It was another busy week for the global markets as traders faced top tier economic updates from all over and major central bank events. The Fed arguably took the spotlight this week as Chairman Powell and his team effectively dropped their aggressive hawkish rhetoric and signaled openness towards easier policies. Ditto for the Bank of England (BOE), which also removed references to further tightening in their February statement. This week’s round of economic data releases also showed that the Euro Area juuuust avoided a technical recession, and the U.S. jobs data just signaled to traders to that they might wanna slow down on those rate cut bets.
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