This week will be crucial for investors as they navigate economic data, rate decisions, and earnings reports. The inflation data, particularly the US Core PCE Price Index, could influence expectations for future rate cuts. Here’s a breakdown of the major events to keep an eye on:

The US dollar may see some support from Fed policymakers pushing back on rate cut bets. EUR/USD and GBP/USD may see some correction or consolidation depending on economic data. USD/JPY might experience a correction after recent weakness. Gold is likely to continue its upward trajectory unless it breaks below key support levels. Keep an eye on economic data releases and central bank commentary for significant market movements.

The global financial markets are currently reacting to the potential for a dovish Fed policy shift. This could weaken the US Dollar and strengthen other currencies, particularly those with central banks on hold or considering rate cuts. Gold and Bitcoin are also benefiting from this environment. Oil prices remain stable despite concerns about Chinese demand, while the New Zealand Dollar faces headwinds from a weak domestic economy.

The attempted assassination of former US President Trump is expected to cause jitters early in the week, with investors seeking safe-haven assets. Keep an eye on important economic releases throughout the week, including Chinese GDP and Industrial Production, Canadian and US inflation data, UK employment figures, and US Retail Sales. The European Central Bank’s interest rate decision will be a major event, while comments from Fed Chair Jerome Powell and […]

Today’s focus is on US CPI data. The direction of the major currencies (EUR, GBP, AUD, CAD) will likely depend on whether inflation comes in lower than expected. Gold could also benefit from lower inflation. Remember, these are just forecasts, and the market can be unpredictable. It’s important to manage your risk and have a trading plan in place. NFP report will also be released this Friday.

Markets are cautious ahead of key US inflation data release today. EUR/USD and GBP/USD are in a bullish trend with potential for further gains on a breakout. USD/JPY may see renewed buying pressure if the dollar strengthens. Gold could benefit from a hot inflation print but faces resistance at $2370. Silver’s bullish trend may be impacted by tomorrow’s CPI data.

Market sentiment cautious ahead of Jerome Powell’s speech. Focus on clues about potential September rate cuts in the US. Several currencies show signs of potential trend reversals. Gold’s direction hinges on technical factors and Powell’s comments. Geopolitical tensions and inflation data remain key factors. Volatility may pick up depending on Powell’s comments.

Investors are watching inflation data closely, with a focus on the US CPI release on Thursday. A weaker-than-expected print could lead to expectations of a Fed rate cut in September. The RBNZ meeting on Wednesday is also on the agenda, but no change in rates is anticipated. The week kicks off with the French election results, which could influence the Euro.

Markets have been quiet yesterday due to the US Independence Day holiday. The direction of the USD will be key for most other currencies. Friday’s Nonfarm Payrolls data from the US is a key event that could impact all the currencies mentioned above.

The dollar’s direction will likely depend on the outcome of the FOMC minutes and Friday’s US jobs report. Positive data could strengthen the dollar and put pressure on commodity prices like gold. GBP and EUR may benefit from disappointing US data. Keep an eye on potential Bank of Japan intervention in the USD/JPY pair.