We had a jam-packed economic calendar this week, and it seems like broad market behavior was once again mainly dictated by inflation updates and its influence on monetary policy sentiment. The main event stealing the spotlight was the U.S. CPI update, basically setting the vibe for the entire financial dance floor like a DJ—shaping not just broad risk sentiment but also the U.S. dollar and bond yield sentiments throughout the week.

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Your email address will not be published.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

Bank of Japan Monetary Policy Statement: April 28 Preview

Heads up, yen traders! The BOJ is gearing up to make its…

FX Weekly Recap: Mar. 11 – 15, 2024

The U.S. dollar got its shine back this week, leveling up off…

Week Ahead in FX (Jun 5 – 9): Watch Out for RBA, BOC, and Chinese CPI Data

It’s gonna be another busy week in the markets, but this time…

Week Ahead in FX (September 26 – 30): Central Bank Rhetoric, U.S. Inflation Back in Focus

The spotlight is still on monetary policy, as several central bankers are…