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💱 Target levels and forecast for the week 22.08 – 26.08 ⠀
Recall the fundamental events that you need to pay attention to (GMT 0 time):
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Tue, 23
EUR: S&P Global Composite, Manufacturing, Services PMI (08:00)
GBP: Composite, Manufacturing, Services PMI (08:30)
USD: S&P Global Composite, Manufacturing, Services PMI (13:45); New Home Sales (14:00); API Weekly Crude Oil Stock (20:30)
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Wed, 24
USD: Pending Home Sales (14:00); Cushing Crude Oil, Crude Oil Inventories (14:30)
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Thu, 25
EUR: ECB Publishes Account of Monetary Policy Meeting (11:30)
USD: GDP, GDP Price Index (12:30); Initial Jobless Claims (12:30); Jackson Hole Symposium (25-27) (13:00)
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Fr, 26
USD: Core PCE, PCE Price Index, Goods Trade Balance (12:30)
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For more news − see Economic Calendar.
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#EURUSDEuro continues to move towards the parity level a breakdown of 1.0000-0.9950 zone may cause a fall by another 1.5-2 figures. Bulls are not yet able to reverse the trend but they can organize a strong correction: any purchases are relevant only on a confident breakdown of the 1.0250-1.0300 zone with the support of a positive foundation.