-11122024742.png)
-11122024742.png)
What is ahead for the markets
What is ahead for the markets
The new week will start with the first estimate of the PMI business activity indexes for March, which will be influential for the single European currency. In recent months, this indicator has picked up considerably, which has helped equities and the euro. There are growing expectations that not only the service sector but also manufacturing activity will return to growth territory after many months of contraction.
On Wednesday, it is worth paying attention to the UK inflation figures, where we see an acceleration since October. This is an important reason why the Bank of England is not cutting rates. Analysts, on average, forecast a slowdown from 3.0% to 2.9%. Deviations from forecasts will drive the pound.
Friday sees the release of personal income and household spending statistics and the Fed's preferred measure of inflation. There was a slowdown here in January, will it persist in February? It won't be easy for the dollar to continue strengthening if that's the case.
By the FxPro Analyst Team
Dollar off highs ahead of NFP, equities buoyed by trade hopes
AUD/USD in a range: Is a bullish breakout next?
Daily Market Update: May 2, 2025
ATFX Market Outlook 2nd May 2025
Wall Street whipsaws on data and trade headlines, yen slides after BoJ
Japanese Yen Edges Lower as Weak Data Dampens Confidence
US dollar’s fate tied to incoming US data
