Market outlook for the week of 6th-10th July
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Light week ahead, as is usually the case following the NFP release. Monday's highlight will be the U.S. ISM services PMI and on Tuesday, Japan will release average cash earnings y/y, while the U.S. will publish the ADP employment change. Two ADP releases are expected, as last wee
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4 itemsMarket outlook for the week of 11th - 15th May
Lead — The desk anticipates a cautious week ahead for FX markets, with key U.S. inflation data and central bank commentary likely to shape sentiment. Per the full note [source], the focus will be on U.S. core CPI, projected to rise to 0.3% m/m, amid concerns over rising energy and food prices due to geopolitical tensions in the Middle East. This backdrop suggests potential volatility in the USD, particularly against currencies like the AUD and GBP, as traders assess the implications for monetary policy. With the Fed Chair nomination vote also on the horizon, market dynamics could shift significantly based on the outcomes of these events.