Last week was all about central banks.
The Fed delivered the biggest rate hike in almost 30 years, the Swiss National Bank unexpectedly hiked rates, while the Bank of England stuck to a small 25 basis point rate hike. Monetary policy will remain on watch this week, thanks to Powell’s semiannual testimonies and CBRT rate decision. Apart from that, traders will also be offered flash PMIs from Europe.
Be sure to watch GOLD, DE30 and USD/TRY in the week ahead.
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