Markets finished last week in risk-on mode after US CPI came out at 2.9%, right in line with expectations. Since there were no surprises in the report, the dollar moved lower, as Powell will most likely be looking to cut rates by 25 basis points this week, with even a chance of a 50 basis point cut. As a result, the dollar is coming down, while US stocks are trading at the highs. Looking at the dollar index, we are anticipating further decline decline towards new 2025 low, before DXY may try to stabilize. At the same time, stocks and metals can do well, especially after any near-term retracements. I alos like Aussie on next retracements.
More about these and other markets in our webinar below, where I also will cover some of the US single stocks, as well as BTC, ETH and XRP.
Grega
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