000 and 1.0840 targeting profits at 1.1270  We are expecting more aggressive buyers to appear below 1.0800 targeting profits above 1.1200 and sellers at 1.1270 targeting profits at 1.1050

 

Eurusd Techicall 2

 

GBPUSD pair closed last week’s trading session lower on Jackson Hole symposium comments from FED’s Officials. Both FED officials highlighted that interest rates in the US will remain at this level for at least until the end of the year

As for this week traders and investors will need to be alert during market open on Monday as weekend’s Jackson Hole symposium comments from both the FED chairman Jerome Powell and BOE’s Broadbent will weigh on GBP and US Dollar prices according to their comments on future interest rate decisions. US Non-farm payroll and CPI number from the US will dominate this week’s trading session.

On the economic calendar we have on Wednesday, the US ADP employment pointing lower at 188K and US gross domestic to remain unchanged at 2.4% On Thursday, US personal consumption expected higher at 4.2% On Friday US non-farm payroll expected at 170K and US ISM manufacturing PMI at 46.6

Technically the pair is negative after last week’s close below  (61.8%) at 1.2577 As for this week, if pair resumes on the upside, will need to break and close above 61.8% to change the picture back to neutral. Alternative, if continues on the downside, will test 1.2320 Our traders keeping their long positions at 1.2730 and 1.2623 targeting profits above 1.3000 We are expecting short sellers at 1.3140 targeting profits at 1.2750 and more aggressive buyers below 1.2600

 

Gbpusd Techicall 2

 

Pour un calendrier économique plus détaillé, veuillez consulter notre calendrier économique en direct sur : 

https://tentrade.com/economic-calendar/

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