Posted 11/26/2023, 5:00:00 PM
Markets Rally on Rate Cut Hopes as Inflation Peaks
- Markets remain risk-on with equity markets at fresh multi-month highs and the VIX falling over 46% recently
- The growing feeling interest rates have peaked is fueling further gains, with rate cuts expected by late 2023
- The US dollar remains under pressure, nearing multi-month lows, despite higher Treasury yields
- High impact data next week includes 2nd GDP reading, Euro Area/US inflation, and a Fed Chair Powell speech
- Technical and fundamental forecasts for the week ahead for GBP, Gold, Silver, EUR/USD and the US Dollar