Forget about summer doldrums because August kicks off with a bang this week. Between 3 central bank meetings,non-farm payrolls, PMIs, ISMs, GDP, CPI and a long list of other market moving events, we can be assured of big moves in the forex market. In fact, many major currency pairs have been trading in tight ranges and are now prime for a breakout. While everyone will be watching the U.S. dollar because of FOMC and NFP, sterling and the Japanese Yen could actually be the biggest movers.

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