Daily Market Review: US CPIs Enter the Spotlight, BoJ Opinions and UK GDP up Next
Channel: JFD Brokers
Date: 2022-05-11

Daily Market Review by Charalambos Pissouros

The US #dollar traded higher against all the other major currencies yesterday and today in Asia, but #equities generally gained, perhaps due to bargain hunters entering at low levels ahead of the US CPIs for April due out later in the day. The forecasts point to slowdowns, but even if that’s the case, the #Fed is expected to continue hiking fast in the months to come. As for tonight, the focus will turn to the BoJ Summary of Opinions, while during the early European tomorrow, the highlight may be the UK GDP for Q1.

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