It was a battle between the slowing global growth outlook vs. potential rate cut narratives this week in the global markets, with the former weighing the heaviest and leading to a strong week for the U.S. dollar. Bitcoin and oil prices were the biggest movers, though, with the former seeing levels not seen since early 2022, and the latter making new lows on a weaking demand outlook for oil.

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

You May Also Like

Event Preview: BOE Monetary Policy Decision (May 2021)

Heads up, pound traders! BOE policymakers have a huddle coming up this…

Daily Forex News and Watchlist: AUD/CHF

A weekend gap set AUD/CHF back from a possible upside breakout. Will…

Week Ahead in FX (Feb. 5 – 9): RBA Decision & More Jobs Reports!

Who’s in for another central bank statement, plus a couple more jobs…

Week Ahead in FX (Jan. 29 – Feb. 2): U.S. NFP Week PLUS FOMC and BOE’s Decisions!

Traders are in for another busy week as we wait to hear…