The market is cautious and waiting for key data releases this week, particularly Japan’s inflation data and potential news from the ECB and BoE. The news background this week could be crucial for the EUR/USD and GBP/USD, with inflation data potentially impacting central bank policies and market sentiment.

Market Recap: Last week was a celebratory one for investors, with US stocks reaching new highs thanks to strong performances from tech and AI companies. While the positive sentiment continues, this week brings potentially impactful data releases and central bank decisions that could shake things up.

Oil prices expected to continue rising. Gold could correct in the short term. Euro/Dollar outlook uncertain, dependent on upcoming data. Here’s your Market outlook for today:

This week looks to be relatively quiet in terms of data releases and market activity, providing investors with a chance to catch their breath and focus on analysis and forecasts. However, there are still some key events to watch out for:

Compared to the busy previous week, this week’s economic calendar is lighter, offering investors a chance to catch their breath. However, several key events could still impact markets, particularly on Tuesday and Thursday.

Get ready for a packed week in the financial markets! This week brings a mix of central bank updates and crucial data releases that could impact asset prices. Here’s a breakdown of what to expect:

The Reserve Bank of Australia’s monetary policy stance could support the Australian dollar. The Federal Reserve’s plans to cut rates to 4.75% in 2024 are creating a discrepancy between investor views and FOMC forecasts. The US dollar remains strong despite a recent decline. The future of the EUR/USD pair depends on upcoming economic data.

The US dollar is strengthening on strong economic data and hawkish Fed expectations. Major currencies like EUR, AUD, and CAD are facing headwinds from the dollar’s strength; reflecting weaker economic outlooks and potential for delayed rate cuts.. Key economic data releases this week will be crucial for the near-term direction of major currencies.

The markets take a breather after the Fed frenzy, but there’s still key data to watch, especially the US PMI and RBA decision. Focus on employment data and any clues on future monetary policy.