FOMC Minutes in 2 days on Wednesday at 2:00 pm headline the week, offering clues on rate paths. High-impact S&P Global PMI data arrives in 3 days on Thursday at 9:45 am. Tomorrow, Tuesday, features Fed’s Waller at 2:00 am and ADP data at 8:15 am. Jobless claims also land Thursday at 8:30 am. With markets sensitive to Fed rhetoric, Waller speaks again Friday at 4:00 am followed by Michigan Consumer Sentiment at 10:00 am.
Expect volatility spikes during Wednesday's FOMC Minutes; tighten stop-losses on USD pairs. Monitor Thursday's PMI data for growth signals that could shift Treasury yields. If consumer inflation expectations on Friday exceed forecasts, anticipate a hawkish market reaction favoring the Dollar over equities.
Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.