In most markets, the week closed with the same sentiment as the last few days, bearish. And the market continues to show profit-taking after the US inflation data and the uncertainty with the FED regarding rate decisions. During today's session the CPI in the Eurozone will attract the market's attention, without significant data in the US, pending the FED meeting.
In relation to the ECB and according to its vice president Luis de Guindos, salaries continue to be a risk, but inflation is on the right track, which is why it considers that the Euro Zone economy will recover in the second half of the year. Therefore, the entity will now have sufficient information to begin making decisions on monetary policy.
The market took the published American data as hawkish, thus delaying the possibility of cuts by the FED. Their meeting begins tomorrow and after it, no changes are expected, although their new macro forecasts will be announced.
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Economic News, FED
