Also, brace for US dollar volatility amid the release of the Federal Open Market Committee (FOMC) minutes, especially after Federal Reserve (Fed) Chair Jerome Powell said the US central bank needs to be more confident before cutting policy rates.
(AI Video Summary)
NFPs, PMIs and inflation in focus
In today’s financial “Look ahead” presented by Angeline Ong, significant market events are outlined for the week, including non-farm payrolls (NFPs), global purchasing managers indices (PMIs), and eurozone inflation. Focus is given to Asian markets, particularly the Heng Seng Index, noting a downtrend amid expectations for Chinese stimulus policies.
Impact of upcoming US data
Additionally, US data, such as the Automatic Data Processing (ADP) employment change and upcoming Fed communications, draw attention, impacting the dollar’s performance against other currencies. Key trading opportunities are highlighted in the context of global economic data releases and monetary policy updates.
