... the end of the week, major currency pairs moved in different directions on the currency market. The US dollar recovered some ground after a decline in mid-July. The dollar index (DXY) settled near the 100-point mark. The dollar was supported by strong economic data and rising US bond yields, as investors reassessed expectations about the Fed's further actions. Positive surprises in the US economy – from a robust labor market to strong corporate earnings – reinforced the view that the Fed is unlikely to ...

... Radar Powell and Rates: The Fed's dovish pivot has become the key driver of sentiment. The easing rhetoric in the U.S. sets a positive tone for stock markets worldwide. Investors are now awaiting confirmation of the course toward rate cuts in upcoming economic data—primarily reports on the U.S. labor market and inflation for August. European Economy: The deepening recession in Germany is a concerning signal for the European Union, but hopes for support measures mitigate pessimism. Markets will closely monitor ...

... and Peers Remain Vigilant The April ISM data arrives at a crucial time for central bankers. For the Fed, the combination of steady growth and elevated price readings in the service sector presents a policy dilemma. On one hand, the lack of any severe economic slowdown gives the Fed room to pause and assess incoming data rather than rush into rate cuts. On the other hand, the sticky inflation signals from the services PMI reinforce the case for remaining cautious and potentially keeping interest rates at a restrictive level until there is clearer evidence that inflation ...

... expect a 4.6% increase in revenue due to strong demand for luxury housing. However, the market will focus on guidance amidst rising interest rates. My Commentary on Monday’s Events As the founder of Open Oil Market, I believe that today's macroeconomic data reflects critical global economic trends. Japan’s GDP growth slowdown highlights ongoing challenges in Asia’s recovery, which could influence global trade dynamics. Meanwhile, China’s lower CPI signals subdued domestic demand, potentially impacting global commodity flows....

... MSK: Switzerland – Consumer Price Index (CPI) for November. Changes in Switzerland's inflation levels affect the monetary policy of the Swiss National Bank and, consequently, the Swiss franc's exchange rate. 15:00 MSK: Brazil – GDP for Q3 2024. Data on GDP growth or decline provide insights into Brazil's economic health, potentially affecting investment decisions concerning emerging markets. 18:00 MSK: USA – Job Openings and Labor Turnover Survey (JOLTS) for October. This indicator reflects labor demand and can serve as a gauge of labor market conditions,...