This week, in addition to US GDP and PCE reports, inflation and employment data from the United Kingdom, the New Zealand central bank meeting, and Canadian inflation data will be released. The Bank of England is watching inflation and labor market data to determine the path of monetary policy. This week’s inflation report is considered the most important data ahead of the March meeting, and January inflation is expected to remain around 3%, still above the central bank’s 2% target. In Canada, inflation, currently around 2.4%, likely increased slightly in January, but price pressures are still assessed as mild and are expected to remain close to the 2% target.

Donald Trump announced that the United States will soon deploy the aircraft carrier USS Gerald R. Ford to the Middle East to increase pressure on Iran. This move comes alongside ongoing indirect nuclear negotiations, and Trump said he is hopeful about the success of the talks, but warned that failure to reach an agreement would bring serious consequences for Iran. The increased US military presence in the region has raised concerns about escalating geopolitical tensions.

Crédit Agricole Bank stated that the market focus this week is on the “dollar reset” and assessing foreign demand for US assets; the TIC foreign investment data could determine the short-term direction of the dollar. Traders are also waiting for the release of PCE inflation, PMI indices, and the Federal Reserve meeting minutes to evaluate the next signals for monetary policy. In addition to economic data, the review of trade tariffs at the Supreme Court of the United States is also considered an important market risk. The bank's summary indicates that the dollar has now entered a phase of “conditional stabilization,” and for sustained growth, continued inflows of foreign investors into US markets are needed.

Abbas Iraqchi, Iran's foreign minister, arrived in Geneva a few minutes ago for a new round of diplomatic consultations. According to informed sources, he is scheduled to meet and discuss with Rafael Grossi, Director General of the International Atomic Energy Agency, as well as the Omani foreign minister on Monday. What distinguishes this trip from the usual nuclear negotiations are speculations about Tehran's strategic change. According to unofficial news, Iraqchi has traveled to Geneva this time with a different agenda; his accompanying team apparently has the mission to activate the economic annex of the negotiations.