Top Forex Brokers-Forex Weekly news and analysis For August 26 – September 1, 2024

Top Forex Brokers-Forex Weekly news and analysis For August 19 – 25, 2024

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The Market’s Mood
Weekly Wrap-Up
The Reserve Bank of Australia kept its cash rate at 4.35%, citing inflation and economic uncertainty. 
Canada’s annual inflation rate fell to 2.5% in July 2024, the lowest since March 2021. 
Japan’s trade deficit widened to JPY 621.84 billion in July 2024, surpassing market expectations. 
The Federal Reserve held rates at 5.25%-5.50%, noting progress on inflation and considering future rate cuts. 
Japan’s annual inflation rate stayed at 2.8% in July 2024, its highest since February.
This Week’s Highlights
This week’s key economic releases are scheduled as follows:
US CB Consumer Confidence (Tuesday) 
Australia CPI (Wednesday) 
German Prelim CPI (Thursday) 
US Prelim GDP (Thursday) 
US Unemployment Claims (Thursday) 
Canada GDP (Friday) 
US Core PCE Price Index (Friday)
Top Forex Brokers Insights
   
Pair of the Week  USD/CAD
https://stratus.campaign-image.eu/images/37045000935352533_2_1715940322367_zc-noimage.png
This week, expect high volatility in the USD/CAD pair due to economic events in Canada. 
Resistance: 1.3611; 1.3776 
Support: 1.3366; 1.3195a
Trade Now
EUR/USD
https://stratus.campaign-image.eu/images/37045000935352533_1_1715940321885_zc-noimage.png
This week, expect high volatility in the EUR/USD pair due to economic events in the Eurozone. 
Resistance: 1.1271; 1.1373 
Support: 1.1105; 1.1008
Trade Now

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