Hey,
So this week we have two very important data releases scheduled to come out between today and tomorrow. Mainly the BoC, and ECB interest rate decision.
With that being said we also have the Dollar off to a very strong start to the year with strong inflation and market data causing traders to re-evaluate expectations for an early FED rate cut.
As it stands we are waiting for the 4th quarter GDP and PCE data to be released tomorrow to see if there are any further signs of continued resilience in economic growth and inflation.
This will likely give the FED enough reason to keep rates as it is considering the dollar is currently at a 6 week high.
So this week we have two very important data releases scheduled to come out between today and tomorrow. Mainly the BoC, and ECB interest rate decision.
With that being said we also have the Dollar off to a very strong start to the year with strong inflation and market data causing traders to re-evaluate expectations for an early FED rate cut.
As it stands we are waiting for the 4th quarter GDP and PCE data to be released tomorrow to see if there are any further signs of continued resilience in economic growth and inflation.
This will likely give the FED enough reason to keep rates as it is considering the dollar is currently at a 6 week high.