– Flash PMIs, UK and Canadian CPI data enter the spotlight [Video]

Trump’s election raises bets for a Fed pause The US dollar continued flexing its muscles for another week, with the so-called ‘Trump trades’ showing no signs of cooling as the president-elect Republican party will control both chambers of the US Congress, which will make it very easy for Donald Trump to turn his pre-election promises into...

Almighty dollar awaits PMI s for more signs of Fed cut delays. Eurozone PMI s also on tap amid speculation of bigger cut by ECB. Pound could benefit from data pointing to rebound in inflation. Canadian and Japanese CPI numbers also on the agenda.

The uncertainty surrounding Germany’s political scene could also be a headache for euro traders as a lengthy process to form a new coalition government may result in delays in entering negotiations with the US for finding common ground on trade. Will the UK CPIs reveal early signs of rebound? In the UK, there are more important releases for pound traders coming in ahead of Friday’s PMIs.

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