Summary of the most interesting economic events from the trading week 29 January - 4 February 2024

Monday's recap is out! Join us as we recap the highlights of the fundamentals that influenced the markets over the past week.


The euro was under pressure on Monday and Tuesday due to speeches by a couple of ECB politicians. According to Nagel, inflation is heading in the right direction, that was a pretty dovish comment from a hawk.


At the first monetary policy meeting of the year, the Bank of England is estimated to have left its key interest rate unchanged at 5.25 % (for the fourth consecutive time). The pound (GBP) strengthened.


The most important fundamental awaited us on Wednesday evening. The Fed left rates unchanged at 5.5 %, as the market expected.


On Wednesday morning we got the latest Australian inflation data which was negative for AUD. The core annual inflation rate came in at 4.1 %, which was still below market expectations.

What's in store for us this week?

An interview with Jerome Poewell (FED) will be aired at 1am on Monday first thing in the morning to discuss inflation risks and the economy. After last week's meeting, we probably won't get any surprises. Anyway, America responded with military action to the 3 US soldiers killed this week. So the risks to the markets remain elevated.


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