This week's trading is related to US data that will move the general mood in the wider markets, and some US data was released during last week's trading, but this week we will get the big release, the Consumer Price Index report, which will be released next Wednesday.
But this is not the only news on the agenda regarding the main releases from the United States, tomorrow we will release Producer Price Index data with a talk by US Federal Reserve Governor Jerome Powell, then Consumer Price Index and retail sales data on Wednesday, followed on Thursday by weekly unemployment claims, as that upcoming period is considered interesting in the markets in general.
The odds of an interest rate cut in September are around 75% with traders pricing in interest rate cuts of around 41 basis points for this year. This should be monitored with the reaction of the bond market, to determine how this will be reflected on major currencies and stocks.
But first let's see what the data this week will bring to the table.
