Today was very slow being the first week of the financial week. The market did not make any major bets today ahead of key data later this week, including tomorrow's (Tuesday’s) German inflation data. German inflation data will likely not have a major impact tomorrow as final data rarely surprise two weeks post the preliminary reading. However, tomorrow will also see UK unemployment data, US producer price inflation (this time before consumer price inflation) and a speech by Powell. Eurozone / German stocks will be influenced by German sentiment data (ZEW - which is the most important sentiment data in Germany). ZEW will also release Eurozone sentiment data tomorrow.
On Wednesday, we will see the US CPI (Consumer Price Inflation) data, which will cause a lot of volatility as it will either confirm hopes for rate cuts or push them back sharply in case inflation concerns rise again. US retail sales - also very important - will also be released on Wednesday. The data that will be released on Wednesday will be absolute key for this week.
There will be more data on Thursday and Friday - such as Japanese GDP data, US housing data (both on Thursday) and important Chinese economic data (industrial production / retail sales) on Friday that will give a better idea of how well the Chinese economy is back in growth mode. Friday will also see the final reading of Eurozone inflation data.
These are the expected activities for the week. This post is mainly to assist in planning trade entry point as well as exit points
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