On Tuesday, US consumer confidence figures will be released. Given the context of recent firmer US PMI data and hawkish FOMC minutes, a stronger consumer confidence report could reinforce dollar strength. This is something I'll be watching closely as it may influence EUR/USD and the dollar index. The highlight of the week will likely be the PCE print towards the end—this is the Fed's preferred measure of inflation.
A higher than expected PCE could lead to dollar buying and potential selling in equity markets like the S&P 500 and Nasdaq, while a lower figure could have the opposite effect, boosting riskier assets. Throughout the week, I'll also be keeping an eye on the CPI data from various regions, including Australia and Germany, as these could influence market perceptions of inflation and central bank policies in those regions.
Source: Digital Coin News (digitalcoinnews.net)
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