Welcome to our regular Monday recap, where you will find a summary of the most important news that affected our trading in the past week.
In the summary, you will also find a description of our outlook for the EUR/CAD currency pair, which we sent to the group during the week, and our outlook for the current trading week.
Read on to keep up to date!
At the end of the week, preliminary inflation data in the euro area were released, which the market had been waiting for all week. Ahead of the data, we were able to watch ECB Chief Economist Philip Lane's statement that rates in the eurozone need to rise.
We didn't get much from the US either. More interesting data came at the end of the week. In the last 3 months of 2022, the US economy grew by 2.6%.
On Wednesday, the Czech National Bank left the base interest rate at its current level of 7%.
TIP: Watch the CNB press conference
And what's in store for the current trading week?
This week will again be much richer in incoming data that could bring volatility to the market.
On Tuesday, we'll turn our attention to the RBA meeting, which comes at 6:30am.