Sunday, 21 May 2023

Markets Week Ahead: Nasdaq, Gold, US Dollar; Debt Ceiling, US PCE, Germany Ifo, UK Inflation, RBNZ, Australia Retail Sales

US debt ceiling talks are likely to dominate sentiment after some of the optimism scaled back after reports on Friday that debt ceiling talks have hit a roadblock. Fed speak is expected to continue after mixed remarks from officials last week – some called for a pause while others pushed for more rate hikes. Powell, however, on Friday left the door open for a pause.

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ECB Leaves Rates Unchanged, Rate Cut Looms, EUR/USD Steady Ahead of Press Conference

The European Central Bank left all three official rates unchanged as expected. Traders are now focusing on the press conference for any clue...