The week ahead.

Over the weekend, comments from FED board member Raphael Bostic suggesting his preference is for only one .25bp rate cut this year is a very hawkish comment. Bostic is a voting board member and his words carry weight. This could see a resumption of USD strength at the start of the week.

Sunday evening sees the release of the recent BOJ meeting minutes, which will be dissected for any clues on future BOJ moves.

On the red flag data front during the week, we have GDP from the US and the UK, retail sales and CPI from Australia. Retail sales from Germany. Tokyo CPI. And the week ends with the FED's preferred inflation metric, core PCE. which, as it's 'Good Friday', could cause an 'outsized move' due to a lack of market volume.

All in all, traders will still be looking for clarity on dates for central bank rate cuts. And I'll be starting the week looking for 'long USD' opportunities.

Feel free to email any questions: johnelfedforexblog@gmail.com