NFP week! - Let's hear it again, N F P week.
It looks as though we may need to rely on NFP this upcoming week to provide us with clear economic bias moving forward. The DXY has been pretty stagnant this week expanding on last weeks trading range, but finishing the week (as of time of writing, Friday 31st am) with an 8pt move.
With the ECB still being cautious to move ahead with premature rate cuts following a larger than expected move in inflation data coming out of the Eurozone, all eyes now move to the Federal Reserve and their response to PMI and employment data coming out next week.
In other news, we have the official ECB refinancing and deposit rate decisions being released next week, with the majority of analysts expecting a 25bp cut, but this remains to be seen as we know the ECB likes to act with caution.
In other news this week we have Aussie GDP & Trade Balance, Canadian Interest Rates and Employment Data, Swiss CPI and European Parliament Election.