WEEKLY FUNDAMENTAL REVIEW (February 26 - March 1, 2024)
Oleg Kalmanovich The past week saw a more favorable environment for risk assets. There were few significant news events. The FOMC minutes mid-week turned out to be less hawkish than anticipated, and activity indexes in the Eurozone and the US moved in divergent directions.
This week, market disruptors will once again focus on digital values of economic reports. The main focus is on the US CPI report on Thursday. Year-on-year forecasts suggest a decrease, while there's expected growth for the latest month. If the outcomes align, it could be a factor for the dollar's rise.
However, other important reports from the stars and stripes are also worth noting mid-week: durable goods, US GDP revision for Q4, weekly jobless claims, and ISM manufacturing.
In the Eurozone, attention is on consumer price data for February on Friday, which will be on ECB President Christine Lagarde's radar during the ECB meeting on March 7th. Currently, the numbers are cloaked in a "bearish hide."
What's important today?
On Monday, pay attention to the evening session and US statistics on new homes. There's no highly significant news, so it's better not to set distant goals at the opening of trading and work towards the nearest milestones.
Wishing you success and thoughtful investment decisions!
