PMIs and CPI data will impact trading opportunities, with speculation of Fed rate cuts

From Investing.com: 2024-11-15 07:59:00

The almighty dollar is waiting for PMI data to determine if signs of a Fed rate cut delay are present. Eurozone PMIs are also on the horizon amidst speculation of a larger ECB rate cut. The Pound could see gains if inflation data shows a rebound. Trump’s election has increased bets for a Fed pause as he prepares for the presidency. Will PMI data seal the deal for a Fed pause, or will tariff clouds affect the euro’s performance? In the UK, CPI data may reveal early signs of a rebound, impacting the pound. Additionally, Canadian and Japanese inflation numbers are set to be released next week, potentially affecting currency values.



Read more at Investing.com: Weekly Economic Outlook: PMIs and CPI to Shape Trading Opportunities