The scheduled economic data releases were much less important than monetary policy updates or governments’ interventions news last week. Shocking Fed’s Interest Rates cut and the QE announcement on Sunday is leading to another risk-on assets’ sell-off today. What about the near future? Will the economic data releases move markets more than virus news? Probably not. But let’s take a look at the details.
The week behind
Global financial markets continued to react to news about the ongoing coronavirus crisis last week. The economic data releases have been overshadowed by spreading pandemic fears again. Thursday’s ECB Rate Decision led to currency pair sell-off, but overall, last week’s economic news didn’t bring much attention of the markets.
The week ahead
What about the coming week? We won’t have particularly important economic data releases in the coming days. So it is very likely that investors will continue to react to the mentioned virus scare. However, the…