Key Highlights of European Inflation Data and Market Sentiments for Traders
Thursday, 29 February 2024, 06:08
European Focus on Inflation Data
The dollar is down slightly on the day, primarily due to a drop in USD/JPY following BOJ Takata's remarks. Market sentiment remains muted with US futures flat and Treasury yields showing little movement. Traders are closely monitoring European trading for crucial inflation data releases.
Market Highlights
- Germany, France, and Spain to release February inflation data
- Traders eyeing ECB outlook depending on the figures
- Expectations of potential rate cuts in the coming months
- Watch out for month-end flows impacting trading activities
Stay updated on key economic events and be prepared for market fluctuations. Good luck with your trades!
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.