Target levels and forecast for the week 28.08. 01.09.

Target levels and forecast for the week 28.08.  01.09. The week opens with a slight positive on China: the government cut stamp duty by 50%, China's largest stock exchanges will lower margin requirements, and China Evergrande will resume stock trading in Hong Kong. We are waiting for an upward correction in Chinese stocks and the Asian market as a whole.Market attention is focused on US economic reports: JOLTs, PCE inflation, ISM industry and NFP are important both for determining the next move of the Fed's policy and for evaluating possible recession scenarios.You should also track China's PMI and manufacturing activity indices (USA, China, Japan, Germany, UK, EU). The Eurozone inflation report for August is unlikely to lead to a decision to raise the ECB rate in September but will have an impact on Lagarde's current rhetoric.Recall the fundamental events that you need to pay attention to (GMT 0 time):Tue, 29USD: CB Consumer Confidence, JOLTs Job Openings (14:00); API Weekly Crude Oil Stock (20:30)EUR: European Union Economic Forecasts (10:00)Wed, 30Earnings Dates & Reports: SalesforceUSD: ADP Nonfarm Employment Change (12:15); GDP, Goods Trade Balance (12:30); Crude Oil Inventories (+Cushing) (14:30)JPY: Industrial Production (23:50)Thu, 31Earnings Dates & Reports: Broadcom, Bank China, UBS, Dollar General CNY: Manufacturing, Chinese Composite, Non-Manufacturing PMI (01:30)EUR: CPI, Core CPI, Unemployment Rate (09:00); ECB Publishes Account of Monetary Policy Meeting (11:30)USD: Core PCE Price Index, Initial Jobless Claims (12:30); Fed's Balance Sheet (20:30)Fri, 01EUR: Manufacturing PMI (08:00)USD: Nonfarm Payrolls, Unemployment Rate (12:30); ISM Manufacturing PMI, Employment, Prices (14:00)For more news  see Economic Calendar.Profits to yall!#EURUSD #GBPUSD #USDJPY #XTIUSD #Profits #ForexChief #forexsignals #MarketFocus #forexnews #Stock #StopLoss #EconomicCalendar #worldnews #forexmarket