FUNDAMENTAL REVIEW FOR THE WEEK (25 - 29 March 2024)

The past week was again in favor of the dollar - first of all, the strong economic data of the American in leading indicators had an impact. The Fed meeting was held in a more dovish format - despite the stability of inflation indicators, the regulator did not abandon the current monetary rate. Thus, the forecast for reducing rates remained unchanged - 3 times by 0.25 bp, while the long-term rate was increased to 2.6%. However, already on Thursday the entire increase in “risks” was offset by strong figures on business activity and the labor market

The coming week should be divided into two parts. The first one, until Wednesday, will not indulge in particularly important events, except that American durable goods can be highlighted on Tuesday. The main block of US data will be released on Thursday and Friday, but Friday is a day off in many countries of the world, including the USA and Britain, such a bundle will make the market very thin, with potentially sharp lightning-fast movements - you need to keep your finger on the pulse!

The main news “titans” of the upcoming five-day trading period are US RFE inflation for February on Friday and unemployment claims on Thursday. They are the ones who can raise the degree of market volatility to maximum values.

As for the “people at the microphone,” let’s pay attention to Waller, a member of the Fed’s governing council, at night from Wednesday to Thursday and Powell at 18.30 Moscow time on Friday.

Good luck and informed investment decisions!