This week was all about the Fed and the latest incoming US data. On Wednesday Powell addressed markets and signposted a slower path of interest rates ahead. This sent the dollar lower, stocks higher, and supported precious metals. On Thursday the latest US CORE PCE print showed a mixed inflationary picture which slowed the move.  Chinese stocks were buoyed in the first half of the week on hopes that China would pivot away from its Covid-Zero policy and could gain on further positive re-opening moves.

Other key events from the past week

Key events for the coming week

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HYCM Lab is a financial analysis source that provides regular insights on how global news affects the markets including forex, commodities, stocks, indices, and cryptocurrencies*. Run by the HYCM team, it equips traders with everything needed to make informed trading decisions.