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  • 🇪🇸 Markit Manufacturing PMI (JUL) Actual: 59 Expected: 59.5 Previous: 60.4 https://www.dailyfx.com/economic-calendar#2021-08-02
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.12% 🇪🇺EUR: 0.10% 🇦🇺AUD: 0.10% 🇯🇵JPY: -0.00% 🇨🇦CAD: -0.00% 🇨🇭CHF: -0.06% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/uGTscjNQ0Y
  • Heads Up:🇨🇭 https://t.co/IuJgBTnOdA Manufacturing PMI (JUL) due at 07:30 GMT (15min) Previous: 66.7 https://www.dailyfx.com/economic-calendar#2021-08-02
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.60% France 40: 0.55% US 500: 0.52% Germany 30: 0.44% Wall Street: 0.44% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/pAry3mnmtU
  • Heads Up:🇪🇸 Markit Manufacturing PMI (JUL) due at 07:15 GMT (15min) Expected: 59.5 Previous: 60.4 https://www.dailyfx.com/economic-calendar#2021-08-02
  • Take a closer look visually at the most influential global importers and exporters here: https://t.co/G58J1dg6y3 https://t.co/S37kmWPLEn
  • Ethereum/Bitcoin spread looks to have broken trendline resistance we spoke about the weekend.https://www.dailyfx.com/forex/fundamental/forecast/weekly/title/2021/07/31/Bitcoin-BTC-and-Ethereum-ETH-Moving-Apart-Binance-Shutters-Some-European-Derivative-Markets.html #ethereum #bitcoin #eth #btc @dailyfx
  • 🇨🇭 Retail Sales YoY (JUN) Actual: 0.1% Previous: 2.8% https://www.dailyfx.com/economic-calendar#2021-08-02
  • 🇨🇭 Inflation Rate YoY (JUL) Actual: 0.7% Expected: 0.7% Previous: 0.6% https://www.dailyfx.com/economic-calendar#2021-08-02
  • Heads Up:🇨🇭 Retail Sales YoY (JUN) due at 06:30 GMT (15min) Previous: 2.8% https://www.dailyfx.com/economic-calendar#2021-08-02
Technical Trade Levels: Dollar, USD/MXN, NZD/USD, USD/CAD, Oil & Gold

Technical Trade Levels: Dollar, USD/MXN, NZD/USD, USD/CAD, Oil & Gold

Michael Boutros, Strategist

Weekly Technical Trade Levels on USD Majors / Commodities

US Dollar, Euro Consolidate within April Range - Gold Vulnerable – Oil Targets Key Support

The US Dollar Majors have been consolidating within their respective monthly opening-ranges and we’re looking for breakouts this week to offer some guidance. Gold prices are rebounding off uptrend support into the start of the week but the metal remains vulnerable for a deeper set-back while below the high-day close at 1726. Meanwhile, the oil decline has taken another leg down today with WTI approaching key long-term lateral support targets just lower. In this webinar, we review the updated technical trade setups on DXY, EUR/USD,USD/CAD, CAD/JPY, GBP/USD, Gold(XAU/USD), USD/MXN, AUD/USD, NZD/USD, S&P 500 (SPX500),Crude Oil (WTI), USD/CHF, and DAX.

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

Key Event Risk This Week

Economic Calendar - Key Data Releases - Weekly Event Risk

Economic Calendar - latest economic development and upcoming event risk

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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