USD closed very strong last week as inflation remains in focus after New Home Sales and PCE index jumped in the US, as reported on Friday. Good economic data is not helping the FED much so further economic news and data will be important to track, as it may help to find out how hawkish FED will be going forward. Some believe that not much as the economy can’t handle higher rates for too long. US services and manufacturing PMI’s this week will be another important “puzzle” for inflation expectations.
Also, don’t miss important AUD CPI for Wednesday. Macro and fundamentals are important but what about technicals? Well, check our webinar for a lot of details in this “Week Ahead webinar.
Webinar recording Monday Feb 27 2023