Welcome to our regular Monday recap of the past week. It was full of inflation data. Let's recap the highlights together.
Wednesday's inflation rate in the euro area came in line with market expectations. The headline annual inflation rate declined to 4.3 % and the core rate fell to 4.5 %. Which is the lowest reading since August 2022.
On Wednesday, we also watched the UK inflation rate, which remained at 6.7 %, holding at an 18-month low, according to market estimates.
On Tuesday, we also got inflation data from Canada. The year-on-year inflation rate fell to 3.8 %, which was below market expectations.
Thursday's Australian labour market data supported our technical outlook on AUDCHF and helped TP.
What's in store for the current trading week?
This week will be interesting from a fundamental point of view, as several central bank meetings are scheduled.
On Tuesday, we'll focus on the Japanese inflation rate (2:30) and a flurry of preliminary PMI data from Australia, the Eurozone, the UK and the US. In the morning (8:00), UK labour market data will add to the mix.