These are the biggest events to watch this week:
The economic agenda will quieten down over the coming week but not entirely as the Bank of England will announce its latest policy decision, while Canada and New Zealand will report employment numbers.
In the US, the ISM Services PMI will be watched very closely, and the Bank of Japan's Summary of Opinions will also likely attract some attention.
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The economic agenda will quieten down over the coming week but not entirely as the Bank of England will announce its latest policy decision, while Canada and New Zealand will report employment numbers.
In the US, the ISM Services PMI will be watched very closely, and the Bank of Japan's Summary of Opinions will also likely attract some attention.
Sign Up Now: https://tlt.ink/xmbro
#XM #XMIndia #EconomicCalendar
What are you most curious about this week in the markets?
Anonymous Poll
100%
1️⃣ US ISM Services PMI
0%
2️⃣ New Zealand Employment Change
0%
3️⃣ Bank of England Monetary Policy Decision
0%
4️⃣ Bank of Japan Summary of Opinions
0%
5️⃣ Canada Employment Change
The precious yellow metal has been moving sideways for several days after reaching unprecedented all-time highs. Its current price action is confined within an ascending symmetrical triangle pattern.
The big question now is — will it break out and continue climbing, or will it head downward toward the demand zone highlighted by the circle on the chart?
The big question now is — will it break out and continue climbing, or will it head downward toward the demand zone highlighted by the circle on the chart?
Chart: BTCXAU, daily chart
BTCXAU failed to break the previous high and plunged below EMA21. The price stays between both EMAs and above 33.50, indicating a potential consolidation.
If BTCXAU surges above EMA21 and 35.00, the price may reach the previous highs before retesting the next resistance at 36.50.
On the contrary, failure to hold above 33.50 and EMA78 may prompt BTCXAU to fall to the subsequent support at 32.00.
BTCXAU failed to break the previous high and plunged below EMA21. The price stays between both EMAs and above 33.50, indicating a potential consolidation.
If BTCXAU surges above EMA21 and 35.00, the price may reach the previous highs before retesting the next resistance at 36.50.
On the contrary, failure to hold above 33.50 and EMA78 may prompt BTCXAU to fall to the subsequent support at 32.00.