The Nasdaq 100 and S&P 500 set a rosy tone for the first full trading week of September. The rosy sentiment damaged the US Dollar as the Euro gained following a 75-basis point hike from the ECB. Ahead, gold traders are eyeing the US CPI report as the Sterling awaits UK CPI.

US markets are set for a bumpy ride next week with the latest look at inflation and the quarterly triple witching Friday the standout events

USD/CAD will likely track the broader U.S. dollar trend in the coming days, which will undoubtedly be influenced by the August U.S. inflation report due for release on Tuesday.

The eurozone’s woes continue despite an attempt by the ECB to realign medium-term inflation expectations and boost confidence in the euro. EU sentiment and HICP next week

Fresh data prints coming out of the US may curb the recent rebound in the price of gold as the Consumer Price Index (CPI) is anticipated to show sticky inflation.

The US Dollar cooled last week, largely due to Euro strength following a 75-bps ECB rate hike. Traders are watching the US consumer price index (CPI) amid the FOMC blackout period.

Bitcoin and Ethereum continue to benefit from upbeat market sentiment as key hurdles come into view.

The Australian Dollar was unable to gain traction despite a lift in rates from the RBA as the Fed and ECB remain hawkish and Chinese growth is mired in lockdowns.

Global equity markets tumbled last week, sending risk assets and gold prices lower. Central bank event risks fill the docket for the week, offering traders volatility.

The S&P 500 and Nasdaq 100 may find some support in the fact that the US economy remains resilient and that inflationary pressures are beginning to ease more quickly than initially expected.