Top Tier US data and events provided plenty of volatility this week but the path for the likes of EUR/USD appears to be shaped by the political jostling ahead of French parliamentary elections.
(AI Video Summary)
Richard Snow and Nick Cawley discussed the dynamic week in financial markets, focusing on impacts from the latest CPI data and the Federal Reserve's stance. The CPI was unexpectedly cooler, suggesting a positive trend, but the elation was short-lived after a shift in the Fed's policy outlook indicated potential for fewer rate cuts, leading to interventions in the dollar and euro markets. Additionally, they analyzed major indices and bond yields, anticipating upcoming central bank meetings and their implications on global markets.
