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Markets are Remaining Cautious Ahead of Jackson Hole Symposium

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Mean while global equates are scaling another leg higher; however market participants are paying close attention to the Kansas City Fed’s virtual Jackson Hole summit this week. Markets are expecting Jay Powell, the central bank chair, to announce details of the Federal Reserve’s wide-ranging review of monetary policy which will guide dollar move in upcoming days.

TREND : WEAK BULLISH

Time                                      :           25/08/2020

Pivot                                      :           1.1813

Technical View                     :             LONG ABOVE 1.1833

Target                                   :            1.1853, 1.1885, 1.1915

Technical View                     :             SHORT BELOW 1.1793

Target                                   :            1.1773, 1.1716, 1.1714, 1.1704

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