Risk correlations were a bit mixed despite global economic data generally supporting a “higher for longer” interest rate environment. See, growth and inflation reports from some major economies highlighted the unlikelihood of seeing interest rate cuts in the next month or two (or three). Meanwhile, major central bankers leaned towards discouraging aggressive interest rate cut bets, overall.

This Article Is For Premium Members Only

Become a Premium member for full website access, plus get:

  • Ad-free experience
  • Daily actionable short-term strategies
  • High-impact economic event trading guides
  • Access to exclusive MarketMilk™ sections
  • Plus More!

This post first appeared on babypips.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Daily Forex News and Watchlist: GBP/NZD

Sterling has been on a tear lately, but there might still be…

Daily Forex News and Watchlist: EUR/AUD

A lack of top-tier reports scheduled means we should mind risk sentiment.…

Week Ahead in FX (Oct. 9 – 13): FOMC Meeting Minutes and U.S. And China’s Inflation Data

China is back to printing economic data! Aside from some top-tier Chinese…

Global Market Weekly Recap: December 18 – 22, 2023

Anti-Dollar and risk-on vibes played out in what was a mostly calm…