We have some key economic releases this week that will likely shape the market’s pricing for rate cuts for UK, Canada, and Australia. The market participants will also watch closely what Fed’s Waller has to say about the recent dramatic easing in financial conditions.
This week we will likely see the market trading based on last Friday’s data after a shocking dip in the employment component of the ISM Services PMI survey. Nevertheless, we get the release of some tier one data points with the US CPI as the main highlight.