Weekly Market Recap (21-25 August)
A look at this week’s main developments.
Source: forexlive.com
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Gold Price Signals Bearish Breakdown, PMI's Next
Gold price struggled to stay above $1,950 and started a fresh decline against the US Dollar. The price traded below the $1,932 support to move into a bearish zone.
Source: actionforex.com
Euro Under Pressure Ahead of PMIs from EZ, UK and US
Euro faces headwinds this week, emerging as one of the more subdued performers, with all eyes set on today's Eurozone PMI data. Its trajectory, when compared to Yen and Aussie, remains uncertain, as both showed minimal response to their respective PMI releases. Conversely, Dollar's movement, in anticipation of the PMI release, is expected to be constrained, with the market's primary focus shifting to Fed Chair Jerome Powell's upcoming speech at the Jackson Hole Symposium. Meanwhile, Canadian Dollar might witness some stirring due to release of its retail sales data.
Source: actionforex.com
Nasdaq Futures Climb Ahead of Nvidia Results, PMI Data in Focus
Detailed price information for Lowe's Companies (LOW-N) from The Globe and Mail including charting and trades.
Source: theglobeandmail.com