Market Opportunities : Week 25-03-2024 - 29-03-2024

USDIDX: United States Personal Consumption Expenditure Index (PCE) report on March 29 is the key economic event of March 25 - 29 week. Investors will be watching closely to see whether the Federal Reserve’s preferred inflation gauge continues to rise or not. In case the core PCE rises from the previous reading of 0.4% over month this may give support for views the Federal Reserve will wait longer for data pointing inflation is declining toward the 2% target rate to implement an interest rate cut this year – this will be bullish for USDIDX.

AUDUSD: Australia’s Consumer Price Index (CPI) report is an important event for forex markets. In case the data on March 27 show Australia’s consumer prices resumed declining as CPI comes lower of the previous months 3.4% reading - the AUDUSD will get a bearish boost.