This is an enormous week for financial markets. Primarily, the US CPI could have huge implications for the FOMC monetary policy. We are also looking out for the BoE and the ECB and a raft of tier-one data.
After a huge wave of selling pressure a bear market rally is threatening on indices. However, rallies in 2022 have tended to be short-lived.
The European Central Bank has increased its interest rates by 75 basis points. This was in line with forecasts. It is initially weighing on EUR whilst supporting equities.
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