Key Market Events to Watch This Week

During this week, the markets are anticipating several important economic indicators and financial data.

On Tuesday, the main lending rate in China, Industrial Production in Japan, and Building Permits in the United States of America are expected to be released.

Analysts are also awaiting on Wednesday the testimony of US Federal Reserve Chairman Jerome Powell to the House Financial Services Committee, along with the consumer and producer price indices in Britain and retail sales in Canada.

On Thursday, the interest rate decisions by the Swiss Central Bank and the Bank of England will be announced, in addition to the testimony of US Federal Reserve Chairman Jerome Powell before the Senate Banking Committee and unemployment claims rates in the United States of America.

Finally, on Friday, the consumer price index in Japan, retail sales in Britain, and the manufacturing and services PMIs in Japan, the eurozone, Britain, and the United States of America will be published.

EUR/USD??

If the euro against the dollar breaks the pivot point of 1.0880, it may target and test the support levels of 1.0792, 1.0643, and 1.0554. However, if it surpasses the pivot point, it is likely to test the resistance levels of 1.1029, 1.1118, and 1.1267.

GBP/USD???

If the pound against the dollar breaks the pivot point of 1.2717, there is a possibility that it may test the support levels of 1.2586, 1.2355, and 1.2225. Conversely, if it exceeds the pivot point, it may test the resistance levels of 1.2950, 1.3080, and 1.3311.

USD/JPY???

For USD/JPY, if it falls below the pivot point of 140.92, there is a possibility that it may test the support levels of 139.93, 138.02, and 137.02. If the pivot point is surpassed, it may test the resistance levels of 142.83, 143.84, and 145.75.

XAU (Gold)??

In the case of Gold, a drop below the pivot point of 1964 may test the support levels of 1943, 1915, and 1893. Conversely, if it exceeds the pivot point, it may test the resistance levels of 1993, 2014, and 2043.

Brent Crude Oil?

If Crude Oil falls below the pivot point of 74.98, it may test the support levels of 73.22, 69.84, and 68.05. However, if it surpasses the pivot point, it may test the resistance levels of 78.39, 80.14, and 83.55.

US30?

If the Dow breaks the pivot point of 33750, it may test the support levels of 33525, 33175, and 32950. On the other hand, if it exceeds the pivot point, it may test the resistance levels of 34103, 34324, and 34678.

Please note that this analysis is provided for informational purposes only and should not be considered as investment advice.

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